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Q.

Please tell me, LIC Money plus will gain 36 lakhs in 20 years with the investment of just 10000 each for 3 years?

Tags: years, lakhs, investment
06 Apr '07 08:29 pm
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Answers (9)

1.

As per sensex and market it may be or not be 36 lakhs in20 years.
Answered by asmita mishra, 03 Feb '10 03:15 pm

 
  
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2.

Dear sir
please kindly as on current money plus value...
Answered by mahendran mahendran, 24 Jun '09 04:29 pm

 
  
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3.

It is not sure , this policy totely depands on market.
Answered by Suman Saharan, 07 May '08 01:43 pm

 
  
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4.

This was just an illustration of 25% returns on the invested amt. If we go with all charges including FMC,Admin and Mortality also entry load, the returns at 25% comes down to 11lakh or so. FMC is the charge that eats our profits. In this case HDFCSL have the minimum.
Answered by T Mahesh, 08 Aug '07 11:53 pm

 
  
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5.

What is the nav of money plus today
Answered by maksud madraswale, 20 Jul '07 02:31 pm

 
  
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6.

Hope u are fine.

You should take ICICI Prudential Life Insurance Company's ULIP Plan (Mutual Fund based). There you will get better returns alongwith Tax benefit and Insurance. Here you can pay only for three years and can take plan for 20-30 years according to your age or as u wish. If you want to pay for long, you can pay and if not then pay only for three years.

After three years you can withdraw, partly withdraw and can run the plan for a long way.

ICICI is the AAA rating company and have given returns 68% in the last year for your deposits and average 38% for the last six years since inception. ICICI is the number one private Insurance Company.

If you will compare this with others like LIC there you will find lot of expenses and investment is very low in comparison to ICICI.
...more
Answered by Satyavir Singh, 07 Apr '07 11:25 am

 
  
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7.

IF ur money grows at an annual rate of 28.6% for the next year then u would get 36 Lakhs. I am certain that such return cannot be met by LIC for such a long duration. A lot of wrong information and selling is being done by quoting such absurd figures. Beware!

This is V Sridhar here a Specialist in Financial Planning.
Answered by sridhar veta, 07 Apr '07 12:23 am

 
  
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8.

It purely depends on share market .It can even grow more than that .In the broucher it is showing the past performence of 3 years only of other policies. You can update what is the unit rate by login in website WWW.LICINDIA.com then go for NAV rates.
Answered by radhe g, 06 Apr '07 08:42 pm

 
  
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9.

Hi, LIC doesn't claim this. This is a calculation only from the agents of LIC based upon assumptions (regarding share market growth). It has very low percentage to actully happen. No agent can give any policy holder IN WRITING.
Answered by Mohd Aijaz, 06 Apr '07 08:42 pm

 
  
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