How to become millionaire: Life Insurance Corporation of India has many such plans, where good investment can be made by investing.
How to become millionaire: Life Insurance Corporation of India has many such plans, where good investment can be made by investing. Investment in LIC is safe. Insurance is also available.
LIC New Money Back
LIC’s new money back policy has two types of maturity period. Any investor can choose any one in 20 years and 25 years. Any policy holder will get 23 lakh rupees for investing Rs 160 a day for 25 years.
Amount back at 5 years
Those investing in the new money back policy get 15 to 20 percent of the money back every 5 years. Along with this, investors will also get bonus on maturity. This policy is completely tax free according to income tax. In addition, the amount received on interest, premium payment and maturity is tax free.
LIC Giving Policy
Life Insurance Corporation of India (LIC) has come up with a scheme for the daughter’s marriage, its name is ‘LIC Kanyadan Policy.’ In the LIC Kanyadan Policy, you have to invest only 121 rupees daily. That is, you have to pay a premium of about 3600 rupees every month. By investing 121 rupees daily, you will get 27 lakh rupees from this policy after 25 years. Also Read: Income tax refund has come or not, this process can make your work worse
What will be the investment?
Minimum Basic Sum Assured – One lakh rupees
maximum Basic Sum Assured – No Limit
Minimum age limit – 13 years
Maximum age limit – 50 years
Term Plan – 20 years
How much premium
4.5% GST fee in premium amount.
Annual premium: Rs 60,025 (Rs 57,440 + Rs 2585)
Half Yearly Premium: Rs 30,329 (Rs 29,023 + Rs 1,306)
Quarterly premium: Rs 15,323 (Rs 14,663 + Rs 660)
Monthly Premium: Rs 5,108 (Rs 4,888 + Rs 220)
Daily Due Premium: Rs 164
One year premium
Annual premium: Rs 58,732 (Rs 57,440 + Rs 1,229)
Half Yearly Premium: Rs 29,676 (Rs 29,023 + Rs 653)
Quarterly premium: Rs 14,993 (Rs 14,663 + Rs 330)
Monthly Premium: Rs 4,998 (Rs 4,888 + Rs 110)
Premium amount payable daily: Rs 160
