Two years back, I had started investing in a Tata AIG ULIP for a period of 20 years. I am currently getting returns of around 6-7 per cent from it. Should I continue investing in it or move to the NPS?
- Amit
The first thing that you should is buy adequate term cover to protect your family in case of demise. Once you’ve life insurance, you can begin to invest for your goals. The National Pension System (NPS) is a good investment vehicle for retirement. It is transparent and cost-effective. Apart from that, you should invest in diversified mutual funds to gain from the long-term benefits of equities. Refrain from mixing insurance with investment. And don’t try to time the markets while investing in equities.
This article was originally published on April 18, 2013.
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