Which is better SIP or LIC?
If your reason for buying is investment, then SIP is better. Because SIP yield is better in the long term.
What is better between life insurance and investment?
The answer is simple and boils down to what you need now and what you need in the future. While Investments will take care of your now and immediate future, Insurance will take care of you and your loved ones in the long run.
Is life insurance a good way to save money?
Life insurance can be a good tool to supplement your investment strategy. Life insurance shouldn't be a replacement for traditional savings and investments like a 401(k). Your financial situation should dictate whether you need life insurance.
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