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LIC plan is super! Save ₹71 per day, get ₹48 lakh after maturity

ECONOMIC TIMES | February 3, 2025 11:03 AM CST

LIC New Endowment Plan: No matter what job or business you are doing, you should be saving at least a little for the future. The government has started several savings schemes to increase the saving spirit among the people. In this scheme of LIC, you can accumulate a large amount by saving a small amount every day. Here is the information about this.

It is good to invest now for the future. The sooner you start saving, the more your income will increase. The government itself has introduced several long-term savings schemes to increase the saving spirit among the people. Indians have various investment options. But it is important to choose what is good and what is right for us.

Life Insurance Corporation of India (LIC) has also introduced several savings and investment policies. LIC is a public company, and your investment is guaranteed by the government. LIC policy is a good option for those who want a risk-free and guaranteed income. If you invest just ₹71 per day in this new endowment plan introduced by LIC, you will get ₹48 lakh at maturity. Here is information about LIC's new endowment plan.

Life Insurance Corporation of India has been running with good profits under the auspices of the government for many decades. LIC is known in rural areas. LIC has gained the trust of the people, and more and more people are buying policies from LIC. Now LIC has introduced a new endowment (policy number 914) policy.

Age limit to buy this policy

To avail this policy, the minimum age should be 8 years and the maximum age should be 55 years. Also, the policy term can be chosen from 12 years to a maximum of 35 years. The minimum sum assured for this policy is ₹1 lakh, the maximum amount can be availed is any amount.

For example

If you buy LIC New Endowment Plan (Policy No. 914) at the age of 18, let's say you invest ₹71 per day. You will have a life insurance cover of up to ₹10 lakh. You will have to pay ₹2130 per month, which is ₹71 per day. Or ₹25,962 per year. If the term of this policy is 35 years, you will get ₹48.40 lakh after maturity.