Some agents of LIC are advertising that invest 1 Lac and get 30 Lac after 20 years?



Are these schemes true or pl. suggest some other schemes on long term basis which are paying

Some agents of LIC are advertising that invest 1 Lac and get 30 Lac after 20 years?
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5 Replies to “Some agents of LIC are advertising that invest 1 Lac and get 30 Lac after 20 years?”

  1. yes mr. kumar
    f u r interested there are plans where u invest only 50000/- once and get upto thirty lacs within one year
    interested?



  2. kc intli……..are you joking or serious.
    investing 50 000 and return 30 lakhs in one year..
    sorry kumar, i am not answering you. .


  3. did u read the *conditions apply part????
    it is projected based on an assumption that the investment WILL deliver some % return
    It is not guaranteed, if you read carefully there will be a clause stating u may lose your capital too!!!
    be wise, dont go with claims like this
    research and then invest


  4. If you will invest in PPF, 1 Lac will become 5.6 Lac in 20 years.(considering 9% return).

    So your money is not going to be invested in any money market instrument to get a return of 30 Lac. So they will invest it in Equity.

    to get 30 L after 20 Years, return should be 18.6%, which is entirely possible by equity investment.

    Year Return Amount
    118.6118.6
    218.6140.6596
    318.6166.8222856
    418.6197.8512307
    518.6234.6515596
    618.6278.2967497
    718.6330.0599452
    818.6391.451095
    918.6464.2609986
    1018.6550.6135444
    1118.6653.0276637
    1218.6774.4908091
    1318.6918.5460996
    1418.61089.395674
    1518.61292.023269
    1618.61532.339598
    1718.61817.354763
    1818.62155.382749
    1918.62556.28394
    2018.63031.752753

    But my only problem with these insurance companies about their ULIP products is their charges. They charge too much in initial years & regularly also so they will eat most of your return.

    My calculation says that due to LIC charges, You will get around 13-15 Lac, even if fund NAV increase by 18.6 %.





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