Why experts don’t recommend LIC now?

POSTED BY niki ON April 13, 2014 3:20 pm COMMENTS (2)

I see channels like CNBC, NDTV profit etc. Recently I have seen  experts don’t recommend LIC  now. Why is that?

They recommend term insurance now.

2 replies on this article “Why experts don’t recommend LIC now?”

  1. ashalanshu says:

    Dear Niki, if it’s raining outside, w’d you purchase an umbrella covering only few inches of head but offered to payback amount later on, if no rain, another umbrella covering your head only but again offering some money back for no rain and then another umbrella covering your whole body but no money back in case no rain happens?

    Please inform me your choice.

    Thanks

    Ashal

  2. Viren Phansalkar says:

    The reason is in the difference between endowment plan and term plan.
    The difference between investment and insurance.

    Suppose I say, get insured as per your liabilities, what would you do? Go for endowment plans or term plans?

    Note: I am not saying one is better than other. The answer lies in your needs. If you are comfortable paying huge sum for insurance, then the endowment plans are for you. If not, get term plan. It is not the product, it is you.

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