Life Insurance Corporation of India (LIC) is not just an insurance company. It is a government company and one of the best ways to invest money and get security for crores of Indians. By investing in LIC, you can secure your present and future, along with guaranteed returns.
Not everyone can invest a large amount of money. To help, LIC has launched a new policy called LIC Jeevan Umang Policy. With this policy, you can get a return of ₹20 lakh by paying just ₹25 every day. You can also get ₹40 lakh by paying ₹50 daily.
If you don’t believe it, read the full report. Buy the policy only after knowing the rules and conditions.
Invest in LIC vs Mutual Funds or Stocks
Many people invest in Mutual Funds or the Stock Market to grow their money. But investing in stocks has high risk, and many people lose money. Financial experts suggest investing in safe plans along with stocks. If you want a risk-free plan with good returns and life protection, LIC is the best option. LIC Jeevan Umang Policy is good for those who want high returns by saving a little every day.
How Much Return Will You Get?
If you pay ₹25 every day for 16 years in LIC Jeevan Umang Policy, you will get about ₹20 lakh at maturity. Returns may change based on your age. If you pay ₹50 daily, you can get ₹40 thousand every year. For example, if a 26-year-old takes a policy with ₹5 lakh insurance, the yearly premium will be ₹15,882.
The total premium in 3 years will be ₹47,646. You have to pay premiums for 30 years. LIC will start paying ₹40 thousand yearly after 30 years.
How Many Years Will You Get Policy Money?
The policyholder gets yearly returns until age 100. If you pay ₹50 daily, you can get ₹36-40 thousand every year from the 31st year to age 100. The total return will be about ₹40 lakh. If the policyholder dies before 100, the full amount goes to the nominee. The nominee can also take the money in multiple installments if they want.