Best retirement Plan – Apply for the post of Indian President


I pankaj kumar, hereby want to challenge the insurance companies in India, do u have any retirement plan like the People are planning for the post of The President. Every one is here is thinking Pranab Dada have work lot for the congress and he should retired in the garden. Congress never shy-up from paying the loyalty bonus. No insurance company will ever match with the loyalty what Congress is providing to its members(leader and worker).As I started with the Retirement plan so I should continue with that topic…just trying to correlate with Indian Polities.
There is lot of retirement plan available in market but all plan are generally provided by some insurance company .One thing I would like to advise here ,If u are investing somewhere u want good return in future never invest in insurance company. Insurance company here is to provide insurance but as market demand they have to supply the customer need. So now, They have floated with lots of investment cum insurance plan. I met with lot of people who generally say at least investing in insurance give some protection to the family if some thing (death) happen to me(Bread -earner).So lady & Gentleman u are investing in insurance company for getting the protection in case of some uncertainty.
Fine ,now I expect everyone have heard name ”Term Plan “ .Term plan is pure insurance. The actual insurance with which insurance company originated In our societies. But generally people don’t take this plan and insurance adviser also don’t suggest this plan to customer. Insurance adviser don’t suggest this plan to customer because these plan have least commission and people don’t take these plan saying why would I pay for 30-35 years without any benefit. There is proverb “Everyone want to go heaven but no one want to die” and one another proverb “Nothing certain as much as Death when u take birth”. So every one is going to die .How they will die is matter of luck and chance. Lucky man will get natural death and unlucky Man will not get natural death (accident ,disease,war,terrorism….etc).Even the lucky man who will get natural death are not able forecast till it come.
So take a term plan. It is very cheap if u take it online. For 1 crore you have to pay 8-11k on average. So in 30-35 years you are paying 3lakh-3.5lakh .Ohh this amount look huge, but this amount is after 30 years. So as per ours inflation which come average to 8% and salary compension which is also growing almost same .I think after 30 year 3-3.5 lakh will be the minimum salary which u will withdraw monthly. So now this 3 lakhs not look that huge.
In case of uncertainties if some thing happen to u(bread earner) ,atleast the 1crores will give monetary support to urs dependent.
So never invest in insurance sector. If u are investing in insurance for the sake of protection better take Term plan. Protection in long term is over. Now Retirement ,As per my consciousness for retirement best thing is to do regular SIP in diversified mutual fund portfolio which invest in equity with some condition. I am hereby supporting why to invest equity link mutual fund if u take the average of return which the stock market is giving in long term is round 18% or above.See the latest data which
Rs 1,000 investment in Reliance Industries in 1977 now worth Rs 7.78 lakh in 2012
The historical returns of the BSE Sensex, which indicated an average return of about 20% per year, despite many yearly returns varying from -20% to +60%. The following table shows BSE Sensex historical data - yearly high,low,close and also the yearly returns of the sensex from 1991 to 2011.
There are some interesting points to note from the above data. Post 2008 crash of about 50%, one can see how the markets have performed differently in each year. In 2009, the markets gave positive returns of about 81%, in 2010 the returns were just 17% and in 2011 the returns were down 24%. The interesting point to here is the average returns are about 20%, even after the 2008 crash and 2009 boom. The lesson is pretty much clear - long term investing pays and one need not bother too much about the ups and downs of the markets.