Life Insurance Corporation of India (LIC) is the largest and state-owned insurance company in the country. Apart from various insurance policies, it also offers several investment plans to its customers. You can get safe and strong returns in these schemes. Let us tell that crores of Indians have secured their future with this government insurance company. You too can be one of these millions. Let us tell you that LIC has a great scheme, in which you can get Rs 17 lakh on a single maturity by depositing less than Rs 8 daily.
What is LIC’s scheme
If you want to invest money in any LIC scheme and want huge amount on maturity then LIC Jeevan Labh policy will be best for you. In this policy you can get lakhs of rupees every month by investing just Rs.233 (Daily less than Rs.8). This is a non-linked plan 936. Please note that non-linked schemes are not dependent on stocks. Hence such schemes are considered safe.
Profit and security
The most important thing is that in LIC’s Jeevan Labh policy, you get protection on profits and returns. The minimum age of investment in Jeevan Labh policy is 8 years while the maximum age is 59 years. 8 years means that this policy can be taken for a minor also. Let us tell you that the policy term can be taken for a period of 16 to 25 years.
The minimum sum assured in LIC’s Jeevan Labh policy is Rs 2 lakh. There is no maximum limit as far as the minimum sum assured is concerned. Know that after paying the premium for 3 years, investors can also take a loan against their investment. Other benefits of LIC Jeevan Labh plan include tax exemption on premium.
Nominee gets many benefits
If the policyholder dies during the policy term, the nominee gets several benefits. These include bonus as well as the benefit of sum assured. If the policyholder dies during the policy term and has paid all premiums till death, his/her nominee gets Death Sum Assured, Simple Reversionary Bonus and Final Addition Bonus as death benefit. That is, the nominee will get an additional sum insured.
Know the additional benefits of the scheme
At the end of the policy term, the surviving policyholder will be given the Basic Sum Insured along with the bonus as a lump sum. These include policy term of 16 years and term of 10 years for payment of premium, policy term of 21 years and term of 15 years for payment of premium and policy term of 25 years and term of 16 years for payment of premium . If a subscriber opts for a policy term of 21 years, then his age should be less than 54 years at the time of taking the policy. At the same time, the age limit for the policy term of 25 years is 50 years.