Single premium plan is major choice of 70%
population and the reason behind this is tension free investment.Mostly in
regular premium policies sometimes customer facing financial crisis and unable
to pay premium on time and as a result premium keep on increasing and as well
late fine also increasing continuously,which comes policy lapsed as a
result,but in single premium policy this problem never comes,because you have
to invest one time amount in policy and sit back rest for the period you have choose
and after completation of policy term you will receive a good returns.
Many people also thinking that LIC or other
insurance companies one time plan is not provide good returns,but its totally
false.LIC single premium plans provide you insurance cover as well as tax
benefit and also good maturity returns, but in same if you invest amount one
time in bank FD or PPF or any other place,than you don’t have any tax benefit
as well as you don’t have any benefit of insurance cover.
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