Guys need some advice. Is the LIC Money Back Plan good for investment?
Bad idea.
Insurance companies are not investment companies.
Never mix insurance and investments. Suboptimal returns and suboptimal coverage. Worst of both worlds.
Thank You for your time and feedback
Sabse bada fraud scheme hai
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 :)
Thank You for your time and feedback
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
Thank You for your time and feedback
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