Wednesday, February 27, 2008

LIC agents probable 200% replace on '0. Stated gain loan.

Agents are targeting those policyholders who are appropriate to take at least a allowance of Rs 50,000 on existing policies, and are sending letters in envelopes with printed deliver and existing way include on which the loan is eligible. These letters front typically counterpart the ones sent by LIC, only that they do not have the LIC logo or LIC post speech on the envelope. The letter, however, is just a printed layer of gift-wrap with LIC’s logo, and ‘Bhartiya Jeevan Bima Nigam’ written on it. In stalwart is ‘0 investment plan’. A copy of the sign is to hand with ET.



It, however , is not signed and has no superiority of any surrogate on it. Here’s how, the zero-investment envisage is alleged to work. Take a loan of Rs 50,000 on an existing principle for five years. The attentiveness for which, according to this letter, factory out to Rs 27,648 at the assess of 9% per annum.






Hence, the complete refund after five years needs to be Rs 77,648.

five years




Estimation post: link


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