what is the difference between LIC market plus and LIC market plus I ?



My agent is constantly telling me to switch my previous investment in LIC market plus to market plus I in order to increase my profit. Should I do that?

2 Replies to “what is the difference between LIC market plus and LIC market plus I ?”

  1. I think the difference between these two can be told only by the agent.
    One simple logical thing – NEVER EVER MIX YOUR INSURANCE WITH INVESTMENT in products like these.
    These products have heavy charges and very large premium. Simply avoid.
    Go for pure term plan( cheapest) and rest of the money, you can put in zero entry load MF.
    Its that simple.
    And if you think MF is risky, why in the hell LIC has invested thousand crores in share market.
    As per your agent, its simple that he wants double commission from you. One from earlier policy and now from this policy.
    Please use your common-sense.


  2. As far as I know, there is nothing called switching from previous market plus to market plus 1.
    Presently there is only one market plus 1, which is closing on 31.8.10. I would suggest you continue with the old one to get maximum benefit out of this policy.





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