If you are planning to invest somewhere and there is a dilemma in your mind that how and where to invest. So we tell you about a scheme of LIC where you can make a good profit by investing.
New Delhi. If you are planning to invest somewhere and there is a dilemma in your mind that how and where to invest. So we tell you about a scheme of LIC where you can make a good profit by investing. We are talking about LIC SIIP where it is considered good to invest. For years, people have been considering investing in LIC as safe. You must be at least 90 days old and not more than 65 years old to enter the policy.
Under this scheme, you will have to invest about 10 lakh rupees for 21 years and you will get a profit of about 35 lakhs, that is, after the scheme matures, you can get 45 lakh rupees. Know here the important information related to this scheme.
Know everything about it
Systematic Investment Insurance Plan is called SIIP.LICIn the SIIP scheme, you have to invest around Rs 4000 every month. This investment has to be made for 21 years. At Rs 4000 per month, you will invest Rs 48000 in one year and Rs 10,08,000 in 21 years. When this scheme is completed, then you can get a total of 45 lakh rupees. Means after the completion of the scheme, you will get a profit of Rs 34,92,000 i.e. around Rs 35 lakh.
You will get these benefits
- The plan taker can choose the amount of single premium.
- The policy taker can choose the amount to be deposited.
- He also has the facility to choose the Basic Sum Assured at the time of taking the policy.
- You can buy both these schemes offline as well as online.
LIC’s SIIP
- LIC’s SIIP is a regular premium, non participating, unit linked, individual life insurance plan that provides investment along with insurance during the term of the policy.
- Policy takers can choose the premium amount payable that they want to pay.
- Guaranteed Additions as a percentage of annualized premiums will be added to the Unit Fund under an in force policy, on completion of the specified policy term. The premium and guaranteed additions allocated as per the allocated fund type will be used to purchase the units.
- The minimum premium payable is Rs.40000 (for annual mode) with no maximum premium limit.
- On completion of the policy, an amount equal to the Unit Fund Value will be given. After completion of five years of the policy, some money can also be withdrawn as per the terms of the policy.
