Investment choice between two options for better returns
Confused between various options for investment? Find financial advice from experts on this page.
One of my friends is 58 years old. Considering her old age requirement, she is now interested to invest Rs 3 lakhs in a sector from where she can earn some monthly return. Her monthly expenses after medicines is rather high. Moreover she might have to file a suit in near future related to her property which will also incur an extra liability.
So to earn a monthly return, which option will be best suited for her? Post Office MIS or LIC's Jeevan Akshay VI? In case of latter option, she can never take back her invested money even in case of emergency. As she has been going through different hazards and uncertainties, which option will bring her higher monthly return? Or is there any other investment opportunity to earn rather higher monthly return?