Investment Plan Vs Fixed Deposit

[GRO_MAX]

Appreciate the ideas of Finance professionals.

Lets say if you can save 50K from your salary every month; and you want to invest that money through the saving period (Over a 3 years period)

You have two options

1) Go for an investment plan

Eg:
Millionaire account Commercial bank : Effective rate 8.6%
NTB Investors account :Effective rate : 9.6%


2) You can save the money for few months, lets say for four months you can save 200K (50 x 4 months) and then you can invest that money on a FD.

In a finance institute - Higher rate 13% per year
In a Bank - 11% per year

Out of these two options what could have given the maximum benefit end of three years.

Appreciate your ideas and suggestions

 

[LazyLizard]

බම්පි

 

[ishur_j]

Bumf

 

[Kaveendra Randeera]

How can we withdraw money from NTB investors account at urgent moment ?

 

[The_Killer]

Put a life insurance. When the maturity comes financial institutes give you minimum 8% of what you have invested. This is a good plan when you will getting few millions if you met with an accident, partial injury, death. Other benefits can mention as hospital benefits, family income benefit (when u die), child, spouse insurance plans etc.

I reckon you invest on a life insurance plan where you don't have to worry about your life. You'll be or your family will be secured when u die.

Now 50K premium is absurd but go for 10K Premium per month one. So u can invest some money wherever you'd like

 

[tclanki]

I thought investor account means share market sorry

 

[CoolMan88]

I prefer the 2nd one as the I own the full ownership of my money.

 

[danukapeiris]

Non of above !

if im in your position, i would go for Life Assurance. They are providing a interest around 8-9% by taking the risk of your life. if you are thinking of your parents, your wife or your kids, just go for life assurance without adding medical covers. If you need medical covers, you can have a separate insurance cover from same or any other company.

I have a life assurance (paying by myself) and 1 million medical cover (paying by company)

 

[GRO_MAX]

How can we withdraw money from NTB investors account at urgent moment ?

if you withdraw you will end up getting only the savings account interest.

 

[GRO_MAX]

Put a life insurance. When the maturity comes financial institutes give you minimum 8% of what you have invested. This is a good plan when you will getting few millions if you met with an accident, partial injury, death. Other benefits can mention as hospital benefits, family income benefit (when u die), child, spouse insurance plans etc.

I reckon you invest on a life insurance plan where you don't have to worry about your life. You'll be or your family will be secured when u die.

Now 50K premium is absurd but go for 10K Premium per month one. So u can invest some money wherever you'd like

Thank you so much, never saw a life insurance as an investment.

Basically this is a short team investment 2 - 3 Yeas.

But as you said life insurance is a long term thing, so now I think of going for a life insurance, lets say with a premium of 5- 10 K and rest 40K will be invested on one of the two options mentioned above. Thanks for that.

Non of above !

if im in your position, i would go for Life Assurance. They are providing a interest around 8-9% by taking the risk of your life. if you are thinking of your parents, your wife or your kids, just go for life assurance without adding medical covers. If you need medical covers, you can have a separate insurance cover from same or any other company.

I have a life assurance (paying by myself) and 1 million medical cover (paying by company)

Thank you mate, this is also a good option, though i am more in to a short term investment.

 

[GRO_MAX]

I prefer the 2nd one as the I own the full ownership of my money.

Yeah, after evaluating I also thought of going for the FD option.

It seems to be more beneficial than all these commitment products.

 

[dildude]

IF I HAVE MONEY I GO SINGAPOR AND HIT HOOKERS AS MUCH AS I CAN.
SORRY FOR MY ENGLISH

 

[Jack_Sparrow]

If you go for maximum there will be a risk

I would open 3 month FDs and deposit same amount end of 3 rd month

January - > 50,000

February - > 50,000

March - > 50,000 + ( Jan FD + interest )

March - > 50,000 + ( February FD + interest )

 

[nvhcc89]

If you go for maximum there will be a risk

I would open 3 month FDs and deposit same amount end of 3 rd month

January - > 50,000

February - > 50,000

March - > 50,000 + ( Jan FD + interest )

March - > 50,000 + ( February FD + interest )

poddak thawa pahadili karapanko

 

[The_Killer]

Thank you so much, never saw a life insurance as an investment.

