Which lic policy is best for investment? (2024)

Which policy of LIC is best?

Is LIC policy a good investment?

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.

Which insurance is good for investment?

Which is the highest selling LIC policy?

LIC Jeevan Anand Plan is a non-linked & participating policy that provides an exclusive mixture of savings and financial protection. If you go through the statistics, you will come to know that this policy is the highest-selling LIC insurance policy.

Is New Jeevan Anand a good policy?

LIC's New Jeevan Anand is a good life insurance plan for your family. It offers an attractive combination of savings and protection. The cover provided is available throughout the lifetime of the policy. In addition, this plan comes with a loan facility as well.

Which LIC policy is best for wife?

LIC Jeevan Saathi Plan is a joint life endowment policy. This plan pays for the Death Benefit during the policy term for both husband and wife but the Maturity Benefit is paid even if both or anyone are alive till the end of the policy term. Hence it is a double death benefit plan.

Which one is better PPF or LIC?

Is investment in LIC safe?

You can also surrender it if you need cash and get a loan against it. However, the internal rate of return for most endowment plans, or traditional life insurance plans is only in the range of 4-5 per cent That is a return that does not even beat the rate of inflation. Hence LIC policies are a bad investment.

Which is better LIC or FD?

Fixed deposits are best for both short and medium term investments whereas life insurance plans are designed for long term investments. You can invest for a period of as low as 7 days in fixed deposits unlike a life insurance plan wherein you need to invest for at least 10 years.

Which investment is best for 5 years?

Which investment has highest return?

Which is the best investment for 3 years?

Which LIC policy is best Jeevan Anand or Jeevan Umang?

Is LIC Jeevan Umang a good policy?

The insurance plan is a blessing as it offers coverage for the entire life i.e. for 100 years. 8% of the Sum Assured is paid every year as money back on survival at the end of the policy term. Large Sum Assured available under this plan.

Is Jeevan Labh good policy?

To add to it, the LIC Jeevan Labh Plan offers death as well as maturity benefits with additional profit participation bonus. This plan has been rated high as one of the best-selling endowment plans offered by LIC. Being available to a group age of 8-59 years, this plan offers a host of benefits to the policyholder.

What is Jeevan Lakshya policy?

LIC Jeevan Lakshya Policy is a participating endowment plan which provides both investment and insurance benefits. Since it is a participating plan, bonus benefits will be available. In case of death of the policyholder a regular income is provided to the nominee in addition to a lumpsum at the date of Maturity.

How much money will I get in Jeevan Anand policy?

The sum assured on death of the policyholder is: 125% of the basic sum assured. 10 times the annualized premium subject to a minimum of 105% of the total premiums paid.

What is the benefit of Jeevan Anand?

What is Jeevan Sathi LIC policy?

The LIC Jeevan Saathi Plus is a unit linked plan which entitles a couple to take an insurance cover for their lives with a single policy. This LIC policy allows the couple to pay the premium either in a single premium where the payment will made lump sum or by making regular payments throughout the term of the policy.

Is Jeevan Labh 936 a good policy?

LIC Jeevan Labh (Plan No: 936) is one of the effective life insurance plans offered by the Life Insurance Corporation of India. It is a limited premium paying, non-linked (Not dependent on equity-based funds and money/share market) with-profits endowment plan that comes out with various benefits to serve its clients.

What is better than PPF?

PPF is the most tax friendly 80C investment option since its maturity proceeds are entirely tax free. After PPF, ELSS is one of the most tax friendly 80C investment options. ELSS capital gains of up to Rs 1 lakh in a financial year are tax free. Capital gains in excess of Rs 1 lakh are taxed at 10%.

How much I will get in PPF after 15 years?

Is PPF a good investment in 2021?

If one continues to invest Rs 1.5 lakh/year for another five years, then PPF balance will reach approx. Rs 1 crore in 25 years. This, it is indisputable that PPF is still the Best available investment instrument for reasons stated above.

Which type of SIP is best?

What is the interest rate for LIC policy?

What is the highest FD rate for LIC? LIC Housing Finance term deposit interest rates range between 5.50% and 5.60% for regular citizens. For senior citizens, the interest rates range between 5.75% and 5.85% for a tenure of 18 months to 1 year.

How do LIC agents earn?

There isn't any fix salary from the LIC for the agents. Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.

Is LIC better than RD?

Is Jeevan Akshay a good investment?

Is LIC Jeevan Akshay VI Plan a good policy? Well, the LIC Jeevan Akshay VI Plan is surely a good policy for it comes from one of the most reputed insurance companies of India, LIC. Apart from its credibility, it offers several benefits such as uniform pension plans, lump sum payments, tax deductions, etc.

Is it worth investing in LIC Jeevan Shanti?

LIC Jeevan Shanti allows you to invest one-time for a deferred period of up to 20 years. If you invest Rs 15 lakh, after 20 years, you can earn a pension of approximately Rs 26,000 a month for life. Jeevan Shanti also provides a life cover. The last option is that you invest the money in two mutual funds.

How can I invest 50000 rupees per month?

Which investment is best for monthly income?

How can I double my money?

Which investment is best and safe?

What is the best investment for 1 year?

What is the best way to invest 1 lakh?

Where can I invest for 6 months?

What can I do with 2 lakh rupees?

Which investment is best for short term?

How maturity is calculated in LIC Jeevan Anand?

Is Jeevan Umang guaranteed plan?

Survival benefits : In case the insured survives the policy payment term, then 8% of the sum assured is paid every year as a guaranteed survival benefit. This benefit is paid till the maturity of the plan or the death of the insured, whichever is earlier. Rebates : LIC Jeevan Umang offers two types of rebates.

Is LIC Jeevan Umang a pension plan?

LIC Jeevan Umang gives assured Lifelong Pension at the rate of 8% of Sum Assured, all along covering your life insurance upto 100 years. In case the policyholder survives the policy period, Guaranteed pension starts, which he'll recieve lifelong along with continued insurance cover.

What is the difference between Jeevan Umang 845 and 945?

Jeevan Umang Policy can be surrendered and become eligible for Guaranteed Surrender Value (GSV) if, all due premium for, first 3 years in case of table 845 and first 2 years in case of table 945 are paid. The method of surrender value calculation has been explained after the calculator.

What is plan 836 in LIC?

LIC Jeevan Labh Plan - Table No. 836

LIC Jeevan Labh is a simple endowment plan. You pay premiums for a limited period of time and at the end of the policy term, you will get the Maturity Benefits. In case of death of the policyholder anytime during the policy term, the nominee will get the Death Benefit.

What is the difference between Jeevan Labh 836 and 936?

16 years, 21 years, and 25 years. Consequently, the premium paying terms corresponding to the policy terms are 10 years, 15 years, and 16 years respectively. Enhanced Protection - Both LIC's Jeevan Labh 836 and LIC's Jeevan Labh 936 come with add-on riders against accidental death and disability.