LIC की Policy कभी मत लेना 😰😰 | #shorts #lic

So, you may receive low returns on LIC (Life Insurance Corporation of India) plans when they mature as compared to what you can receive under FDs and PPFs. So, looking at the inflation rate, LIC plans might not be able to cover you well. However, if you have other investments/savings along with LIC, you may be able to ensure enough protection. #lic #lifeinsurancecorporation #insurance If you buy a LIC policy, you are buying both insurance and an investment plan. Financial planners strongly recommend that you should never mix insurance with investment. Insurance is purely a risk management exercise. Q1. What are LIC Investments? Ans- When we say LIC investments we refer to money back or endowment policies from LIC. These policies have both an insurance and investment component. They pay a specific amount on death of the policy holder and also on maturity which may be after the policy term of 10, 15 , 20 years or till a certain age limit. Q2. Is LIC a Good Investment? Ans- Insurance is best taken care of by buying a term insurance which is a pure risk cover. Thumb rules suggest that you require an insurance cover which is at least 10 times your annual income and term insurance is the only way to get such a cover. For as little as Rs 15,000 or even lesser you can get a Rs 1 crore term insurance cover. An endowment plan which provides a 1 crore cover would be too expensive to afford. What is a Smart Investment then? Ans- Instead, the money you save by buying a term policy which gives you a much higher cover, can be invested through a monthly SIP in the diversified equity fund. Mutual fund returns are subject to marker risks but over a longer period they have a potential to give you much higher returns in the range of 10-12 per cent. Is LIC a government company or private? Ans- Being a government-owned corporation, LIC operates under the ownership and control of the Government of India. The President of India acts as the corporation's nominal head, and the Government of India appoints the Chairman and Managing Director of LIC. Conclusion Hence buying a term policy and investing the rest in an equity mutual fund is a much smarter financial choice than investing in LIC policies alone. Both ELSS, and Life Insurance Cover are part of Tax Saving Options for an investment up to Rs. 1,50,000 per year. Refer Best Income Tax Saving Investment Options in India. For More Tax Related information i should recommend you to watch - Labour Law Advisor‪@LabourLawAdvisor‬( LLA ) videos on Tax Saving. (They had many videos on this topic with detailed analysis) Video is presented by Aman Arya. If you have any complaint against My Channel, Then feel free to mail me on this Email id [email protected] DISCLAIMER: The video is made solely for educational purposes and is not created with an intent to harm, injure or defame any person, body of persons, association, company or anyone. Aman Arya and the producers do not take responsibility for any direct, indirect, implied, punitive, special, incidental, or other consequential damages arising directly or indirectly on account of any actions taken based on the video. #Shorts #AmanArya Follow me or contact me on 🤝. Instagram -   / aman_aryan__   Twitter -   / idofaman   JAI HIND JAI BHARAT.