I have invested in LIC Wealth Plus recently.
I would like to know the difference between single premium and 3 years premium other than the allocation charges. During the plan starting, each unit value is 10 rupees for both single premium and 3 years premium.
Will they allot the same 10 rupee per unit during the 2nd and 3rd year premium? or will they allot units depending on the NAV that year?
What else are the differences in choosing single and 3 years premium?