Which is better FD or LIC?
Which is better FD or LIC?
Fixed deposits are best for both short- and medium-term investments whereas life insurance plans are designed for long term investments. You can invest for a period of as low as 7 days in fixed deposits unlike a life insurance plan wherein you need to invest for at least 10 years. You can invest a minimum amount of Rs.
What is best LIC or PPF?
Comparing the two investments would result in drastic differences. While LIC policies serve the purpose of insurance, a PPF serves the purpose of savings. … PPF VS LIC. Points LIC PPF Scheme Insurance Investment Purpose Risk Protection Savings Risk Safe Safest Target audience Caters to those who have dependents Caters to everyone 4 more rows
How much home loan can I get on 20000 salary?
How Much Home Loan Can I Get? Net Monthly Income (₹) Loan Amount (₹) ₹ 20,000 ₹ 10,36,246 ₹ 25,000 ₹ 13,73,026 ₹ 30,000 ₹ 17,09,806 ₹ 35,000 ₹ 20,46,586 2 more rows
Can we withdraw LIC policy after 5 years?
If 5 years have passed after you purchased your LIC policy, you are eligible for policy withdrawal. However, keep in mind that currently, the facility of surrendering LIC policy is not available online. So, it would be best if you surrendered the LIC policy through the service branch of LIC.
How do you calculate surrender value?
The paid-up value is calculated as original sum assured multiplied by the quotient of the number of paid premiums and number of payable premiums. On discontinuing a policy, you get special surrender value, which is calculated as the sum of paid-up value and total bonus multiplied by surrender value factor. Apr 26, 2021
