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What is LIC Yearly Premium and Returns Analysis about?

This document compares the return on investment of a life insurance policy versus a savings bank account over 15 years. It shows that the total premium paid into the life insurance policy is Rs. 2011710, and the return received is Rs. 5228000. In contrast, investing the same amount annually into a savings bank account at 8.75% interest yields a total accumulated value of Rs. 4329882 over the same time period.

Author

Anonymous tMo5aY

Language

EN