Thread by @Kiran24Rajput

🔥LIC’s Jeevan Labh Plan, Table No. 936🔥

How a middle-class individual benefited, if he separates ‘Protection & Insurance’ from Jeevan Labh Plan, Table No. 936.

Detail Thread 👇👇

Y'day, I received a call from LIC’s well trained ‘Inside Sales Team’. The objective was to sell me a ‘Jeevan Labh Plan’.

Let me share with u plan details, FYI, I have recorded the whole conversation so that, later LIC should not sue me for wrong data presentation if any..

LIC Execute & his Senior Colleague Proposed 1 Lac pa premium with the following benefits:

** Pay 1 lac annually for 16 years
** The policy takes another 10 yrs to mature
** On 26th yr you get guaranteed money of 54 Lacs
....

** Other Free Benefits ~
- Medical Policy (8 lacs, for 16 yrs, covered for 5 members) or Term (73 Lacs)
- LIC Credit Card
- RCC Membership (Referal Bonus)
- 10% Discount on Premiums

In Brief 👇

v continue & I requested sr colleague to separate Protection & Insurance, he said y?
Here is my explanation:

I will buy Term for 1 Cr at 25K pa.

Balance 75K pa, let’s assume, I invest in multi-cap MF.

My returns at mere 12% CAGR, SIP 6,250 (75K/12 mths), 16 yrs is 37 Lacs.

I will now keep that 37 Lacs for another 10 years in the same Multicap Fund.

On 26th year, I will have *1.2 crore*

Now, you can question me, what guarantee you give these funds give 12% returns, I found the data for 22 years, shared by a fellow twitterite (data not validated), so 12% is no rocket science:

Thus, separating insurance & protection, the beneficial to an individual are 👇

Imagine, if I increase CAGR to 14% or 16%, the returns shoot up super high…

...don’t you feel, we middle class deserve to earn more? Answer yourself, get good education on investments, we should not be the victims of Insurance Companies Sales Targets.

Hi @NileshShah68 , Request u to go through above thread, I feel each middle class indvl deserve to earn more. I educate every mth few and my thread may reach out, to few 100s only. U have ability to communicate to millions of ignorant & innocent middle-class individuals ...

...
who buys Endowment Policy as an investment. Why don’t you educate them?

What’s in for you?

Your AUM Super Grow? Not really. What you earn is blessings from those millions of innocent & honest individuals.

@KalpenParekh @npparikh6 @MFSahiHai

I will end this thread remembering the philosophy & principles towards ‘Middle-class’ by Late Mr. Parag Parikh:

** He always desired to make money for the middle class
** He always looked for an opportunity to enable middle class to invest into the stock market.. ..

End

I am tagging you, not for follower count, rather to educate innocent & ignorant Indvls.
@dmuthuk @BaluGorade