Is LIC money plus policy safe. I'm told that I need to pay Rs.10,000 each for 3 yrs & forget it for 20 years

Question

that is we need not pay after 3 years. after the maturity period we will get around 6 lakhs is it true. I have already paid one term. please help

Answer 1

there is some law that protects the investors like u..... according to that u will get atleast around 2,70,000 if not for what they promise.... so its safe to that extent..... getting 6 lakhs is based on the returns that those guys get by investing ur money (usually in securities).... if 30,000 doesnt make much difference for u then its worth taking the risk.... dont know when its goinu help u.....

Answer 2

If you pay for just 3 years in a ULIP then you are not doing good. Your allocation charges will be minimised only if you pay for more then 10 years in a ULIP.

These agents just missell their product by showing this type of projections.

Also you will have to pay various charges like policy admin charge & fund management charge during 20 year term & those charges will eat much of your investment.

Insurance  is not for investment.

Answer 3

Too good to be true.

For making the most of the mistake you have done continue investing 10000 for the next 20 years. It will give u good returns.

Continue investing. And inform ur friends not to be misguided by agents who talk such nonsence to sell products.

Most importantly LIC doesnt have a great fund management experience as compared to HDFC or TATA or ICICI.

Get in touch for more info on any investment

Answer 4

LIC's Money Plus is a ULIP policy and its returns or based on the market conditions. We cannot predict the exact amount of returns as the market may go up or down.

good luck

[e-mail]

http://www.geocities.com/pnkmurthy/lic.h...

Answer 5

Hi Sus,

I am Rajalakshmi Ganesan from Chennai.

I am an insurance/fin advisor in LIC of India.

My email id is: [e-mail].

U have taken A VERY WISE DECISION to INVEST IN MONEY+!!!

But it seems UR insurance agent has either misguided U or not explained U the complete details.

Indeed in Money+ U have to invest Rs.10000/- p.a., for 20 yrs.

Alternatively U can invest  Rs.10000/- p.a., for 3 yrs and withdraw Rs.10000/- every year (frm 4th Yr) and reinvest for the next 5/10/15 or 20 yrs for MAX RETURNS/MAX FREE INSURANCE!!! If  U  R  interested pls feel free to contact me & request a detailed chart for reinvestment for MONY+!!

May I suggest that U to invest in PROFIT+ or MARKET+ of LIC  which give U total SECURITY & completely  TAXFREE returns.

U can visit my site/group :

http://in.groups.yahoo.com/group/india_i...

for more details about me.

Also feel free to ask me for other details If U are interested.

I shall send U the necessary forms which U can fill &

send to me along with Ur cheque.

I assure U of my fullest & best SERVICE.