LIC Scheme- If you want a huge return on your investment, then invest in this scheme of LIC, know the complete details

Human life is full of uncertainties, no one knows what will happen in this life. There are many problems due to which financial losses can also occur. In such a situation, to avoid these problems, a part of your earnings should be invested in a place from where you get good returns. In such a situation, the first name that comes to our mind is Life Insurance Corporation of India (LIC) is the largest government insurance provider in the country, known for its strong returns and investment security, LIC Bima Jyoti Policy is a great option for individuals seeking both financial security and savings. Let's know its complete details.

Plan Type:

Non-linked, non-participating, individual life insurance savings plan.

Death Benefit:

In the unfortunate event of the death of the policyholder during the policy term, the family gets financial assistance.

Maturity Benefits:

If the policyholder survives the policy term, he or she receives a lump sum sum assured.

Loan Facility:

Policyholders can avail loans against the policy during the term, giving them additional financial flexibility.

Sum Assured:

The policy offers a minimum sum assured of ₹1 lakh.

Investment Options:

Premiums can be paid on a monthly, quarterly, half-yearly, or yearly basis, with a minimum investment of ₹5,000.

Payment Term:

Premiums are required to be paid for 5 years less than the policy term. For example, for a 20-year policy, premiums need to be paid for 15 years only.

Age Criteria:

This policy is available for individuals aged 90 days to 60 years, with a minimum maturity age of 18 years and a maximum of 75 years.

Flexible investment period:

Policyholders can choose to invest for 15 to 20 years depending on their financial goals.