LIC UNIT LINKED POLICY

Advantage of LIC's SIIP over Mutual Fund.

1. LIC's SIIP offers Guaranteed additions., But no Mutual fund plan gives guarantee.

2.LIC's SIIP is 100% Tax free. But in Mutual fund your returns will be liable for TDS (Tax deducted at source, 10% to 15%).

3.In the event of unfortunate death, LIC's SIIP will give 10 times of your annualised premium as insurance claim to your loved ones.

But in Mutual fund only the fund value will be given to nominee.

4.In LIC' SIIP you can claim upto 1.5 lakh as 80 c exemption, but in Mutual fund it is not available except in ELSS schemes.

5.In LIC's SIIP you have switching option from one fund type to another, But in MF no such facility.

6.If we consider past performance, LIC's SIIP has given a growth of over 20% in last 7 months at a time when many Mutual fund schemes are giving negative return.

(on 2nd March 2020:

NAV was 10.

On 30 October 2020: NAV is 12.06).

What more you want from a linked plan.??

Comments

LIC - JEEVAN SHANTI PLAN - LIFE TIME RETIREMENT PLAN

what happens when the policyholder dies within the grace period provided after the due date of paying the premium.

what happens when the policyholder dies within the grace period provided after the due date of paying the premium. Every life insurance company provide a grace period of 30 days for paying the premium after the due date is over. Companies send reminders on SMS and emails to make sure the customer pays their premiums on or before the due date. But if they forget to pay the premiums on time, still they get 30 days of grace period. If premium are not yet paid after the grace period, then the policy is considered to be LAPSED and no death benefits will be given if the death happens after the grace period. Do you get sum assured if death happens during grace period ? And the answer is YES. As per the rules, if the death of the policy holder occurs on the due date of the premium payment or during the grace period, still the policy is valid and the beneficiaries will get the sum assured. But after deducting the the unpaid premium for the current year.

Best LIC plans of 2019

Best LIC Plans of 2019 Life Insurance Corporation (LIC) of India provides a range of Life Insurance plans which are made to serve various requirements of customers. LIC has endowment plans, money back plans, children's plans, single premium plans, annuity (pension) plans, term plans etc. A person can take one, more than one or combination of different policies for the purpose of risk cover, savings, children's education, retirement planning, tax saving etc. Here, three best policies of LIC with their features and benefits are being given; in case of any help, please fill following form to contact a certified insurance advisor to know the complete details of these plans. 1. LIC Jeevan Anand is the most sold plan of LIC for 18 to 50 years age group; it provides risk cover during policy, good return on maturity and post-maturity risk cover. This plan is most suitable for saving, tax planning, and tax free maturity for retirement etc. The most exciting feature of this p...

LIC online plan

Search This Blog