- Which plan is best in LIC?
- How can I get fd in LIC?
- How can I reduce my lic interest rate?
- Which type of FD is best?
- Is LIC Housing FD safe?
- How many years FD will double in LIC?
- How can I double my money in 5 years?
- How is LIC maturity amount calculated?
- What is lic interest rate?
- What is the average return on LIC?
- Which company gives highest return on fixed deposit?
- Is there any LIC policy for 5 years?
- What is the interest of 1 lakh in SBI?
- Which scheme is best in post office?
- Is insurance better than FD?
- Is LIC a good investment option?
- Why is LIC bad?
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 can I get fd in LIC?
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.
How can I reduce my lic interest rate?
Well, you can easily opt for the LIC HFL Home Loan Balance Transfer Facility at a lower interest rate. This can help reduce monthly repayment amount. Both Salaried and Self-employed individuals can opt for this facility in a hassle-free manner. To opt for this facility, your CIBIL score must be good (700 and above).
Which type of FD is best?
List of 10 best FD schemes for 3 yearsShriram City. … Mahindra Finance. … Sundaram Finance. … LVB. … ICICI Home Finance. … Yes Bank. … ICICI Bank. The annual percentage rate paid by ICICI Bank on FDs opened for a period of 3 years is 6.00% p.a. … HDFC Bank. The rate of interest paid on HDFC Bank FDs for a 3-year tenure is 6.00% p.a.More items…
Is LIC Housing FD safe?
LIC Housing Finance is backed by LIC and hence the deposits are safe. The interest rate offered on the deposits are 7.50 per cent for a period of 1 year and also 7.5 per cent on a 18-month deposit. If you are looking to a 3 and 5 year deposit, the interest rate of 7.6 per cent, which is not bad at all.
How many years FD will double in LIC?
5 YearsLIC Plan 5 Years Double Money Conclusion To earn higher returns in the short term, LIC unit-linked insurance plans can be brought which can fetch returns as much as the double money subject to market risk.
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.
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.
What is lic interest rate?
Interest Rate Range: 5.90% p.a. to 6.00% p.a. Senior Citizens FD Rate: 6.15% to 6.25% p.a. Highest Interest Rate: As per today’s rate, LIC Housing Finance’s highest interest rate on FD is 6.00% offered for a tenure of 5 years.
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%.
Which company gives highest return on fixed deposit?
Top 10 High-paying Interest Rates FD CompanysTop 10 Company FD ratesCompanyCRISIL/ICRA RatingMaximum FD rate(per annum)PNB Housing Finance Ltd.CRISIL FAAA7.35%LIC Housing Finance LtdCRISIL FAAA6.10%HDFC LTDICRA MAAA6.25%4 more rows
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.
What is the interest of 1 lakh in SBI?
Interest rate on SBI savings bank deposits Currently, the interest rate on savings bank deposits on balance up to Rs 1 lakh is 3.5 per cent. On balance above Rs 1 lakh, the interest rate is 3 per cent per annum, which is set at 2.75 per cent below RBI’s Repo Rate, with a minimum of 3 per cent for the entire balance.
Which scheme is best in post office?
Eight post office saving schemes, including fixed deposits, and public provident fund accounts, offer interest rates between 6.6% and 8.3%.Kisan Vikas Patra (KVP) … 15 year Public Provident Fund Account (PPF) … National Savings Certificates (NSC) … Sukanya Samriddhi Accounts. … Senior Citizen Savings Scheme (SCSS)More items…•
Is insurance better than FD?
Comparing between FD and Life Insurance Plan 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.
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.
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.