Is FD In LIC Housing Finance Safe?

What is the highest FD rate of interest?

FD Rates by Top Banks – A ComparisonHighest FD Rates** (p.a.)Bank/Tenure1 yearYES Bank6.75%7.25%ICICI Bank5.00%5.50%HDFC Bank5.10%5.60%16 more rows•May 11, 2020.

What is lic interest rate?

LIC Fixed Deposit (FD) … FD Tenure: Ranges between 18 months to 5 years. Interest Rate Range: 5.50% p.a. to 5.60% p.a. Senior Citizens FD Rate: 5.75% to 5.85% p.a. Highest Interest Rate: As per today’s rate, LIC Housing Finance’s highest interest rate on FD is 5.60% offered for a tenure of 5 years.

How many years FD will double in LIC?

5 YearsLIC Plan 5 Years Double Money.

Is LIC Jeevan Anand a good policy?

If you are searching for an endowment plan that provides the advantages of an entire life policy then LIC Jeevan Anand is one of the best choices to go for. The Jeevan Anand policy offers bonus facility.

Which LIC plan gives maximum returns?

LIC Plans with Highest Return. LIC offers a wide range of life insurance policies designed to provide higher returns. The following plans by LIC provide you with the maximum benefits – Jeevan Akshay VI, New Children’s Money Back Plan, New Endowment Plan, New Money Back Plan- 20 years.

Is LIC HFL assistant a government job?

It is not a pure government company and not a purely private company. Its founder, promoter & controller is Life Insurance Corporation Of INDIA (100℅ GOVT. OF INDIA ORGANISATION). In LIC HFL currently, 40.31 ℅ shareholdings controlling stake of its parent company LIC OF INDIA.

Is LIC Housing Finance a government company?

LIC HFL is a subsidiary company of LIC. LIC HFL Company since 1989….LIC Housing Finance.TypePublicProductsHome loans and Mortgage loansNumber of employees2,103ParentLife Insurance Corporation of IndiaSubsidiariesLIC HFL Care Homes Limited LIC HFL Financial Services Limited LIC HFL Asset Management Company Private Limited8 more rows

Which plan is best in LIC?

More videos on YouTubeLIC PlansType of PlanPolicy Term (in years)LIC New Children’s money-back PlanTraditional money-back Child Plan25 years – Age at EntryLIC New Jeevan AnandEndowment Plan15 – 35LIC Jeevan UmangWhole Life + Endowment Plan100 – Age at EntrLIC Jeevan LabhEndowment Plan16/21/252 more rows

How good is Jeevan Labh plan?

LIC Jeevan Labh offers a comprehensive life insurance cover. To add to it, the LIC Jeevan Labh Plan offers death as well as maturity benefits with additional profit participation bonus. This plan has been rated high as one of the best-selling endowment plans offered by LIC.

Which bank FD rate is high 2020?

Fixed Deposit Interest Rates 2020BanksFD Interest RatesTenureHDFC3.00% – 6.25%7 days to 10 yearsPNB Housing Finance7.20% – 8.00%12 months to 120 monthsICICI Bank3.25% – 6.25%7 days to 10 yearsAxis Bank3.50% – 6.75%7 days to 10 years3 more rows

Which is better SBI or LIC Home Loan?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of LIC Housing Finance Home Loan is 6.90%, which is lower than the lowest interest rate of SBI at 6.95% and hence, LIC Housing Finance is offering a cheaper loan option.

Is LIC better than FD?

Thinking of short and long term investments, FDs are better. Life insurance plan are suitable only as long term investment options. The minimum period of investment in a life insurance plan is about 10 years. The minimum amount that you can deposit in a FD plan is Rs.

What is Housing Finance FD?

PNB Housing Finance FD offers a number of benefits to investors such as higher returns, flexible tenure, lower minimum deposit limit, and loan against FD facility, among others. When it comes to the FD interest rate, the highest rate offered on PNB Housing Finance FD is 6.70%.

Is Big Bazaar FD safe?

The new Companies Act, 2013 has to some extent made CFD’s much safer under the Companies (Acceptance of Deposits) Rules, 2013. … While the bank FDs are insured up to Rs 1 lakh ( including principal and interest), the company FDs are insured up to Rs 20,000.

Is LIC is government or private?

Life Insurance Corporation of India (abbreviated as LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India.

How can I open fixed deposit in LIC Housing Finance?

Supporting Documents Required In Order to Open a Fixed Deposit Account with LIC Housing Finance Ltd.The application form duly filled out.Identity proof (PAN card)Address proof.KYC documents.

Which govt bank is best for fixed deposit?

Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs. 2 croreName of BankFor General Citizens (p.a)For Senior Citizens (p.a)Axis Bank2.50% to 5.50%2.50% to 6.60%Bank of Baroda2.90% to 5.30%3.40% to 6.30%IDFC Bank3.00% to 7.00%4.00% to 7.50%Bank of India3.25% to 5.25%3.75% to 5.75%6 more rows