Jeevan Utsav LIC Plan 2023 | New Best Plan from LIC | Returns Calculator | Every Paisa Matters

Jeevan Utsav LIC Plan 2023 | New Best Plan from LIC | Returns Calculator | In this video we have calculated returns which are better than LIC Jeevan Utsav Policy 2023 in Hindi | New LIC जीवन उत्सव प्लान 871
The Excel Calculator will help you in guiding how you can yourself generate better returns this LIC Jeevan Utsav Guaranteed Lifetime Income Plan

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If we haven’t yet before - Hey 👋 An Engineer by education and a financial enthusiast by passion – I'm Amit, founder, managing editor and primary author of Every Paisa Matters. Through my videos here on this channel, I provide the financial knowledge in an easy-to-understand format make money matters simpler for you.

#lifeinsurance #Plan871 #jeevanutsav #जीवनउत्सव #प्लान871
#Insurance #LifeInsurance #lic #insurance

[pravinbhanudasjagtap]

Insurance is a protection against emergency. Hope all readers n watchers understand. In case of death after 1 year also LIC will pay 10 lakh₹. That's not case with other banks. Roi is also not sure as LIC said guaranteed.

[rahuldwivedi]

आपका मतलब है कि एक बार policy लेकर निष्फिकर होने की बजाय

बार बार कुछ साल बाद यहां वहां परेशान होएं, रूपयों की गणना करें, tax काटें, जोड़े, घटाएं इत्यादि। मस्त plan बताया आपने।

[aeybeerocks]

I'm an Insurance Agent... I Appreciate n not Hate such a detailed work & kudos to your hard work... but... firstly who is soo systematic about investment they want/need simplified version of every investment possible secondly in this calculation there are too many (too many) assumptions & less guarantee...

[knowledgevardaan]

No doubt your video is informative sir, But...
There are some issues you must highlight when you are comparing both Bank vs LIC.
1- What if a person dies in Initial years.?
2- What if the same person not that sound financially that his/her family may be looked after easily even if he/she expires early.?
3- What is the guarantee that the same ROI 7%(which is generally not even today) will be available even after 10 years when the consitent decline in ROI is evident, mostly all know that there was a time when ROI was even more than 12%?
4- What is the guarantee that banks maturity amount won't be taxed in future, meanwhile It really matters when a brand like LIC mention word "GUARANTEED".

I appreciate your hard work, but request you to please keep things same as they are/could be.
Your analysis is good, but please also keep that in mind that when someone likes the Shirt, there is someone who like T Shirt, it doesn't mean T Shirt is bad.
i hope u won't mind, rather will understand.
🙏

[bimawalepankajbhai]

Sir, aapne bahut achche se samjhaya h but kya aap RD/FD aur annual income interest jo rakha h usse kya mujhe puri jindagi ye income aayegi.. Plz video ke liye galat information se misguide na kare..

[anishbhardwaj]

How come you are sure that the banks will give 7% FD after 10 years... Seeing the global scenario the developed economies have max 2% bank interest...

[vikeng]

As per your calculation people in higher tax bracket will get more guarantee income from this scheme compared to your scheme. Anyways very good explanation. Finally its LIC so you can expect only 5 - 6 percent returns.

[tusharkuwar]

here one point is not mentioned, it is flexi plan, after you wait period 10% of corpus you get as pension but you can choose to not take it or partially take it(This declaration should be maid prior), on remaining amount you get 5.5% interest, tax free. FD interest are taxable.
Other things like death cover is also provided.
So, do complete analysis, As our country grows fd rate will not be 7 it will come down in later years.

[Naveenable]

Hi Sir,
Great comparison, one concern that i can think of are the interest rates on RDs /FDs, Based on the historical pattern it may seem like these instruments are giving less interests decade over decade.
Do you think we can include the time varying interest rates in your excel calculations to simulate a real world scenario ?

[advisorsubhankarroy]

In near future rate of interest will not increase, rather its going down by the trend. if we look back 30yrs ego, the bank interest rate was 12 to 14%, but now we are getting only 6.50 to 7% only and as per this trends after 10 to 20 yrs, the ROI will may 2 to 4% So, considering these are the facts for long run, LIC JEEVAN UTSAV is far better than BANK FD & RD.
Want to add more like risk & 30% tax adjusted returns will be more attractive than any investments. And also this plan is giving normal & accidental & disability coverage from day one. So my dear friends before taking any decision where to invest your hard earn money please consider those above mentioned facts & featurs.

[saytokunal]

Ppf account me monthly same amount daal lo interest bhi jyada milega and tax bhi nahi lagega

[VinayKumar-obzy]

Today investors only problem is they compare investments plan with insurance plans. Bhai aankhe Kholo aur Samjo ki investment or insurance hai kya

[kalyanisenapati]

Bhai mere jab 10 saal ke andar interest rate 9% se 6% hogaya toh agla 10 saal me 6% aur agar 10 saal me 3% Nehi to savings ka interest rate 2.8% milega. Aur udhar LIC guaranteed income de raha he.

[amrutlalksolanki]

I understand that Now a days LIC declare Investment plan but not originally Insurance plan, guaranteed meaning not insurance but investment returns only

[rameshkumar-uyjr]

Excellent explanation sir but lic Insurance will secure the family, bank will not secure the family incase of early death happens right na. ...so pls don't compare with lic when you don't know, wt is Insurance and why we need to take saving plan with Insurance....

Your explanation is like don't buy car insurance, just save money when accidental happens that time you can utilize that
Just you started savings, immediately accident happen then what you will do...
Insurance must required with all the valuable things or investment...pls don't mind....

[ayushbhardwaj]

We can do this with Max Life Plan also? Commenting again on your video, you are critical about most of the LIC plans, when similar plans even worse are available available in the market.

[ramnareshrocky]

13 varsh bad rate of interest kya hoga.?. Kya jeevan bhar 144000 milega.?. Pahle din death hoti to kya.?

[suryaprakash]

Better do sip in nifty and take term policy.

[sanjaygorasiya]

I have seen many negative comments but either you believe or regret after you miss your valuable time of investment.

Best thing is: Take term plan and secure your family and remaining amount put in mutual fund.

[gauridamani]

You have to give extra attention in your money management... + Whenever your age go up you want a peaceful return .in your data .. Risk of interest rate involves...