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People are still taking LIC policies 🫣🫣
But why?

Always keep insurance and investment separate. Do take term insurance and invest money in FD/ MF as per your risk profile.

@sovon kyu ki jeevan ke sath bhi aur jeevan ke bad bhi .

@praful47 Those LIC ulips will make jeevan bad.

Serious question : if we don't pay lic premium, will my family get the insurance money after death ?

Is there any scheme ?

@Ram1 Lic new tech plan. Its online only policy has lower premium than usual policy

@sovon because people don't want stress after death

@praful47 join orindum university. He may have baag for claiming insurance with fake death certificates.

@praful47 limited pay option is there in all companies

@drvirag I'm saying why LIC, like their are helath insurance, term insurance, life insurance from other company, mutual funds, FD. Everything is available. So why choose the old thug LIC?

@sovon I dont trust bank accs. Also family trust LIC A lot. So decided to go with LIC🫠

@sovon because hdfc axis will come and go. You can't guarantee which company will be gud after 10 or 20 yr
lic was yesterday today n will b tomorrow

And i too have my term plan with lic. Its costly. but the main purpose of term plan to get the money after any mishappening.

@drvirag will check this plan

Yes that's may be a point, people trust LIC more than any other brand.

@Ram1

@Rag Fd may be secure option but i dont trust banks man. Personal experience.
May be i will look for banks which provides fd without savings account like in stable money.

Regarding MFs, I'm still learning about. Not getting enough time. Got some suggestions from @fradela bro

@Ram1 fd u cn have in multiple small finance banks upto 5lakh to be safe. Rbi will increase this in few months.
For mutual fund start with index fund on uti website. Then u can diversity 1 large cap 1 flexicap 1 smallcap. Read reviews n watch youtube videos u ll get options in that