LIC Bima Diamond is a non-linked, with-profit, limited premium payment money back life insurance plan. This first line itself is a caveat enough for many suspecting investors. LIC has launched the plan marking completion of 60 years of existence of LIC. The plan will be offered for a limited period up to July 31, 2017. I have reviewed many plans from LIC before and have … [Read more...] about Avoid LIC Bima Diamond plan
I have reviewed many traditional plans in this blog. The conclusion was same in all the cases that the plans were strictly avoidable. In this post, I will review LIC New Endowment Plan (814) and see how it fares against a simple combination of term plan and Public Provident Fund (PPF). LIC New Endowment Plan (Plan no. 814) is a traditional participating non-linked life … [Read more...] about What’s wrong with LIC New Endowment Plan?
Regular readers of this blog already know I am not a big fan of traditional life insurance plans. I make it a point to express my dislike towards traditional life insurance plans in one way or the other. And I have fairly strong reasons. Though I have written against traditional plans many times before, I have stayed away from reviewing specific insurance products until now. … [Read more...] about Stay away from LIC New Jeevan Anand