Lic Jeevan Labh vs New jeevan Anand vs Lic Large cap mutual fund | in Tamil | Nivas Narasimhan скачать в хорошем качестве

Lic Jeevan Labh vs New jeevan Anand vs Lic Large cap mutual fund | in Tamil | Nivas Narasimhan

LIC LARGE CAP has delivered a return of 12.87% CAGR return over 20years. Whatsapp to 9994266772 for details. What are the problems with Jeevan Anand or jeevan labh #1 Inadequate Insurance Any insurance product must first provide adequate insurance. For a 30-year old, the annual premium for Rs 50 lacs cover comes out to Rs 2.21 lacs. You can check out LIC Premium calculator on your own. There are two questions that you need to answer. Is Rs 50 lacs enough? Can you afford Rs 2.21 lacs per annum? Whether Rs 50 lacs is enough to take care of your family is something you need to decide. Try out life insurance calculator if you have any doubts. Moreover, you need to see if you can afford such high premium. Your premium affordability does not determine your life insurance requirement. Ideally, you must determine the life insurance cover you need and subsequently purchase a plan that you can afford. Unfortunately, most of us take the opposite route. We pick up a plan first and choose the premium that we can afford and are content with whatever life cover that comes with that premium. Hence, your premium affordability ends up determining your life cover. Sounds stupid, doesn’t it? In fact, that’s how a number of agents start their pitch. “How much do you want to invest?” If you have only Rs 1 lac to invest per annum, you will settle for a lower Sum Assured (life cover) of say Rs 20 lacs. On the other hand, if you had opted for a term cover, a 30-year-old male could have purchased life cover of Rs 1 crore for an annual premium of Rs 7,000-10,000 per annum. The remaining amount can be used for investments. For a young family, you must first get your insurance cover right and then think about investments. #2 Low Returns LIC New Jeevan Anand is a participating plan. You will be fortunate to get returns in the range of 4-6% per annum. Please note the returns are not guaranteed. LIC declares different kind of bonuses every year and these keep getting added to the maturity value. I wouldn’t go deep into mathematical analysis. For the same, you can go through this post. Say No to Traditional Life Insurance Plans. PPF currently offers 8% per annum. A mix of term insurance and PPF investments will give better insurance coverage and returns. The cost structure of traditional plans is opaque. These are like a black box. Difficult to assess the methodology used to declare bonuses. #3 Exit is difficult If you want to exit the plan for any reason, you will have to pay a heavy penalty, at least in the initial years. In fact, if you surrender after paying the premium for two years, you won’t get anything back. In the third year, you would get only 30% of the premiums paid and accrued bonuses back. If you have paid premium for at least 3 years, you can make the policy paid up. If you have a traditional life insurance plan and are not sure what to do, go through this post. Life Insurance: Continue or Surrender or Paid-up #4 Marketing Gimmicks Offering 125% of Basic Sum Assured is a pure marketing gimmick. So, if the Basic Sum Assured is Rs 50 lacs, LIC will pay the beneficiary at least Rs 62.5 lacs in the event of death during the policy term. Bonuses will be extra. Please note payment of bonuses will be linked to Basic Sum Assured only. After the expiry of the policy term, the beneficiary gets only Basic Sum Assured in the event of the death of the policyholder. Such small things make for an excellent sales pitch. You are paying a premium for Rs 50 lacs and getting cover for Rs 62.5 lacs. Risk underwriting teams are smart enough to price the product accordingly. so avoid Lic policies or private insurance policies and invest in Term insurance and mutual funds. #jeevanlabh #newjeevananand #Lic #jeevananand #lictamil #jeevanlabntamil #jeevananandtamil #jeevanlabhintamil #jeevananandintamil #licjeevanlabhintamil #licnewjeevananandintamil