LIC Policy: Through LIC’s plan, a fund of lakhs of rupees can be created comfortably. At the same time, different plans of LIC have different benefits.
LIC Premium: Many plans are provided to the people by LIC. People can get different plans according to their needs. At the same time, there are many plans in these, through which you can also make a hefty amount of fund. One such plan is LIC’s New Endowment Plan plan.
LIC’s New Endowment Plan (LIC New Endowment Plan No 914) is special in many ways. Long term investment can be made through this plan and good returns can also be achieved. Along with this, people also get risk cover in this plan of LIC.
These are the special things of LIC New Endowment Plan
– Minimum age – 8 years
– Maximum age – 55 years
– Minimum Sum Assured (Sum Assured) – Rs 1 lakh
– Maximum Sum Assured (Sum Assured) – No Limit
– Minimum term – 12 years
– Maximum – 35 years
Get 65 lakh fund like this
If you are 30 years old, then through this new endowment plan of LIC, you can create a corpus of Rs 65 lakhs. If you are taking this plan at the age of 30, then the sum assured will have to be kept at Rs 19 lakh. At the same time, the term will have to be kept 30 years. After which about Rs 5253 will have to be deposited as premium every month for the first year.
So much return
After this, every month from the second year till maturity, Rs 5140 will have to be deposited as premium. After this, the maturity amount will be available after 30 years i.e. at the age of 60 years. You will get a return of about Rs 65,55,000 as maturity amount.
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