LIC Policy: If you’re considering investing, this news could be very important for you. Investing in this special LIC scheme can help you accumulate lakhs of rupees. LIC offers a scheme that offers safe and excellent returns. This scheme is specifically designed for middle-class individuals. If you don’t earn much, you can accumulate a corpus of lakhs by investing a small amount in this LIC scheme.
In this article, we’re talking about the LIC Jeevan Lakshya insurance policy, where you can accumulate lakhs of rupees by investing in it. If you’re interested in investing in this special policy, this policy could prove to be very useful. By investing ₹172 per day in this scheme, you can invest up to ₹28.5 lakhs at maturity.
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Money to the nominee before maturity
Regarding LIC’s Jeevan Lakshya policy, it is a non-linked, participating, individual life insurance plan. Under this scheme, the policyholder receives tax benefits. This helps meet the needs of the family, especially children. In the event of the policyholder’s death before maturity, the nominee receives a lump sum.
What is the minimum sum insured?
Under this special LIC scheme, any individual can take out a policy with a basic sum insured of Rs 1 lakh. However, there is no maximum sum insured limit. If you are considering investing in this policy, you can avail of it with a policy term of 13 to 25 years. Premiums are required for a minimum period of three years. You can pay premiums on a monthly, quarterly, half-yearly, or annual basis.
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How much is received upon maturity?
According to LIC, if a person invests ₹15 lakh for 25 years, the monthly premium will be ₹5,169. The monthly investment will be ₹172. The person will receive ₹28.50 lakh upon maturity, along with a double bonus.
Disclaimer: This article has been based on information from various websites. If you are considering investing, please seek expert advice.