Kangana Ranaut's 50 LIC policies grab attention. Netizens ask: why so many
Kangana Ranaut, the BJP's candidate for the Mandi Lok Sabha constituency in Himachal Pradesh, has disclosed assets totaling Rs 91.65 crore in her nomination documents. But what caught the eye of many netizens were her 50 LIC policies. Many netizens questioned the the financial rationale of purchasing such a large number of insurance policies.
A netizen quipped: «Her LIC Agent must be the happiest agent. Might be some of relatives are LIC agents.» Another netizen said that the Bollywood star possessing a whopping 50 LIC policies «highlights the widespread lack of financial literacy in India, affecting both the wealthy and the less affluent. It seems nobody can resist the allure of buying multiple LIC policies.»
Another netizen said that 50 LIC policies are not asset diversification. «Diversification is proper asset allocation across Equity, Debt, RE, Alternates and commodities (mix as per the needs and understanding),» the user said.
Another netizen also guessed how Kangana Ranaut could have acquired 50 LIC policies: «Almost everyone in India in 1st few years of their employment follow financial advice from their parents and elders. Only after few years they start exploring other investments. Also everyone has some friend or family as LIC agent, so you do it for them.»
Kangana Ranaut's other possessions
Her investments also include 6.70 kg of gold valued at Rs 5 crore, 15-carat diamonds worth Rs 3 crore, and 60 silver items valued at Rs 50 lakh. Additionally, she has put money into 50 LIC policies and possesses
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