Is ELSS a better investment than LIC?

There is no doubt that an ELSS Mutual Fund is much better than an insurance policy. Let me cite the two major reasons here:

  1. Insurance policies that mix investment with them are much more expensive. The commissions and expenses are quite high resulting in a lower net return rate.
  2. ELSS has only 3 year liquidity where as many insurance policies have higher locking. Surrendering the policy is not easy and you lose to costs.

Read more:

http://www.jama.co.in/investment-and-insurance/
http://www.jama.co.in/how-to-invest-in-elss/
http://www.jama.co.in/ulips-vs-mutual-funds/

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