I am a techie who has started to learn about investments very recently. A friend of mine who is an agent that sells investment policies has been suggesting different policies for me to purchase. At first sight, these policies seem very attractive. For example:
Paying 100K INR every year for 10 years and then receiving double the amount (i.e. 200K) every year for 10 years after that.
However, I did some calculations to determine what 100K is worth now and what it'll be worth in 10 years and I found that the policy isn't much of a gain.
Another option for investment has the following terms:
Pay 100K INR every year for 10 years and then start receiving 35K immediately every year, for life.
I am not sure how to start evaluating these options and terms, and how to position myself to better make these investment decisions. What should I read to be able to make these decisions?