FAQ: Insurance Cum Investment Plan (2)
Please use the Find feature of your browser to look for specific items of interest.What are Insurance cum Investment Plans?
Insurance cum Investment Plans are life insurance plans that provide a small amount of life insurance cover and invest the rest of the premiums to give a return in single digits.
⬆️ Back to topShould parents invest in LIC Amritbaal policy for their children?
The LIC Amritbaal policy is not a good plan. This plan insures the life of the child which is not needed and the return offered is a poor 5.56%-6.22%. PPF, Sukanya Samridhhi, and mutual funds offer better returns. Instead of the child, parents should insure themselves via a term plan.
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