Life Insurance Corporation or LIC serves as a leading company in India that offers various investment options and solutions for individuals. With different annuity plans, the company helps deliver a steady flow of income which can help individuals fulfill their other obligations like EMI payments. Moreover, the positive growth rate, favourable business operations, and robust share price are essential indicators of the LIC Company’s performance. The following article explores the performance of the LIC Company along with dedicated plans that can help individuals make their EMI instalments with ease:
1. Dedicated LIC Investment Plans
LIC offers various investment plans ranging from simple life insurance to different annuity plans allowing individuals to receive a fixed annual income which can help fulfil different financial obligations without any difficulty. LIC New Jeevan Shakti and Jeevan Akshay-VII are two prominent investment plans that individuals can select for investment in the long run. Offering deferred payment benefits, the plans require investors to pay a single one-time premium. Investors therefore receive regular installments and payout after a certain period helping them to enjoy a fixed income regularly.
2. Using an EMI Calculator:
Investors can even take benefit of a dedicated EMI calculator that can help identify the regular EMI payout which can be sourced from the fixed income received from investment in LIC annuity plans. After providing various essential details like the loan amount, tenure, and interest rate, investors can easily use the EMI Calculator to arrive at the amount needed to fulfill the loan amount and applicable interest. Individuals can determine the fixed EMI amount and compare the same with the regular income payout from LIC investment plans to make sound decisions accordingly. If the EMI amount is higher, investors can opt for a better LIC plan which can help cover such expenses and loan payout.
3. LIC Share Price:
The LIC share price is another key aspect that helps define the inventor’s decision related to investment in LIC shares and its dedicated plans. The share price is an indicator of the company’s current and future performance which can help investors to make appropriate investment decisions. Trading at ₹758.95, the LIC share price has gone through a massive downturn in recent years. With almost negative returns, the stock price can be viewed as a risky investment decision to generate stable returns. However diversified investment and long-term investment horizon are certain aspects that investors can take to generate sufficient returns. Also, regular and stable dividend payments can prove beneficial for fulfilling EMI obligations.
Conclusion:
Individuals looking for the best and reliable LIC investment plan can opt for its annuity plans offering regular payments at fixed intervals. Moreover, an investment into the LIC share can even help investors to obtain capital appreciation and returns in the form of dividends making it a perfect source of generating income and completing EMI payments. Through proper research, investors can select the best plan that fits their requirements. Moreover, an EMI Calculator can further improve the decision making allowing individuals to select a LIC investment plan. Sound decision-making and regular analysis of the company’s financial performance can deliver the best results and reduce the burden of loan repayments for individuals.
