- How much do LIC agents earn?
- Which LIC plan is best for child?
- How many years FD will double in LIC?
- Is LIC a good investment option?
- Which is better sip or LIC?
- What are the benefits of LIC?
- How is LIC maturity amount calculated?
- Which is the best LIC policy for investment?
- What is the average return on LIC?
- Is there any LIC policy for 5 years?
- Is Jeevan Labh good policy?
- Which LIC plan gives maximum returns?
- Why is LIC bad?
- Is LIC a loss?
- Is LIC safe now?
How much do LIC agents earn?
Career as a LIC agent is considered one of the highest paid profession in the country.
Top performers in LIC are earning nearly 3 to 4 Crores per year.
LIC agent can earn unlimited since there is no specified salary.
They get a commission from the policy they sell and they can earn more than their capacity..
Which LIC plan is best for child?
Best LIC Policy for ChildLIC Children Money Back Plan. LIC Child Money Back Plan is a traditional, participating money-back insurance policy which pays the benefit in important times/ages of the child to ensure the child receives the required finance for higher education and marriage. … LIC Jeevan Tarun.
How many years FD will double in LIC?
5 YearsLIC Plan 5 Years Double Money.
Is LIC a good investment option?
Insurance policies are best investment option for protection and 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 better sip or LIC?
LIC, SIP and mutual funds – the bottom line Advise them to, first, aim for financial security by investing in a life insurance plan and then they can plan their investments. … If, however, they want to invest in mutual funds, SIPs are the best way to go about it.
What are the benefits of LIC?
LIC Whole Life Insurance Plan This policy provides yearly survival benefits from the end of the premium paying term until maturity. Additionally, it pays out a lump sum amount at the time of maturity or on the demise of the life assured during the policy period.
How is LIC maturity amount calculated?
Maturity benefit would be equal to the Sum Assured + Bonus Amounts which have been received throughout the policy term + any Final Addition Bonus if declared. Now whenever the death of the policyholder happens (even after the policy term), the nominee will additionally get the Sum Assured amount as the Death Benefit.
Which is the best LIC policy for investment?
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
What is the average return on LIC?
The average return on investment for LIC over a period of ten years between 2005-2006 and 2014-2015 has been 6.7%. The average return on a ten-year bond has been 7.9%. The difference between the two returns is 120 basis points. In fact, the average rate of inflation between 2005-2006 and 2014-2015 was 8.85%.
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.
Is Jeevan Labh good policy?
LIC Jeevan Labh is a non-linked, limited premium paying, with-profits endowment life insurance plan. … This plan has been rated high as one of the best-selling endowment plans offered by LIC. Being available to a group age of 8-59 years, this plan offers a host of benefits to the policyholder.
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.
Why is LIC bad?
The problems with LIC is that it provides sub-optimal returns to the government, its shareholders, and to policyholders. To be sure, LIC will remain India’s largest life insurance company for at least this decade. It has a market share 66.24 per cent in total first-year premiums and 74.71 per cent in new policies.
Is LIC a loss?
Life Insurance Corporation of India (LIC) has suffered a notional loss of around Rs 1.9 lakh crore in the past two-and-a half months, according to a report in Business Standard. … This holding is currently valued at Rs 4.14 lakh crore, a drop of 31 percent.
Is LIC safe now?
Refuting claims of its weak financial position, national insurer Life Insurance Corporation (LIC) on Wednesday assured its millions of policyholders that their money is safe and secure as its “financial health is sound. ‘