Is LIC a better option?

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.

Is LIC really beneficial?

Is LIC a Good Investment? Insurance is best taken care of by buying a term insurance which is a pure risk cover. Thumb rules suggest that you require an insurance cover which is at least 10 times your annual income and term insurance is the only way to get such a cover. Hence LIC policies are a bad investment.

Is LIC really beneficial Quora?

No, LIC is insurance product, not good returns compared to other safe option. Let us understand with an example. I have tried to compare LIC’s Jeevan Anand (insurance mixed with investment) case with a PPF+LIC’ e-term insurance (insurance separated with investment) . You will get equal tax benefits in both cases.

Is LIC safe Quora?

Yes. It is very safe. LIC, like other life insurers, is regulated by IRDAI and their operational policies as well as the solvency margins are regulated, not micromanaged, by the Regulator.

Is LIC is government or private?

Life Insurance Corporation of India (abbreviated as LIC) is an Indian statutory insurance and investment corporation. It is under the ownership of Ministry of Finance, Government of India.

Which is best LIC or post office?

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.

Is LIC government or private?

Is LIC safe?

LIC is one of the most trusted and leading insurance provider companies in India. The company has a strong customer base of more than 250 million and enjoys the largest market share in the life insurance business. LIC policies offer a one-stop solution for all the insurance needs of the buyers.

Is money safe in LIC?

Refuting claims of its weak financial position, national insurer Life Insurance Corporation (LIC) on Wednesday assured its millions of policyholders that their money is safe and secure as its “financial health is sound. ‘

What will be Lic IPO price?

Share Price Expected To Be Between Rs 400- 600 According to Business Standard, the amendments proposed in the LIC Act, 1956 read, “The authorised share capital of LIC shall be Rs 25,000 crore divided into 2,500 crore shares of Rs 10 each.”

What is LIC Jeevan Akshay plan?

LIC Jeevan Akshay is an Immediate Annuity plan offered by Indian Life insurance and investment company Life Insurance Corporation of India (LIC). It is a single premium policy and has to be purchased by paying a lumpsum amount at once.

What is a Jeevan Akshay annuity?

LIC Jeevan Akshay is a single premium payment plan, meaning that the premium has to be paid in lump sum at once. The annuity can be paid annually, biannually, quarterly or monthly depending on what the assured chooses. Listed below is an illustration of annuity payouts for Rs.1 lakh for different options of the plan.

What are the salient features of LIC money back 25 years policy?

The following are some of the salient features offered by the policy. The Money Back 25 years LIC plan offers a settlement option to receive the maturity benefit, which means that the insured can receive the maturity benefits in installments over the chosen period of 5 years, 10 years, or 15 years.

What is the settlement option in LIC money back 25 years?

The Money Back 25 years LIC plan offers settlement option to receive the maturity benefit, which means that the insured can receive the maturity benefits in installments over the chosen period of 5 years, 10 years, or 15 years. The plan offers the option to take death benefits in installments.