Looking to invest in insurance for future life safeguard - suggest me a good policy?

[James]

I am working with a leading MNC. My monthly saving is 10,000 and I am looking to invest in insurance for future life safeguard. I am already paying LIC premium of Rs.35,000 per annum. Please suggest me a good policy, which will give me good return and death coverage.

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[Expert]

Insurance is not for investment, its a risk coverage method. Please buy term insurance for the coverage and invest remaining amount in MFs, FDs etc.

[PolicyWala]

Go for Term + MFs (ELSS or Equity) + PF etc. Avoid insurance for investment.