Basically this is a short team investment 2 - 3 Years.

But as you said life insurance is a long term thing, so now I think of going for a life insurance, lets say with a premium of 5- 10 K and rest 40K will be invested on one of the two options mentioned above. Thanks for that.

Yes your short term investment will be short of 16K but you'll be getting that amount in 10-15 years along with lots of benefits.

Sample calculation:
This is for 15 years Life assurance, Age 26; Male person.

Life assured for: LKR 10,000,000 (ten million)

Yearly - LKR 191,209
Half Yearly - LKR 97,030
Quarterly - LKR 48,516
Monthly - LKR 16,412

What you'll be getting:
At maturity(8% dividend based) - LKR 2,390,085 (two million three hundred ninety thousand eighty-five)

Benefit (Rs)
Additional Life Benefit 30,000,000 (thirty million)
Accidental Death Benefit 10,000,000 (ten million)
Total & Permanent Disability 10,000,000 (ten million)
Partial Permanent Disability 10,000,000 (ten million)
Critical Illness Benefit 3,000,000 (three million)
Hospitalization Benefit per Day 10,000
Family Income Benefit per Month 25,000

So if you accidentally die within policy period your beneficiaries get following:

Basic Sum Assured of Rs. 10,000,000 or Investment account value, which ever is higher, plus additional Life Benefit of Rs. 30,000,000 and Accidental Death Benefit of Rs.10,000,000

= LKR 10,000,000 + LKR 30,000,000 + LKR 10,000,000
= LKR 50,000,000 (fifty million)

Tell your family to put that in a FD and monthly interest will be:

60 months FD, Monthly interest at 13% = LKR six million five hundred thousand per month.

Natural death within policy period your beneficiaries get following:

Basic Sum Assured of Rs. 10,000,000 or Investment account value, which ever is higher, plus additional Life Benefit of Rs. 30,000,000

= LKR 10,000,000 + LKR 30,000,000
= LKR 40,000,000 (fourty million)

Tell your family to put that in a FD and monthly interest will be:

60 months FD, Monthly interest at 13% = LKR five million two hundred thousand per month.

 

[Jack_Sparrow]

poddak thawa pahadili karapanko

kalin eka poddak weraduna menna hariyatama

uba maseta 10,000k FD danawa kiyala hithapan. FD rate eka 10% kiyala hithapan. 3 months FD danne mase antimata

January -> 10000 new FD
February -> 10000 new FD
March - > 10000 new FD

April weddi January dapu FD eka iwara wenawa eken hamba wenawa FD amount + interest, ekai uba save karana 10y danawa

April - > 10000 + 10000 + 250 -> 20250

Ohoma ayeth May weddi Feb eka iwara wenawa, ekath uda eka wage continue karanawa. ohoma uba FD 3k rotate karanawa mase gane

 

[Jack_Sparrow]

Yes your short term investment will be short of 16K but you'll be getting that amount in 10-15 years along with lots of benefits.

Sample calculation:
This is for 15 years Life assurance, Age 26 Male person.

Life assured for: LKR 10,000,000 (ten million)

Yearly - LKR 191,209
Half Yearly - LKR 97,030
Quarterly - LKR 48,516
Monthly - LKR 16,412

What you'll be getting:
At maturity(8% dividend based) - LKR 2,390,085 (two million three hundred ninety thousand eighty-five)

Benefit (Rs)
Additional Life Benefit 30,000,000 (thirty million)
Accidental Death Benefit 10,000,000 (ten million)
Total & Permanent Disability 10,000,000 (ten million)
Partial Permanent Disability 10,000,000 (ten million)
Critical Illness Benefit 3,000,000 (three million)
Hospitalization Benefit per Day 10,000
Family Income Benefit per Month 25,000

So if you accidentally die within policy period your beneficiaries get following:

Basic Sum Assured of Rs. 10,000,000 or Investment account value, which ever is higher, plus additional Life Benefit of Rs. 30,000,000 and Accidental Death Benefit of Rs.10,000,000

= LKR 10,000,000 + LKR 30,000,000 + LKR 10,000,000
= LKR 50,000,000 (fifty million)

Tell your family to put that in a FD and monthly interest will be:

60 months FD, Monthly interest at 13% = LKR six million five hundred thousand per month.

