LIC Investment Myth: Earning ₹6,500 per month on investment of ₹1 lakh? Know the whole truth of this claim viral on social media

Lucknow. Life Insurance Corporation of India (LIC) has been another name of trust for Indian families for decades. But in recent times, such a claim is becoming increasingly viral on the internet and social media, which is giving golden dreams to the investors. It is being claimed that by depositing just ₹ 1 lakh in a special scheme of LIC, you can earn a fixed income of ₹ 6,500 every month. Let’s take a closer look at this claim in Amar Ujala’s reporter style and know what the reality is. Mathematics of the claim: Is 78% return on ₹ 1 lakh possible? If we analyze this claim, ₹ 6,500 monthly income means that you will get a return of ₹ 78,000 in a year. Getting ₹78,000 on an investment of ₹1 lakh means an annual return of 78%. According to economic experts and the rules of financial institutions, it is practically impossible for any regulated institution in India to give such high returns. See for comparison: Bank FD: 6% to 7.5% PPF: 7.1%LIC Pension Schemes: 5% to 7.5% (approx) The truth is that the claim of ₹ 6,500 monthly income on an investment of ₹ 1 lakh is completely misleading and wrong. Real State of LIC Pension Plans LIC actually operates many excellent pension plans (Annuity Plans), but their rates of returns are based on the real market: LIC Jeevan Akshay and Saral Pension: These are schemes where you can get pension throughout your life by depositing a lump sum. If you invest ₹ 1 lakh in these, you can get a pension of ₹ 500 to ₹ 700 per month, depending on your age. Pradhan Mantri Vaya Vandana Yojana (PMVVY): This government scheme for senior citizens gives an annual return of about 7.4%. Here, on an investment of ₹ 1 lakh, you get about ₹ 617 monthly pension. How to avoid misleading advertisements? People are often lured through ‘clickbait’ headlines on the internet. In such a situation, investors should keep these 4 things in mind: Official Verification: Before investing money in any scheme, check the information on LIC’s official website www.licindia.in. Agent Verification: Talk about the policy only through an authorized LIC agent or by visiting the branch directly. Terms and Conditions: Read the documents carefully before signing in the name of ‘Guaranteed Income’. Abnormal Returns: If a scheme offers 10 times the return from the bank or post office. If it promises high returns, then understand that it may be fake. Why is it still wise to invest in LIC? Even if you do not get ₹ 6,500 per month on ₹ 1 lakh, but investing in LIC has its own solid advantages: Government Guarantee: LIC is backed by the government, due to which your principal remains completely safe. Tax exemption: Under Section 80C, tax benefits are available on investment and the amount received on maturity. Life Cover: Along with investment. The family also gets the protection of life insurance, which is less common in other savings plans.