- Advertisement -
Home FINANCE LIC brought a new policy, investing Rs 50 will get Rs 9...

LIC brought a new policy, investing Rs 50 will get Rs 9 lakh on maturity

0

LIC – Today we are going to tell you about the best scheme of LIC in this news. In which you can become the owner of 9 lakh rupees on an investment of 50 rupees… Let’s know the complete details related to this scheme in the news below.

If you want to invest in LIC’s plan, then LIC has come up with a SIIP, a unit-linked insurance plan for the customers. Which gives investment opportunities with insurance protection. It provides high returns to the policyholders. Allows to choose equity and debt fund option based on risk appetite.

This plan can provide coverage to the family of the insured in any type of situation. This policy can help investors build their savings into a huge corpus fund.

To take advantage of LIC SIIP policy, the age of the policyholder should be at least 90 days i.e. 3 months and the maximum age should be 65 years. The policy term ranges from 10 to 25 years with a minimum sum assured of 10 times the annualized premium for customers below 55 years of age and 7 times for those above 55 years of age.

Multiple benefits are available-

LIC SIIP offers multiple benefits to the policyholders, which include death and maturity benefits as well as guaranteed benefits. If the life assured dies before the commencement of risk, the beneficiary will receive an amount equal to the Unit Fund Value. In case of death after commencement of risk, the beneficiary can choose to receive the Unit Fund Value.

Keep these things in mind-

– There are four fund options to choose from in LIC SIIP. Free switch between funds, add-on rider benefits to enhance the coverage of the policy and tax exemption under the Income Tax Act. The customer can also make a partial withdrawal after completing five policy years.

There are two optional benefits of LIC SIIP. An Accidental Death Benefit rider option and partial withdrawal facility. The Basic Sum Assured of the policy cannot exceed the Accidental Death Benefit Sum Assured. If you want to make a partial withdrawal, you can withdraw money in the form of a fixed amount or a fixed number of units.

LIC SIIP offers four fund options to choose from namely Bond Fund, Secured Fund, Balanced Fund and Growth Fund. The investment pattern of these funds varies depending on the type of security they invest in and the risk-weight of their portfolio.

If a policyholder invests Rs 50,000 in the Balanced Fund option of LIC SIIP for ten years, the rate of interest will be 10% and after ten years the total fund value will be Rs 9,39,700.

Related Article

Flight canceled: Big news! All flights of Go First Airlines will be canceled on… PAN Aadhaar Linking exemption: Good news! These people got exemption for linking PAN Aadhaar,…
Bank News: New guideline brought to banks, Finance Minister gave information Airport Close: Big news! Today the airport will be temporarily closed for 6 hours,…
New Guidelines for Employees: Social media guidelines issued for employees Post Office’s Dhansu scheme, money will be doubled before time, depositing 10 lakhs, you…
Big Order for Jewelers! Now jewelery without hallmark can be sold till this date,… Pension Scheme: Big news for central employees! Now these employees will not get pension
EPFO: Big news! Your EPF account may be closed automatically, all the money lying… Rain Alert: IMD issued a warning regarding heavy rains in these states of India,…

 

-Advertisement-

Exit mobile version