Which policy is better LIC or PLI?
Table of Contents
Which policy is better LIC or PLI?
In terms of premiums, LIC has a higher rate of a premium compared to PLI. Many PLI plans offer a bonus which is quite high. Many LIC plans also offer bonus. However, the bonus rate is low compared to PLI plans.
Which is the best LIC endowment plan?
The LIC Jeevan Labh policy gives maturity and death benefits with an extra profit participation bonus. This policy has been highly rated as among the best-selling endowment policies given by LIC. It is meant for a group of 8-59 years. This policy provides a plethora of benefits to the insured.
Is Jeevan Labh 936 a good policy?
LIC Jeevan Labh (Plan No: 936) is one of the effective life insurance plans offered by the Life Insurance Corporation of India. It also provides financial support to the family the needful in case of insured’s miserable demise. People from the age group of 8-59 years can take advantage of this plan.
What is the rate of interest in LIC policy?
LIC Interest Rate Comparison
| Particulars | LIC | HDFC Bank |
|---|---|---|
| Interest Rate | Starting from 9\% | 10.75\% to 21.30\% |
| Tenure | 6 to 60 months | 12 to 60 months |
| Loan amount | Up to 90\% of the policy’s surrender value | Up to Rs. 15 lakh |
| Processing Fee | NIL | Up to 2.50\% of the loan amount |
Which is the best LIC endowment plan Quora?
Anyways, LIC has various types of endowment schemes. The one which is the most suitable and popular to almost everyone is Jeevan Labh endowment scheme. This scheme has 3 different premium paying terms viz 10 years, 15 years and 16 years. Also it gets matured on 16th, 21 stand 25th year respectively.
What is LIC Jeevan Labh interest rate?
2.17 lakhs (4\% interest) or Rs. 3.41 lakhs (8\% interest) as death benefit. The interest rates are subject to company policies.
Is Jeevan Labh endowment plan?
LIC Jeevan Labh is a simple endowment plan. You pay premiums for a limited period of time and at the end of the policy term, you will get the Maturity Benefits. LIC Jeevan Labh Policy is a traditional, non-linked, with-profits plan offering investment and insurance benefits.