SWP way to make payments to Term Insurance Policy Annually.

[Vivek]

Your suggestion is excellent, but I would go with one change, adding third option of FD.
1. Invest 30K in bulk towards MF
2. Accumulate 35K using MIP’s

3. Accumulate 35K using FD’s (due to safety)

[msgforsunil]

Thanks Vivek for your suggestion.

[Master]

I would suggest instead of going for lumpsum investment go for SIP mode. And withdraw also in SIP or SWP mode.

[msgforsunil]

I thought withdrawal can be done in SWP mode. Do we have SIP mode of withdrawal as well? Please share more details.

[NewsDesk]

I thought withdrawal can be done in SWP mode. Do we have SIP mode of withdrawal as well? Please share more details.

SWP is the only option for systematic withdrawal.
SIP - Systematic Investment Plan for investment
SWP - Systematic withdrawal plan for withdrawal