Which is better SIP or LIC?

From an investment perspective: a good SIP makes money for you, likely in the double digit percentages over long a period.. An LIC life insurance policy will yield in low single digit percentages (almost similar to a bank deposit) and make money for the insurer.

From a protection of family perspective only (not as investments), an LIC policy is good only if its a term life policy.

Maxiom Wealth — Free Tool

How Much Will Your SIP Grow to?

Use our free SIP calculator to project your wealth at 5, 10, or 20 years. Small monthly amounts compound into life-changing wealth — but only if you start early enough.

Try the SIP Calculator → Talk to a Financial Advisor

Leave a Reply

Your email address will not be published. Required fields are marked *