Amid dwindling interest rates, LIC of India launches new plan with guaranteed tax-free return

For a 30-year old individual opting for Rs 10 lakh Basic Sum Assured for a policy term of 15 years, the IRR would be 7.215%, which is equivalent to over 10.31% taxable FD interest.

from The Financial Express https://ift.tt/3uiot6Z
https://ift.tt/eA8V8J Amitava Chakrabarty