Is There Any Fixed Deposit Scheme In LIC?

Which is better LIC or fixed deposit?

Fixed deposit is considered as a better investment option as it is exclusively designed for your investment as well as saving needs.

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.

1,000..

What is Monthly Income Scheme in Post Office?

The Post Office Monthly Income Scheme (MIS) is a low-risk investment scheme offering steady income and, hence, is suited for conservative investors and senior citizens. It is one of the small savings investment schemes wherein you can start investing with a minimal amount of Rs 1000.

Which scheme is best for monthly income?

6 Best Monthly Income Schemes In IndiaFixed Deposit. Undoubtedly one of the best and most low-risk income schemes is a bank Fixed Deposit (FD). … Post Office Monthly Income Scheme (POMIS) … Long-term Government Bond. … Corporate Deposits. … SWP from Mutual Funds. … Senior Citizen Saving Scheme.

Is LIC fixed deposit safe?

The LIC HFL FD is rated as a stable and safe investment to make by CRISIL. This means that the investment is a highly stable one that offers guaranteed returns.

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. … Hence, women borrowers should definitely evaluate SBI.

Is LIC good investment?

Is LIC Plan a good investment? Yes, LIC offers best life insurance plans. If you are looking for investment and protection option under one product, you can consider Endowment or Unit Linked Investment Plan (ULIP) as per your risk appetite and financial objectives.

Which is the best bank for FD?

FD Rates by Top Banks – A ComparisonHighest FD Rates** (p.a.)Bank/Tenure1 year5 yearsYES Bank6.75%7.25%ICICI Bank5.00%5.85%HDFC Bank5.10%5.80%16 more rows•May 11, 2020

How many years FD will double in LIC?

5 YearsLIC Plan 5 Years Double Money.

How can I get fixed deposit in LIC Housing Finance?

FD Account Opening Process at LIC Housing Finance After this, you have to fill the deposit amount and select ‘Senior Citizen’ option if you are above 60. You have to choose the tenure of deposit and interest payout frequency.

Is there any monthly income scheme in LIC?

This scheme can be purchased offline as well as online from LIC. Life Insurance Corporation of India (LIC) has launched Pradhan Mantri Vaya Vandana Yojana (PMVVY). … The pension scheme offers a guaranteed monthly income of up to Rs 10,000 for 10 years, according to LIC.

How can I double my money in 5 years?

How the Rule Works. To use the Rule of 72, divide the number 72 by an investment’s expected annual return. The result is the number of years it will take, roughly, to double your money.

Is there any LIC policy for 5 years?

Jeevan Mangal Plan by LIC is a term insurance plan which can be brought for a term of 5 years only through the single premium payment option that pays returns in the form of a premium on the maturity of the plan.

Which pension plan is best in LIC?

LIC offers a number of pension plans such as Life Akshay, Jeevan Shanti, New Jeevan Nidhi, and Pradhan Mantri Vaya Vandana Yojana….The following are considered the top pension plans in India at present.LIC Jeevan Akshay VI plan.LIC Jeevan Nidhi Plan.HDFC Life Click2Retire Plan.Reliance Smart Pension Plan.