LIC Scheme – Worried about your future? Dont worry about anymore, because today we are going to about such that scheme where you can earn unimaginable money after retirement. This scheme is LIC’s. Investing in the LIC Jeevan Utsav plan can earn you a monthly pension of Rs 15,000 after retirement. This pension provides you with financial security, allowing you to comfortably meet your old age needs.
With this policy, you can pay premiums as per your choice, from 5 years to 16 years. The longer the investment period, the higher your pension will be. This plan is flexible to suit your financial needs. Under this plan, investors receive a minimum sum assured of Rs 5 lakh. This means your capital will be protected and you will receive assured returns. Investors between the ages of 8 and 65 can invest in this plan.
This plan offers not only a pension but also life insurance cover for the entire life. If the policyholder dies before the policy matures, the nominee receives 105% of the premiums paid as a bonus. This policy offers an annual interest rate of 5.5%, which is provided as a delayed and cumulative flexi income benefit. The policyholder also has the option to choose between a regular income benefit and a flexi income benefit.
Under the Jeevan Utsav plan, the individual policyholder receives a guaranteed increase of Rs 40 per Rs 1,000 on the basic sum assured at the end of every policy year during the premium paying term. Thus, the policy value increases over time.
Death benefit for family protection
In the event of the policyholder’s death, the nominee is paid the sum assured. This amount includes the basic sum assured and any guaranteed additional amount. Furthermore, this amount is not less than 105% of the total premiums paid, providing the beneficiary with adequate financial support during this difficult time.
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