LIC new 10% guaranteed income plan

[hellobois]

Keep all the details of new LIC plan here.
LIC has recently came up with new plan which offers 10% guaranteed income for life.
Please update all the details here.
Thanks 😊👍

 

[Slayer]

Keep all the details of new LIC plan here.
LIC has recently came up with new plan which offers 10% guaranteed income for life.
Please update all the details here.
Thanks 😊👍

Best bull run LIC promoters could ever think of (by introducing this plan)

 

[sm9811911]

Useless as other LIc guaranteed plans. Just strong marketing. IRR would be around 5% -6%.
Suggest to avoid. Instead take mf and term insurance.
Only for hni it may make some sense with 10D tax benefits but they have to convince themselves government will not tax this in the future.

 

[sankar7000]

Useless as other LIc guaranteed plans. Just strong marketing. IRR would be around 5% -6%.
Suggest to avoid. Instead take mf and term insurance.
Only for hni it may make some sense with 10D tax benefits but they have to convince themselves government will not tax this in the future.

Did anyone get LIC bonus for 2021-2022 and 2022-2023?

 

[hellobois]

More details -
Invest for 10 years and get 10% per year of the accumulated amount for next 30 years.
Ex - invest 100000 for 10 years
Total - 1000000 and get 100000 per year from 11th year.
Bullshit plan. AVOID.
Not even good for Tax saving 😕😔
Better to get ELSS fund for tax saving

 

[Deleted member 9785]

returns are guaranteed for LIC and agent

 

[Nishan11]

Not worth it. It's better to invest in mutual fund.

 

[ank_sh1]

No offence to anyone who has invested in LIC, but I personally believe that LIC is the worst investment tool for young India. I read it somewhere: if you want to be rich with LIC, be an agent not an investor.

 

[Slayer]

I read it somewhere: if you want to be rich with LIC, be an agent not an investor.

That's true since the last 30-40 years, my grandfather had made more monies in commission than his job as a professor

 

[ank_sh1]

Well, I also missed another point: not even stock investors make money with LIC. I sold my IPO allotment shares at ~20% down value.