- How is LIC maturity amount calculated?
- What is the average return on LIC?
- Is LIC better than FD?
- Is Jeevan Labh good policy?
- Is there any LIC policy for 5 years?
- Which LIC plan is best for child?
- Which is the best LIC policy for 10 years?
- Is LIC good for investment?
- Which is better LIC or sip?
- Is LIC in profit or loss?
- What is lic interest rate?
- Which is better LIC or post office?
- Which is the best pension plan in LIC?
- Is LIC Jeevan Anand a good investment?
- Is FD in LIC Housing Finance safe?
How is LIC maturity amount calculated?
Loan Availability – Acts as an LIC loan calculator; you can then decide how much loan on LIC policy you can avail.
Paid-up Value- This is calculated by multiplying the sum assured with the ratio of the number of premiums paid to the number of premiums payable..
What is the average return on LIC?
The average return on investment for LIC over a period of ten years between 2005-2006 and 2014-2015 has been 6.7%. The average return on a ten-year bond has been 7.9%. The difference between the two returns is 120 basis points. In fact, the average rate of inflation between 2005-2006 and 2014-2015 was 8.85%.
Is LIC better than FD?
Comparing between FD and Life Insurance Plan Thinking of short and long term investments, FDs are better. Life insurance plan are suitable only as long term investment options. The minimum period of investment in a life insurance plan is about 10 years. The minimum amount that you can deposit in a FD plan is Rs.
Is Jeevan Labh good policy?
LIC Jeevan Labh is a non-linked, limited premium paying, with-profits endowment life insurance plan. … 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.
Is there any LIC policy for 5 years?
Jeevan Mangal Plan by LIC is a term insurance plan which can be brought for a term of 5 years only through the single premium payment option that pays returns in the form of a premium on the maturity of the plan.
Which LIC plan is best for child?
The premium under the LIC child plan is to be paid for a limited term only….LIC Jeevan Tarun.MinimumMaximumPolicy Term25 years – the entry age of the childSum AssuredRs.1 lakhNo limitAnnual Premium AmountRs.24, 000No limitPremium Payment Term10 years, 5 years or (term – 5) years3 more rows
Which is the best LIC policy for 10 years?
Best LIC PlansLIC PoliciesPlan TypePolicy TermLIC Tech Term PlanTerm Assurance Plan10-40 yearsLIC Jeevan UmangWhole Life Insurance100 years minus(-) the age at entryLIC Jeevan AmarTerm Assurance Plan10 years-40 yearsLIC Money Back 25 yearsMoney Back Policy25 years1 more row•Nov 12, 2020
Is LIC good for 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 is better LIC or sip?
LIC, SIP and mutual funds – the bottom line Advise them to, first, aim for financial security by investing in a life insurance plan and then they can plan their investments. … If, however, they want to invest in mutual funds, SIPs are the best way to go about it.
Is LIC in profit or loss?
LIC has booked a profit of Rs 13,000 crore from equity operation and is still a net investor of Rs 28,000 crore in the market.”
What is lic interest rate?
LIC Fixed Deposit Features. … FD Tenure: Ranges between 18 months to 5 years. Interest Rate Range: 5.50% p.a. to 5.60% p.a. Senior Citizens FD Rate: 5.75% to 5.85% p.a. Highest Interest Rate: As per today’s rate, LIC Housing Finance’s highest interest rate on FD is 5.60% offered for a tenure of 5 years.
Which is better LIC or post office?
You have to pay the comparatively higher premium for LIC. You can purchase the policies only from the post offices. The policies can be purchased either through the agents or by visiting the LIC office. The company has recently introduced online term plans and pension plans.
Which is the best pension plan in LIC?
LIC Pension Plan: Pradhan Mantri Vaya Vandana Yojana. This LIC pension plan designed for senior citizens that offer assured a return of 8% per annum payable monthly (equivalent to 8.3% per annum) for 10 years. … LIC Pension Plan: New Jeevan Nidhi. … LIC Pension Plan: Jeevan Shanti.
Is LIC Jeevan Anand a good investment?
A combination of term plan and PPF gives you all the tax benefits of a traditional insurance plan. Moreover, the combination will provide you better life cover and investment returns. I do not deny I have a bias against these traditional insurance plans such as LIC New Jeevan Anand.
Is FD in LIC Housing Finance safe?
The LIC HFL FD is rated as a stable and safe investment to make by CRISIL. This means that the investment is a highly stable one that offers guaranteed returns. The interest rates offered on LIC fixed deposits are very competitive and offers a higher rate of return when compared to your average savings account.