Need A Financial Product Forums Insurance Is it wise to invest in Max Endowment Policy

This topic contains 1 reply, has 2 voices, and was last updated by  Kiran Verma 2 years, 12 months ago.

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  • #47047

    Kiran Verma
    Member

    I want to invest Rs. 5, 00,000. Somebody suggested me to invest the amount in Max endowment policy of PNB. If I contribute Rs. 60,000 annually for next 5 years then I will get Rs. 4, 60,000. The rate of interest is 11%. I don’t want to fall for the offer today and crib at a later stage. What will you suggest?

    #47048

    By investing in Max endowment policy, you will surely come back here cribbing on your decision. Look for some other alternatives like FD, MF, etc. Do your research and then invest in the right avenue.

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