LIC Money Back Plan

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

14mo ago

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SwirlyTaco

Stealth14mo

Bad idea.

Insurance companies are not investment companies.

Never mix insurance and investments. Suboptimal returns and suboptimal coverage. Worst of both worlds.

ZestyNoodle

Stealth14mo

Thank You for your time and feedback

JumpyHamster

Stealth14mo

Sabse bada fraud scheme hai

ZestyNoodle

Stealth14mo

Thank You for your time and feedback

JumpyHamster

Stealth14mo

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

JazzyRaccoon

Stealth14mo

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.

ZestyNoodle

Stealth14mo

Thank You for your time and feedback

DerpyPenguin

Student14mo

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 :)

ZestyNoodle

Stealth14mo

Thank You for your time and feedback

BouncyCoconut

Stealth14mo

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

ZestyNoodle

Stealth14mo

Thank You for your time and feedback

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