2007-02-14 05:40:04 · 11 answers · asked by jhon 1 in Business & Finance ➔ Insurance
There is no LIC policy that offers the best return on investment. Plus, its not an investment in the first place. It's an insurance contract.
Why? First, you don't own it, the insurance company does. They just like to say you own it because you can borrow it. Second, the insurance company keeps your investments when you die. Third, if you surrender the policy, you pay surrender charges that comes out of your investments.
So if you are looking to invest, consider mutual funds that are inside a tax-deferred accounts (if they even offer these in India).
2007-02-14 07:24:11 · answer #1 · answered by Anonymous · 4⤊ 0⤋
Lic Investments
2016-12-11 15:08:00 · answer #2 · answered by scutt 4 · 0⤊ 0⤋
Insurance especially LIC is the WORST investement. Take a term policy for 10 lakhs for max period. Premium may be around 1500 per year depending on ur age. Dont listen to insurance agents especially LIC agents words. They say the best one for themselves not for ur self.
u didnt mention ur age and financial background. If U mentioned I would have advised very clearly.
If u want tax benefits invest in ELSS. nothing but mfs.
Ur savings should be like this (if u r at 30 years)
Insurance - 2%
shares(if u have an idea) - 25-50%
mutual funds/ELSS - 30-50%
NSC/PPF - 10-20%
chit funds - 10-20%
U have to seperately invest in real estate ie plot or flat
ALL THE BEST
2007-02-15 06:36:24 · answer #3 · answered by abcdefg 5 · 0⤊ 0⤋
Insurance and Investment are two opposites. LIC policy may help you save tax but is a bad investment.
2007-02-14 06:26:11 · answer #4 · answered by Sari 2 · 0⤊ 0⤋
As gvh & sari say, the insurance is not a good investment.....but you can opt for 30 year term of Endowment Plan, as return shall be maximum in 30 Years time.....if you are young enough....you can also opt for Unit linked policy....
But the best is pay 15% towards Life insurance (no returns, only insurance, approx 1000 p.a. for a 100000 insurance) and invest rest in Good Mutual Funds (SBI-MGTS93), or PPF account for better returns and safe life of your loved ones.
2007-02-14 06:59:04 · answer #5 · answered by Sunjeev SHARMA 2 · 0⤊ 0⤋
Life insurance is not an investment, it is an expense for you and a windfall for someone when you die. Don't let anybody tell you it is. Buy ONLY term insurance for who ever. Then invest in the total stock market mustual fund @ Vanguard. If your company has a 401K do that first....No insurance agent can get you the best return on your investment.
2007-02-14 06:00:29 · answer #6 · answered by gvh 3 · 0⤊ 0⤋
Life Insurance means life covering benefits in any accident.
It is not give best return . It is the investment for once family life secure and also money will return with nominal interest.
For best return go life link super policy in icici Prudential company.
2007-02-14 15:27:35 · answer #7 · answered by indra k 2 · 0⤊ 0⤋
No.
Yes, L.I.C. is well known for a safe investment + fair income.
If you want best returns you can choose some good company which will give good returns
eg. DSP merril Lynch
TVS Group Sundaram Finance
etc
2007-02-16 16:45:56 · answer #8 · answered by Indian wizard 2 · 0⤊ 0⤋
All insurance companies link and other important links at http://www.india-links.1freehost.net .You can check details of policies offered on their sites
2007-02-14 22:21:03 · answer #9 · answered by Anonymous · 1⤊ 0⤋
market plus
2007-02-15 16:28:27 · answer #10 · answered by @"..n"..i"..L 2 · 0⤊ 0⤋