Is LIC a good investment plan?
Is LIC Plan a good investment? Yes, LIC offers best life insurance plans. If you are looking for investment and protection option under one product, you can consider Endowment or Unit Linked Investment Plan (ULIP) as per your risk appetite and financial objectives.
How can I choose my LIC policy?
Ideally, opt for a term plan, as it gives you a higher sum assured for a lower premium. When you venture into the market to buy a term plan, compare it on two parameters — cost and claim settlement ratio. “Pick a policy with the lowest premium, but a claim settlement ratio of more than 90%,” said Mehta.
Is LIC better than PPF?
While LIC policies serve the purpose of insurance, a PPF serves the purpose of savings. PPF is a Public Provident Fund meant for long-term savings and retirement.
PPF VS LIC.
|Target audience||Caters to those who have dependents||Caters to everyone|
Is LIC Jeevan Saral a good policy?
As a non-unit linked insurance plan LIC Jeevan Saral is one of the most beneficial endowment plans that provide a lump sum amount of 250 times the premium paid. It provides the dual benefit of protection cum saving.
What is the rate of return in LIC policy?
So, the compounded annual return or the Internal Rate of Return (IRR) – with premium payment of Rs 1,14,959 in the beginning of each year for 10 years and the maturity value of Rs 17,50,000 at the end of 15th year would be 4.02 per cent.
Which is the best term plan?
Best Term Insurance Plans in India 2021
|Term Plan||Entry Age(Min-Max)||Accidental Death Benefits|
|SBI Life eShield Plan||18 – 65 years||Paid|
|SBI Smart Shield||18 – 60 Years||Paid|
|Shriram Life Cash Back Term Plan||12-50 years||Paid|
|SUD Life Abhay||18-65 years||Paid|
Which insurance is best in India?
Best Health Insurance Plans in India
|Health Insurance Plans||Entry Age (Min-Max)|
|Reliance Critical illness Insurance||18-55, 60, & 65 years (as per the SI)|
|Royal Sundaram Lifeline Supreme Health Plan||18 years & above|
|SBI Arogya Premier Policy||3 months – 65 years|
|Star Family Health Optima Plan||18-65 years|
Which is the best endowment policy from LIC?
Top 6 LIC Plans In India 2020
|LIC Plans||Type of Plan||Age at Entry (in years)|
|LIC New Children’s money-back Plan||Traditional money-back Child Plan||0 – 12|
|LIC New Jeevan Anand||Endowment Plan||18 – 50|
|LIC Jeevan Umang||Whole Life + Endowment Plan||90 days-55 years|
|LIC Jeevan Labh||Endowment Plan||8 – 59 years|
Which is best LIC or PF?
The Public Provident Fund tends to provide a far superior rate of returns compared to an LIC policy like Jeevan Anand. What you should do is invest in the PPF and take a term policy online, which is cheaper and faster. In the term policy you do not get your money back, but, you are provided with solid insurance.
Which is better PLI or LIC?
In terms of premiums, LIC has a higher rate of a premium compared to PLI. Many PLI plans offer a bonus which is quite high. Many LIC plans also offer bonus. However, the bonus rate is low compared to PLI plans.
What is the interest rate in LIC?
When it comes to the FD interest rate, the highest rate offered on LIC Housing Finance FD is 5.75%.
FD Interest Rate in LIC Housing Finance 2021.
|Time Duration||FD Interest Rates Today||Current FD Interest Rates for Senior Citizen|