No risk investment secure investment option ( LIC)

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Today, the Life Insurance Corporation of India (LIC), which comes under the purview of the Central Government, has been operating in our country since 1956. LIC plans have reached households today. Formerly LIC and PostOptions are available for investment. At the beginning of his career, for the first time, he was asked to take out a LIC policy. The LIC policy was then drawn upon the advice of a close friend or relative or with the right amount. LIC's money will not sink under any circumstances as new policies are issued every four to five years, in the belief that traditional insurance plans are still being sold in large numbers. 
Being unaware of which policy to take as an investment, the person closest to you is fully informed about the plan that feels good. Believed in it and invested for a long time. Even today, due to the high level of financial illiteracy among the general public, these schemes are being sold in large numbers in the spirit of LIC. People who have now paid out their policies by paying installments for 25-30 years have got a refund of 5 to 6 percent. This return is very small. At the end of the term of this plan, it was noticed that where your inflation has gone up by 8%, your money has gone up by 6%. This matter was noticed after receiving the money after 25 years by paying the installment. Those who are currently investing in such a traditional scheme will get a return of 3 to 5 percent. This is because the money deposited with LIC through this scheme is invested in government securities. Earlier, interest rates on government bonds ranged from 8% to 9%, but now they have come down to 5% to 6%. Only insurance should be taken from life insurance.
 Even today people are not told that you should take risk term insurance there. It is rumored that you do not get paid in this scheme, so you cannot take big insurance or invest in the above scheme. Investing in this place is like crossing a long distance like Mumbai with a bullock cart like the above examples. If you want effective financial planning for your life, you should choose a good consultant. Necessary items like insurance take things in stride and try not to focus too much on the problem.




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