This is a very bad this that most of the people do as when you are buying the lic plans the sell tell lot of good things about it they tell the benifit of it but they donot tell the disadvantage of the LIC. the disadvantage is that they donot give us the money they tell
As my mom did the LIC plan of 50 thousand but they are giving only 28 thousand they give 7 thousand two times in between but when giving the money the had not tell that this 7 thousand will be cut from the money which we are investing. And in the end they are giving 28 thousand out of 50 thousand including 5000 bones. the plan was of 12 years I will recommend that instead of investing on LIC just deposit 500 Rs in bank per month and withdraw it when you need.
