Is it Advisable to Invest in SBI Life Unit Plus?
SBI Life Unit Plus is a Pension Plan offered by SBI. Previously I have posted the article,
And in the article, I have explained in very detail that why it is not advisable to invest in any Pension Plans? This is because Pension Plans are the combination of Insurance + Investments. But the only thing is that they are associated with higher administrative charges.
And that’s why it is advisable to buy a separate term Life Insurance Policy and a separate Mutual Fund scheme.
I don’t recommend you to invest in SBI Life Unit Plus Pension plan or any other Pension Plan. Instead of that, go for term life insurance policy and 2-3 equity diversified mutual funds. This is because Mutual funds are associated with very low financial charges.
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