The biggest problem in the mind of a jobber or a businessman is that how to invest his money so that he gets good profits after retirement.
LIC Policy, How To Earn Money: The biggest problem in the mind of a jobber or businessman is how to invest their money so that they get good profits after retirement. In such a situation, Life Insurance Corporation of India (LIC) is considered to be the most reliable option. But today we will tell you about such a plan of LIC, which will give you huge benefits.
Know which is this policy
One of the schemes offered by LIC is Bima Ratna policy. It is a non-linked, non-participating, individual saving life insurance plan that offers guaranteed bonuses. Investors can earn Rs 50 lakh on maturity by investing up to Rs 5 lakh in this policy. This is ten times the amount deposited.
The policyholder should have a minimum sum assured of Rs 5 lakh. And the minimum age to invest in this scheme is 90 days, while the maximum age is 55 years. Investors can pay their installments on monthly, quarterly, half-yearly or yearly basis as per their convenience.
Policy can be taken in three periods
Policy terms are available for 15, 20 and 25 years, with premium payments being made for shorter terms depending on the time frame. For example, investors opting for a tenor of 15 years would have to pay premiums for 11 years, while investors opting for a tenor of 20 years would have to pay premiums for 16 years.
By investing in this policy, customers can get substantial returns, earning around Rs.9 lakhs on Rs.5 lakhs invested for 15 years. The minimum monthly premium for investors is Rs 5,000, which equates to a savings of approximately Rs 166 a day.
Do the calculation like this
LIC Bima Ratna policy is a better investment option for those who are looking for guaranteed bonus and good return on investment. With its short premium payment term, investors can easily calculate the bonus they will get on maturity, making it a convenient and secure option for savings and investment.
