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Review: Aviva Family Income Builder

By   /   June 22, 2013  /   3 Comments

Review Aviva

About the plan

Pay regular premiums for 12 years & get double the premium amount for the next 12 years. To know more about the plan: Click here

 

Below table shows how it works. You pay Rs.1 lakh each year for 12 years (minus sign shows cash outflow) & in return you will get double the amount you pay for the next 12 years i.e. Rs. 2 lakhs per annum for the next 12 years.

Review Aviva

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rate of Interest

Rate of interest on the investment comes out to be 5.94% compounded annually. Here cash outflow from the 13th year on wards is assumed to be reinvested in the fund.

 

BIG Question is; why to go for approx 6% rate of interest when you can get a 8% + rate of interest from investing in Public Provident Fund (Currently PPF Rate of Interest is 8.7%)

Clearly it’s a gain of 2% + on investment in PPF over this plan.

 

What about the Insurance cover !!!!

Get an Online Term Insurance plan, which is much more cheaper & can continue till you wish.

 

If somehow your agent is still able to convince you to invest in this plan, please feel free to drop a comment or write to me at financialkundali@gmail.com & all for your good I will make sure that you do not invest in it.

 

for any clarification, feel free to drop a comment :)

 

www.financialkundali.com

www.financialkundali.com

 

Recommended Articles:

1. Public Provident Fund

2. Impact of 1% 

3. Financial Kundali For You

 

 

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About the author

Hi My name is Hari Om Tripathi. I am an engineer by chance & a Personal Financial Planner by choice. Currently residing in Kanpur & writing full time for Financial Kundali. In case you have any query about Personal Financial Planning such a buying a MF or ULIP, going for a life insurance plan or a term plan, to surrender your policy or not or any other questions related to your Personal Financial Planning, write to me at financialkundali@gmail.com

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3 Comments

  1. Manish Shukla says:

    In your article you mentioned “Rate of interest on the investment comes out to be 5.94% compounded annually. Here cash outflow from the 13th year on wards is assumed to be reinvested in the fund.”

    What did you mean by this ?

  2. Narayan says:

    Bhai maine 3 premium pay kiye hain. Kya karun , surrender karne pe kitna milega aur agar surrender karun to kahan lagaun paisa.

  3. Danny Bruner says:

    I don’t even know the way I ended up right here, but I assumed this publish used to be good. I do not realize who you’re however certainly you’re going to a well-known blogger if you are not already ;) Cheers!

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