Investment Tips: In today’s time, whoever does business or has a job, everyone thinks about investment. In today’s time, there are many options available in the market for investment. There are different schemes according to the needs of the people, different companies have plans, different schemes are being run.
But before investing, people have many questions in their mind. Is it better to invest in LIC policy or PPF or FD? All these schemes have different interest rates. Which place can be better for you in terms of investment? Let’s know.
FD, PPF or LIC which is better?
If we talk about investment then investment is done on the basis of different needs. Many people invest keeping in mind their retirement plan. At the same time many people want to invest as insurance. Many people want good returns so they invest. If we compare LIC, FD and PF. All three have different benefits. But which one is more beneficial. This is decided by the type of investment you want to make.
PF is run by the Government of India, LIC is run by IRDA, while FD facility is provided by banks and non-banking finance companies. If we talk about the interest rate in all these, then in LIC you get an interest rate of 4% to 6%. Whereas in PPF you get 7% interest rate. Whereas in FD you get the highest interest rate of up to 9%. That is, if you want to invest only as an investment, then you will get good returns in FD.
You can withdraw money whenever you need it
In PPF you have to invest for 15 years. After that you get the benefit, however you can withdraw money anytime after 6 years in between. At the same time, you have the exemption of withdrawal in some different types of FDs. And in LIC policy also you can withdraw some money after 3 years if you want.
LIC provides insurance
You get the benefit after the completion of PPF scheme. FD also gives good returns after a period of time. In comparison, you do not get that much return in LIC. However, you get a decent amount of investment. But if the PPF account holder or FD holder dies untimely, then the family members or nominees do not get any extra benefit. But if the LIC policy holder dies untimely, then the nominee or the family members get a good amount as insurance.
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