Which is best between SIP & LIC?

Buffett Money
2 min readMar 29, 2024

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SIP is Systematic Investment plan where you invest a fixed amount every month or quarter as per your decision in mutual funds in the equity stock market whereas LIC is a life insurance plan.

LIC vs SIP

Which is better between these let’s discuss it with some point.

  • First of all remember that you should not do the mistake of comparing these two as these are not comparable because both are the part of financial plan of an individual’s life with there advantages and disadvantages.
  • SIP is used for growing money with better returns to beat inflation and meet any financial goal in the long term whereas LIC is used to protect the family from big financial burden when main earner is not there for you.
  • LIC investment is not done to calculate returns whereas it is done for defensive purpose. So, on their places both are better and you should choose both. Term and Health insurance is best and rest money in SIP.

So, accordingly you can make decision as per your requirements and earning capacity. If need any help free of cost then connect with us with the link given below.

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This is all for information and education purposes only. Consult your financial advisor before investing.

Thank You

Happy Investing

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