Hi friends,
Can anyone tell me on an average how much LIC gives bonus(or rate of interest)...i know there are many schemes...but on an average how much.
I have a query since I d not have a LIC policy and I need to invest Rs 1 lakh for Tax savings.
Instead of investing in money back or jeevan anand whatever....can i do a pure keyman policy like ANMOL JEEVAN of Rs 5 lakhs..it will cost me Rs 1500 yearly (and yes this money is neither returnable nor any bonus paid)
I'm seeing that pure keyman policy gives high sum assured compared to other policies which give 1.25 or twice sum assured at max
The money I hand I can invest in NSC/F.D of 5 years/PPF
I do not wish to go for Tax savings mutual funds or market policies
Here the interest factor of LIC vs NSC/PPF etc will come handy.
If LIC gives 5% bonus and NSC/PPF gives 8% interest then for Rs 1 lakh I save Rs 3000. (But 1500 goes in ANMOL JEEVAL)
kindly advise
Can anyone tell me on an average how much LIC gives bonus(or rate of interest)...i know there are many schemes...but on an average how much.
I have a query since I d not have a LIC policy and I need to invest Rs 1 lakh for Tax savings.
Instead of investing in money back or jeevan anand whatever....can i do a pure keyman policy like ANMOL JEEVAN of Rs 5 lakhs..it will cost me Rs 1500 yearly (and yes this money is neither returnable nor any bonus paid)
I'm seeing that pure keyman policy gives high sum assured compared to other policies which give 1.25 or twice sum assured at max
The money I hand I can invest in NSC/F.D of 5 years/PPF
I do not wish to go for Tax savings mutual funds or market policies
Here the interest factor of LIC vs NSC/PPF etc will come handy.
If LIC gives 5% bonus and NSC/PPF gives 8% interest then for Rs 1 lakh I save Rs 3000. (But 1500 goes in ANMOL JEEVAL)
kindly advise
