Life Insurance Corporation of India, the largest insurance company in the country, has several schemes for consumer investment.
By investing in this scheme, the customer can add a lot of money for his future. LIC offers many such policies which are preferred by most of the people. Some of these policies are long term and some are short term. In this case, if you want to invest a little and get a lot of returns, then this wish can be fulfilled. LIC has started a scheme for this. Which is named LIC New Money Back Policy . Also Read: LIC New Rules 2021: LIC rules have changed, if you have any policy then definitely read this news
LIC’s money back plan is a non-linked life insurance policy. Which guarantees returns and bonuses. The specialty of this plan is that the insurer gets the money back in 5 years, better returns on maturity, along with tax insurance benefits every year. Also Read: Take LIC policy for just Rs 150, you will get the benefit of 19 lakhs, whenever you want the money back – know how?
You will have two options of 20 years and 25 years to take this plan. This policy is completely tax-exempt policy. Along with this, there will be no tax on its interest, premium paid and maturity amount. If you invest Rs 160 per day in this scheme for 25 years, you will get Rs 23 lakh after 25 years. Also Read: LIC: Invest in this government scheme, you will get 10 thousand pension every month
According to LIC, this plan is open to anyone between the age of 13 and 50 years. In this scheme, every 5th year i.e. 5th year, 10th year, 15th year, 20th year, 15% of the money will be returned. But this will happen only if at least 10 per cent premium has been deposited. Also Read: Big News Ujjwala Yojana 2.0 : This is how you will get free LPG connection, here is the whole process
Along with this, investors will be given bonus on maturity. In this plan of total Rs 10 lakh, you will also get the benefit of accidental death. Bonus will also be given to the investors on maturity.
| MONEY BACK & MATURITY DETAILS | ||
|---|---|---|
| At the End of 5th Policy Year | 15% of Basic Sum Assured | 150000 |
| At the End of 10th Policy Year | 15% of Basic Sum Assured | 150000 |
| At the End of 15th Policy Year | 15% of Basic Sum Assured | 150000 |
| At the End of 20th Policy Year | 15% of Basic Sum Assured | 150000 |
| Maturity at the End of 25th Policy Year (Approx.) | 40% of Basic Sum Assured + Bonus +FAB | 1725000 |
| Total | 2325000 | |
