Hi Manish,
Could you please guide me whether LIC career plan is worth investing?
LIC agent said , it is assured money back policy along with insurance cover.
Plan name: LIC child career plan(184)
Premium Paying Term = 18 Years
The leaflet shows that I will ge getting following amount for SA 5,00,000/=
Money back:
18th year = 5,10,000/-
19th Year = 75000/-
20th Year = 75000/-
21th Year = 75000/-
22nd Year = 75000/-
23rd Year = 3,75000/-
Total premium paid = 4,45,050/= ( for 18 years, each premium 24725 = 4, 45,050)
Money return = 11,85,000/-
I have one year old daughter i am planning to do some investments to help finacially during her higher education after 18 years.
Thanks,
Rajendran