If any one wants to be fooled regarding the life insurance, please contact LIC. They have the best plans to make fool of the people.
Their agents would never suggest any Insurance plan as per the client’s requirement. They would only tell the client that LIC is a govt company and the money is safe. They never advise the clients on the actual basis. This plan is also no exception.
There are other plans available with other Life Insurance Companies as well. Check with them as well. Do not just go for the govt company tag.
All Insurance companies are governed by IRDA (the regulator) and LIC is also no exception.