Natural death within policy period your beneficiaries get following:
Basic Sum Assured of Rs. 10,000,000 or Investment account value, which ever is higher, plus additional Life Benefit of Rs. 30,000,000

= LKR 10,000,000 + LKR 30,000,000
= LKR 40,000,000 (fourty million)

Tell your family to put that in a FD and monthly interest will be:

60 months FD, Monthly interest at 13% = LKR five million two hundred thousand per month.

This is my personnel opinion machan. 10 - 15 years is too much for me. We don't know what happen in 10 - 15 years. If inflation hits there is no value of the money. I am already insured from my employer so i don't need any other insurance.

The plan i suggested is a short term saving plan, if we need any cash in emergencies we can withdraw and FD and we have earned some interest without fixing for 1 year.

 

[deepwater]

Yes your short term investment will be short of 16K but you'll be getting that amount in 10-15 years along with lots of benefits.

Sample calculation:
This is for 15 years Life assurance, Age 26; Male person.

Life assured for: LKR 10,000,000 (ten million)

Yearly - LKR 191,209
Half Yearly - LKR 97,030
Quarterly - LKR 48,516
Monthly - LKR 16,412

What you'll be getting:
At maturity(8% dividend based) - LKR 2,390,085 (two million three hundred ninety thousand eighty-five)

Benefit (Rs)
Additional Life Benefit 30,000,000 (thirty million)
Accidental Death Benefit 10,000,000 (ten million)
Total & Permanent Disability 10,000,000 (ten million)
Partial Permanent Disability 10,000,000 (ten million)
Critical Illness Benefit 3,000,000 (three million)
Hospitalization Benefit per Day 10,000
Family Income Benefit per Month 25,000

So if you accidentally die within policy period your beneficiaries get following:

Basic Sum Assured of Rs. 10,000,000 or Investment account value, which ever is higher, plus additional Life Benefit of Rs. 30,000,000 and Accidental Death Benefit of Rs.10,000,000

= LKR 10,000,000 + LKR 30,000,000 + LKR 10,000,000
= LKR 50,000,000 (fifty million)

Tell your family to put that in a FD and monthly interest will be:

60 months FD, Monthly interest at 13% = LKR six million five hundred thousand per month.

Natural death within policy period your beneficiaries get following:

Basic Sum Assured of Rs. 10,000,000 or Investment account value, which ever is higher, plus additional Life Benefit of Rs. 30,000,000

= LKR 10,000,000 + LKR 30,000,000
= LKR 40,000,000 (fourty million)

Tell your family to put that in a FD and monthly interest will be:

60 months FD, Monthly interest at 13% = LKR five million two hundred thousand per month.

Who are the good insurance providers and insurance plans to consider if planning to have a insurance.

 

[The_Killer]

This is my personnel opinion machan. 10 - 15 years is too much for me. We don't know what happen in 10 - 15 years. If inflation hits there is no value of the money. I am already insured from my employer so i don't need any other insurance.

The plan i suggested is a short term saving plan, if we need any cash in emergencies we can withdraw and FD and we have earned some interest without fixing for 1 year.

16K a month. (less benefits, less premium) This guy can save 50K a month ne. So he'll be getting additional benefits with life and put some money for FD as well. Person can have multiple life insurance plans from several companies but max claim must below 30 mil. that's it.

I also have a free life cover from my employer but i'll put a new one from my personal expense in near future.

 

[Hora_Nariya]

BUMP​