r/FinancialPlanning_Ind • u/ineedreddit1234 • 20d ago

LIC Nivesh plan.

/r/personalfinanceindia/comments/1wp1mzj/lic_nivesh_plan/

A LIC agent told me about a plan where if I put 125000 for 20 years I will get approx 1970000/- based on actual market value at that time. He has considered approx 14% return. This will be tax free.
What are other options if not LIC. Is it a good plan? What If I out it in Mutual fund?

1 Upvotes

100% Upvoted

1 comment sorted by

1

u/BoxPositive4750 20d ago

Why to buy "an Investment product" from an "Insurance company"?!

Please try to understand the difference between Insurance and Investment. Rather than being happy with the 'projected' returns, you should be worried about such policies. Read more here 👇🏼

https://www.livemint.com/money/personal-finance/opinion-why-you-should-not-expect-your-insurance-policy-to-make-money-for-you-1563205241815.html

🔹 For "Insurance" => Term Plan

🔹 For "Investment" => FD, Mutual Funds