LIC Scheme: Life Insurance Corporation of India (LIC) from time to time introduces such schemes that not only provide insurance protection but also provide a golden opportunity for savings and investment. There is one such special scheme in which you can avail benefits of up to ₹ 8 lakh by depositing just ₹ 1800 monthly. Come, let us understand the complete details of this policy.
What is LIC Scheme?
This plan is an endowment plan, which offers the benefits of both insurance and savings. In this you pay a monthly premium, and you receive a lump sum amount at the end of the policy term. In the event of death of the policyholder, the sum assured and accumulated bonuses are paid to the nominee. This scheme is suitable for those who want to secure their future through long-term savings.
Premium and policy term
- Premium amount: ₹1800 monthly.
- Policy Term: 15 to 20 years.
- Benefit Amount: You will receive a lump sum amount of up to ₹8 lakh at the end of the policy term.
The policyholder must ensure that the premium is paid on time, so that all benefits are availed.
Major benefits of LIC Scheme
- By depositing regular premiums in this scheme, you can build a large fund, which will help in meeting future requirements.
- If the policyholder unfortunately passes away during the policy term, the sum assured and bonuses are paid to the nominee.
- You can choose the frequency of premium payment (monthly, quarterly, half-yearly, annually) as per your convenience.
- Under this scheme, one gets the benefit of tax exemption on premium payment under Section 80C of the Income Tax Act. Also, the maturity amount is tax free under section 10(10D).
How to invest in LIC Scheme?
You can use the following methods to purchase this plan:
- Contact LIC branch: Visit your nearest LIC branch office and get information about this scheme from the authorized officer.
- Take help of LIC agent: You can also buy the policy through an authorized LIC agent.
- Apply Online: Visit LIC Official Website and complete the online policy purchasing process.
Keep the following documents ready while purchasing the policy:
- Aadhar card.
- PAN card.
- Income certificate.
- Passport size photo.
Why is LIC Scheme special?
Combination of protection and savings: This plan provides the benefit of savings along with insurance protection, so that you and your family can remain safe.
Long-term benefits: Saving for 15-20 years builds a large corpus, which can be useful for children's education, marriage, or retirement.
Reliability: This plan offered by a reliable institution like LIC is risk-free and profitable.
LIC Scheme is not only a safe investment option, but it can also prove helpful in securing the future of you and your family. It can be a wise move to get a profit of up to ₹8 lakh by depositing just ₹1800 monthly.
If you want long-term savings and protection, this plan is an excellent option for you. Get more information about this LIC scheme today and secure your future.
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