Suggest some excellent long term insurance plans in LIC which can create a substantial corpus at end maturity?

The plan can be one which can either act as a pension policy or would give some good returns. Also suggest that should i go for life cover or without cover. Suggest a safe yet better return plan

6 Replies to “Suggest some excellent long term insurance plans in LIC which can create a substantial corpus at end maturity?”

  1. Hi

    In India there is no good insurance plan till date. You will have to wait for another 2 years for a good insurance plan. All investments plans are sold by paying high commission rates to agents.

    You will get better returns from Banks by making Fixed Deposits. IN case stock markets interest you then invest in mutual funds. LIC mutual fund or stock market operations are no better then others. But LIC etc have higher commission rates.

    The pension plans are not clear till date. The clarity will start emerging after 2 years.

  2. as such no pension policy is good . better you close the account before maturity or the said term and reinvest in better plans

  3. Dear Sir, There are plans in LIC to cater for your need. But blind advice leads to failure of purpose. Go for Hole Life Endowment, Life time Pension type etc. If you are at chennai get clarification in 9443232203

  4. It is not clear whether you want only investment or risk cover. If you are looking for long term investments (at least 3-5 years) consider investing in some good diversified equity Mutual funds. SIP is the best instrument. For risk cover you may consider Term Insurance, which are very cheaper. Term Insurance does not have a maturity value.

    If you are looking for some returns from your insurance you may consider taking LIC’s Jeevan Saral plan. It is a very flexible plan.

    Have a nice day !

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