Papa has a suitcase full of LIC bonds, I wanted to dig around returns so went LIC office yesterday to get the surrender value quotes. 📈
Read this Mini Thread 🧵 before your family LIC uncle tries to sell you the next policy!
‘Don’t mis insurance with an Investment.’
You can sell anything in India if you can play around emotion and trust, LIC has built a robust network of branch, distributors/agents.
Just check the global and Indian market share of LIC.
Now, Compare the returns with FD, Gold and Mutual Funds and instruments you feel comfortable investing.
Well they say - ‘Zindagi ke Sath bhi, Zindagi ke Bad Bhi.’
Guaranteed poor returns seem missing in the line. ❌
(Important)
They trap you with poor insurance plans while they themselves invest in equities.
Well LIC booked a whopping record ₹37,000 crore profit from share sales in 2020-21, the highest in its 65-year history!
https://t.co/5qfIiWktxN
Be informed about your investment decisions, if you liked reading this thread please consider RT so it reaches more people. 🙏
Happy Investing.💰
https://t.co/wDV9kQWOxN
How to choose a Debit Card? \U0001f4b3\U0001f3e6
— Ravisutanjani Kumar (@Ravisutanjani) July 5, 2021
Why? Because not everyone feels suitable with Credit Cards so what are their options?
We want good rewards, lounge, cashback, free insurance, and premium benefits but how to go with one?
A Thread \U0001f9f5
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