LIC Jeevan Labh - Suggestion
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my parents planning to start sukanya samridh yojana(ssy) for my girl child(their grand child) ..
but my lic advisor advised to pay Lic Jeevan labh..
suppose for ssy:
yearly 36000*14= 5l we are paying
getting 18l averagely on 21 years
for lic jeevan labh:
yearly 36000*16 = 5.5l we are paying
getting same 18l averagely on 25years
if any death:
ssy we need to wait child 21 years
for lic child will get some benifit immediately and we can do fd for her furture..
please suggest which one is best to go..
please note: my parents planning their grand children’s future so we are calculating..
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Avoid LIC. Better invest in Sukanya Yojna in any bank. It’s really great scheme.
Your advisor is recommending you to buy LIC because they get fat commission in it. They get 25% for the first year’s premium and then 7.5% to 5% recurring commission.
how do u know this?
all endowment policies are not that good as projected plus imo lic is even bad in terms of returns
Never mix investment with insurance Invest in ppf or sukanya samriddhi.
Never mix investment with insurance Invest in ppf or sukanya samriddhi.
Never mix investment with insurance Invest in ppf or sukanya samriddhi.
Never mix investment with insurance Invest in ppf or sukanya samriddhi.
ssa is best investment , stay away from lic, end of lifecycle reached by lic.
What is the investment scheme with SSA (Sarva Shiksha Abhiyan)?
Go with what your parents were originally thinking..
Labh in lic n others is mainly for their agents.. not investors..
Lic 
@rogerthat