if we calculate simple 7% interst until 19 yrs the amount would be 13lakh and 75 thousand, so you will be giving less than 4% interst for the amount we paid :-) sir dont think about your commision, do you realy think this is use ful fo any person, if we keep this same amount in bank with FD, we will get 6% after tax then the amount will be grow to 50 lakh next 30 yrs, if need any death benfit we can get term insturance
Sir first stop comparing guarented income products like pension plan or fixed deposit with non guarented product. Can you tell me one thing . Are you work without income or salary? But agent getting commission means all are telling working for commission. You can check how many videos I made only for education purpose. Now coming to your point can you recommend mutual fund to senior citizens? They can digest market volatility? Also need to take risk at 60 age ? You forget about tax free income.you have to include that also in your calculation. Another thing who giving 7% interest upto 19 years ?