Security and Returns with Low Investment – LIC Plans for Those Earning Rs. 50,000

LIC Policy: If your monthly income is Rs. 50,000 and you want to secure your future, some LIC plans can be beneficial for you. There’s often a misconception that investing in LIC doesn’t yield high returns, which is why people tend to avoid it. However, the truth is that many LIC plans offer both security and balanced returns over the long term, which is advantageous for people with stable incomes.

Bhagya Lakshmi Yojana Provides Stable Savings

The LIC Bhagya Lakshmi Yojana is primarily designed for the lower-income group, but people earning Rs. 50,000 per month can also invest in it. Investing in this plan offers the possibility of receiving more than the deposited amount upon maturity. Typically, it can provide returns of up to approximately 110 percent. The minimum age for entry into this policy is 19 years, and the maximum is 55 years. The policy term is between 5 and 13 years, allowing investors to choose a duration according to their needs.

Small Investments Get Big Support

The LIC Micro Savings Plan is designed for those who want both insurance and savings with a small investment. With this plan, a good insurance cover can be obtained by depositing a small amount daily. An investment of approximately Rs. 28 per day provides an insurance cover of about Rs. 2 lakh. The policy term is between 10 and 15 years. One special feature of this plan is that it also offers a loan facility when needed, which can provide relief during difficult times.

Aadhaar Stambh Policy: Especially for Men

The LIC Aadhaar Stambh Yojana is specifically designed for men. It provides insurance protection with a limited monthly premium. A monthly premium of approximately Rs. 500 provides an insurance cover of up to Rs. 2 lakh. The policy term can be from 10 to 20 years. It also offers benefits such as auto coverage and loyalty additions, which can enhance the policy’s benefits over time.

Keep these points in mind when choosing a policy:

These LIC plans can be beneficial for individuals with a stable income who are seeking secure investments. However, before investing in any policy, it is essential to assess your financial situation, future responsibilities, and risk tolerance. Choosing the right plan can provide you with both security and better financial planning.