Yes, LIC is a good investment tool as it offers various benefits like assured returns, a wide range of policy options to choose from, and tax benefits.
LIC offers several policy options like term insurance, whole life insurance, unit linked insurance plans, etc. which provide different benefits like death cover, maturity benefit, investment benefit, etc. You can choose a policy as per your financial goals and needs.
LIC also provides assured returns on some of its policies, which makes it a good investment option.
Lastly, LIC policies offer income tax benefits under section 80C of the Income Tax Act. This makes them attractive for investors looking for tax-saving investment options.