LIC Policy for wealth creation?

[manav_singh07]

I am Manav my age is 23 yrs, salary is 90k/mth i want to invest my money for wealth creation.I wanted to know which LIC policy will best suite me. Currently my investment is only in PPF i.e 70k annually having no policies till date.


Need advice on the same.
Thanks,
Manav

[Aman]

Don't invest in any LIC policy for wealth creation. Invest in long term MFs like HDFC Top 200. LIC is for life insurance not for wealth creation, buy term insurance and health insurance for risk cover.

[Madhura]

I am Manav my age is 23 yrs, salary is 90k/mth i want to invest my money for wealth creation.I wanted to know which LIC policy will best suite me. Currently my investment is only in PPF i.e 70k annually having no policies till date.


Need advice on the same.
Thanks,
Manav

You are very young invest in equities or mutual funds for good returns. Plus add 5-10% money in gold.
Buy term insurance for life cover.