LIC Scheme- Are you worried about the future of your family, then invest in this scheme of LIC
Life is full of uncertainties, and you do not know what will happen to whom, in such a situation you should worry about your family and make a planned investment plan to secure their future, there is a famous insurance savings plan offered by India's largest government insurance provider company LIC. Today, through this article, we will tell you about such schemes of LIC that provide you with better coverage, let's know about it-
Death Benefit: In case of accidental death of the policyholder during the policy term, the family gets financial assistance as per the policy terms.
Maturity Benefit: On surviving the policy term, the policyholder gets a lump sum guaranteed amount, which ensures financial security after retirement.
Loan Facility: Policyholders can take a loan against the policy to meet cash needs during emergencies.
Key Features:
Sum Assured: The minimum sum assured starts at Rs 1 lakh, with no upper limit, providing flexibility based on investment capacity.
Policy Term: Investments can be made for a period of 15 to 20 years, with premiums to be paid at least 5 years before maturity.
Entry Age: Eligible individuals can invest in this policy from 90 days to 60 years of age, ensuring access at different life stages.
Maturity Age: The policy matures between 18 and 75 years of age, catering to different financial planning needs.
Premium Options: Flexible premium payment intervals include monthly, quarterly, half-yearly, or yearly, with the respective minimum amounts starting from Rs 5,000 monthly.
Guaranteed Returns: An annual guaranteed return of Rs 50 per thousand sum assured is provided, which enhances the financial stability of the policy over time.
To ensure seamless payments, monthly premiums can be easily managed through NACH (National Automated Clearing House) or salary deduction.
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