Why lic policy or mutul fund

Friends I am happy today that I could successfully explain the bank employee to invest in LIC instead of a mutual fund. * However I do not get a very big policy. There is a policy of only 10 lakhs under life benefit. But The argument I made for it was very effective and it gives me satisfaction. * As always, the party said – why do I invest in LIC which gives only 6-7% returns? While Mutual funds offer returns of around 12 to 15%? * I kept silence for a few seconds and then I asked the party. “Do I need a home loan from your bank? Please tell me what the interest rate is – what will your bank take interest?” * He said – 8.7% to 9.2%! * I only asked – why do not your bank invest in mutual funds and get 12 to 15%? Instead Why do your bank compete to offer 8-9% home loans with other banks? And even with the risk of NPA (the amount will not be paid). Why? And my sales party said to himself – * When banks do not take risks and also with the money of the people, why should I risk my own money? *

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