How can I surrender my LIC Mutual Fund?

How can I surrender my LIC Mutual Fund?

Procedure to surrender and close your LIC ULIP.

  1. Original life insurance policy document.
  2. Original premium payment receipts.
  3. Latest unit balance statement (you get this by post after each premium payment).
  4. Download this surrender request letter, fill-in your specific details, and print a copy.

Which is better MF or LIC?

Life insurance is less risky in comparison to mutual funds. However, it offers guaranteed death benefits. Mutual funds are market-linked investments, and hence are highly volatile. LIC schemes offer low returns.

Does LIC sell mutual funds?

LIC Mutual Fund was established on April 20th, 1989 by the Life Insurance Corporation (LIC) of India. This elevates LIC Mutual Funds as the most preferred Investment Manager amongst other investor fraternities. …

What are 3 mutual fund benefits?

The top benefits of mutual funds.

  • Diversification at every dollar level.
  • Sharing of investment expenses.
  • Economies of scale and operational efficiencies.
  • Easier to invest in specialized market sectors.
  • Easy to access and track.
  • Simplified portfolio management.
  • Access to professional money managers.
  • Low trading costs.

Is LIC Mutual Fund Safe?

LIC Mutual Fund is one of the most trusted mutual fund companies in India and has gained trust of customers over the years.

Is LIC Mutual Fund taxable?

When you invest in LIC MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income.

What are the features of LIC mutual fund?

The main features of LIC Mutual Fund which make it an ideal option for investment are: Life Insurance Corporation has garnered the trust of many investors ever since the beginning of time. Hence, the mutual funds offered by the corporation come with a certain trust.

Is it a good idea to invest in LIC?

LIC offers life insurance policies. Do not mistake it for investments. The real purpose of life insurance policies it to safeguard the interests of your financial dependents on your death.

Do you invest in LIC, SIP or mutual fund?

When it comes to investment avenues, investors are spoilt for choice. There are various avenues which cater to the different investment strategies which investors have. Among the leading avenues, investors are often confused about investing in LIC, SIPs and mutual funds.

Is there any way to buy LIC mutual fund online?

During this time, our online services will not be available. We sincerely regret the inconvenience caused. Regards, Team LICMF Toll Free No 1800 258 5678 Login Quick Purchase