Unlike mutual funds, the expense ratio determined by the regulatory authorities for traditional plans is quite high. Added to this a hefty commission given to insurance agents also eats into the premium paid………
Category: Insurance
Is LIC of India Policy Still a Good Option?
If you are looking to buy a pure insurance product, LIC is comparable to other insurance companies. If you are looking for endowment, money back, etc (a policy which provides a return on the premium paid, on maturity), the story changes completely………….