Investment in Lic is batter then fixed deposit (fD) and saving Acount (sb)-
Comprasion of FD and Lic
- If you want toinvest in fd you need a big amount at a time for fixed time in return you get an expected amount only at a fixed time.
- FD provides only 2.5% to 5% compound intrest (CI) on your fixed amount. It provides lon upto 90% - 95% on fixed amount.
- It can be break also within FD period.
- Lic providing single premium endovment plan on CI 5% to 9% as well as life coverage equal to invested amount.
- Lone facility is also available upto 95%
- Policy can be surrendered at any time during policy term period also. Recovery amount depends upon how long did the policy last.
- Single premium pension plan is also available where monthly quarterly hafly yearly pension mode are available. Lic providing many more such types of policy.
Comprasion of Sb and Lic
- Saving account provides freedom of deposit & withdrawal 24*7 to costummer under T&C
- Fi you deposit mony in Sb in return of you get 4% compound interest (CI) as current intrest(2022) rate
- If you gose to Lic, it provides different kinds of investment plan for a certain time.
- Here you can invest small or big premium monthly quarterly halfye yearly for certain time it's depends upon selected plan and duration.
- If you buy a policy, just after paying 1st premium life will be assured by sumassure an after certain time maturity amount also provided. i.e saving with life coverage .
- Lic can be surrendere at any time after complited two year of policy recovery amount depends upon how long did the policy last.
- Lone facility is available on every plan upto 95% on pade premium.





Sugest me a policy
ReplyDeleteMy age -35
Achha hai
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