Is it better to Invest in SBI Pension Plan?
Many people ask me this question. First of all I advise them to read everything about various types of SBI Pension Plans.
After reading the above article, you will have a fair idea about SBI Pension Plans. There are basically 4 types of SBI Pension Plans that are available in the market. Now, let us come to the main thing. Is SBI Pension Plan good? Is it advisable to invest in SBI Pension Plan?
Well, Read the following article.
- Choosing a Best Pension Plan
Well, SBI Pension Plan is a good Pension plan. But the thing is that, I don’t recommend to invest you in any Pension Plans. Because Pension Plans are of 2 types of combinations.
01) Insurance + Savings (Endowment)
02) Insurance + Investment (ULIPs)
The only problem with Pension plan is their high administrative charges. Rather than why not go for,
- Term Life Insurance + Equity Diversified Mutual Funds?
Pension Plans are nothing but the opaque mutual funds. They are associated with high administrative charges. So it is advisable to buy a term life insurance policy separate and Mutual Funds separately.
0 comments:
Post a Comment