Table of Contents
Is LIC policy 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 Jeevan Umang a pension plan?
LIC Jeevan Umang is a traditional, non-linked with-profit plan whole life assurance plan. It is a whole life insurance plan that offers survival benefit at the end of the premium paying term, a lump sum amount on the completion of the policy term or on the death of the policy holder during the policy period.
What is the best LIC policy for good returns?
LIC Plans with Highest Return. LIC offers a wide range of life insurance policies designed to provide higher returns. The following plans by LIC provide you with the maximum benefits – Jeevan Amar, New Children’s Money Back Plan, New Endowment Plan, New Money Back Plan- 20 years, and New Jeevan Anand Plan.
Which is best LIC Mutual Fund?
The fund house offers a wide Range of Mutual Fund schemes in the Market. Investors can choose from options like Equity Funds, Debt fund, Liquid Funds, Hybrid Fund, etc….3. LIC MF Large Cap Fund.
LIC MF Large Cap Fund Growth | |
---|---|
Launch Date | 3 Feb 99 |
Category | Equity – Large Cap |
AMC | LIC Mutual Fund Asset Mgmt Co Ltd |
Rating | ☆☆ |
Is there any LIC plan in the name of magic plan?
There is no such LIC plan in the name of Magic Plan or Retire and Enjoy. It is a combination of a series of plans with a long term extending up to the age of 55-60 till 75 years age. The younger you are the longer is the term and the maturity looks more attractive.
What is your review of retirelic retire and enjoy (magic plan)?
LIC Retire and Enjoy (Magic Plan) exists and it is good. It is a combination of 20+ endowment policies. It is designed in such a way that after certain period like 17 years from starting, every year one policy will mature. You start getting maturity returns like pension. I bought Retire & Enjoy in 2005 when i joined my first job out of college.
What is an LIC retire and enjoy plan?
It is the bundle of an LIC plans with different maturity period. So by selling a single Retire and Enjoy, an agent may complete his/her yearly minimum business requirement. But what about the person who bought this plan for his retirement? Let us first list down the things we need to consider before planning for retirement.
What do you think about MagicMagic ULIP policy?
Magic plan is a combination of different policies bunched together. It is developed by Software programmers. Offering around 3 times returns is absolutely wrong .There is no truth in it.. if it is ULIP policy then it depends on share market. LIC image is tarnished by such agents .After reading this approach him again and discuss.