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LIC Money Back Plan

Guys need some advice. Is the LIC Money Back Plan good for investment?

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TallTales69

Unemployed

a year ago

Bad idea. Insurance companies are not investment companies. Never mix insurance and investments. Suboptimal returns and suboptimal coverage. Worst of both worlds.
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SealTeam

Stealth

a year ago

Thank You for your time and feedback
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yourwealthmanager

Stealth

a year ago

Insurance should never be used as an investment avenue. Guy a plain insurance policy and Start an SIP with the balance premium you'd have paid for money back.
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SealTeam

Stealth

a year ago

Thank You for your time and feedback
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Indusplateau

Stealth

a year ago

Sabse bada fraud scheme hai
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SealTeam

Stealth

a year ago

Thank You for your time and feedback
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Indusplateau

Stealth

a year ago

Paise dube hai issiliye Chila Chila ke bata rahe hai.. Best hai simple term plan. Aur health insurance for family with floater. Dont mix investment and insurance plans. Keep it simple, silly and seperate
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ErringMortal

Student

a year ago

Go for Term Insurance instead, it is the true insurance, pay far less premium. And for Investments start SIP in some good MFs. This way you separate Investment and Insurance :)
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SealTeam

Stealth

a year ago

Thank You for your time and feedback
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ExcitedQuest

Government

a year ago

Never. It is just offered by license agent for taking hafety commission. Please go for term insurance for proper life insurance
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SealTeam

Stealth

a year ago

Thank You for your time and feedback
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Sandy89

Stealth

a year ago

Insurance and investment are different . Why are you even interested in this thing ? Take pure Term insurance and invest the money in MF even tax saver MF will help you beat these shit products from money back and endowment policies. Never treat insurance as investment , would advice to look at articles on websites freefincal by prof pathhu and Basunivesh blogs you will have clear idea of these policies and how they miss sell
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SealTeam

Stealth

a year ago

Thank You for your time and feedback
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AngryEye45

Freelancer

a year ago

No.
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SealTeam

Stealth

a year ago

Thank You for your time and feedback
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