One of my relatives invested ₹462 every month in LIC from 2006, and he’s going to get ₹1.5 lakhs this year at maturity after investing for 20 years.
That’s a CAGR of around 2.98%, which is less than half of inflation. If he had invested in an FD, he would get ₹2.41L, and in a mutual fund (12% return), he would get ₹4.75L.
LIC policies only make their agents and employees richer, not the investors. Even its stock has given just 0.34% returns in the last 3.5 years.
Stay away from any friend or relative selling you LIC policies because they know the reality, and if they’re still selling them to you, they are greedy snakes and don’t have your best interests in mind.
@socialepfo I have raised a claim-BGBNG240750093488 for PF advance https://t.co/khLLcArASB is reject d saying.SUBMIT THE AADHAR BASED PHYSICAL CLAIM FORM 31 ALONG WITH BANK DETAILS OF THE AGENCY.This is not expected in online process.Can you help me ?