By investing in some of the schemes of LIC, you get good returns and the investment amount is also safe.

Actually, SIIP is a Unit Linked Insurance Plan (ULIP), in which you get insurance coverage along with your investment. The returns in it are based on the performance of the stock market, so it comes with some risks, but with it you get the benefit of high returns and insurance protection. Let’s know the important information related to this plan and its benefits.

LIC SIIP: The best combination of insurance and investment

You get four fund options under LIC’s SIIP plan:

• Bond Fund
• Balanced Fund
• Safe Funds
• Growth Fund

Each of these fund options has its own risk profile. The highest returns are available in growth funds, in which up to 80% of the investment is made in the stock market. Although, this also involves market risk, the return potential is quite high.

Money will double…

Suppose, you have invested ₹1,00,000 every year for a period of 10 years under LIC’s SIIP plan. With this investment, you choose a growth fund, whose NAV growth is expected to be 15%. In 10 years, your total investment will be ₹10,00,000, and you are expected to get ₹19.3 lakh at maturity. This is just a potential calculation, which will depend on the market performance. This plan is available for different tenures of 10, 15, 20 and 25 years.

Suppose, if you take a SIIP plan for a period of 10 years and choose the growth fund option. Under this plan, if you deposit Rs 100,000 every year, a total of Rs 10,00000 will be deposited in 10 years. At maturity, you will get a total of Rs 19.3 lakhs considering the NAV growth of 15 percent. However, this is a probable calculation.

For SIIP plans:

• The policyholder’s age should be a minimum of 3 months and a maximum of 65 years.
• It also provides accidental death benefit rider and partial withdrawal facility.

LIC’s SIIP plan is a great way to grow your investments and secure your future. If you want to invest for the long term and also need insurance coverage, then this plan can be a good option for you.

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It has many policy plans for senior citizens and children. You can get good returns by investing in LIC plans. However, many people do not invest in the policy because of the high premium. You can get good returns with low premium in some schemes of LIC.

Today we will tell you about LIC’s Jeevan Anand policy. In this policy, you can create a fund of Rs 25 lakh by saving only Rs 45 daily.

Jeevan Anand Policy (LIC Jeevan Anand) is a very good option for high returns with low premium. This is a term policy plan.

In this, the policy holder also gets many maturity benefits. The minimum sum assured in this plan is Rs 1 lakh and there is no maximum limit.

LIC Jeevan Anand Policy Calculation
In this policy you will have to deposit Rs 1358 every month, after which you can get Rs 25 lakh. This means that you will have to deposit only Rs 45 daily in this scheme. This is a kind of long term plan. In this you have to invest for 15 years to 35 years.

If you invest in this policy for 35 years, you will get Rs 25 lakh after maturity. In this policy you will be able to save up to Rs 16,300 annually.

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The post LIC Scheme : Get Rs 25 lakh by depositing Rs 45 daily in this powerful scheme of LIC, this is the complete calculation. first appeared on Rightsofemployees.com.