After investing in LIC for few years, now I am feeling that people are being fooled by the agents. This review is purely for some products which are very popular in market e.g. Komal Jeevan. The day we have kids, we decide to go for some investment for his future, however we end up paying money from our pocket for small returns.
For KOMAL JEEVAN - here are some basic figures for a person(30 Years) and Kid(0-yrs)
S.A 5, 00, 000 Yearly prm 36, 857 Total Prm 6, 63, 426 Maturing Benefits On 18th Year 1, 00, 000 On 20th year 1, 00, 000 On 22nd year 1, 50, 000 On 24th Year 1, 50, 000 On 26h Year 9, 75, 000 Total amount 13, 75, 000+ LA
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Overall you can see that the returns are just double of your invested amount, whereas if you invest the same amount in any MF, the corpus can grow substatially.
Surrender Value(in case required)- forget about it. Its a big loss for individuals.
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Its a request to all individuals to think on all aspects before fall into the LIC-Trap.