LIC Bima Jyoti: Experts say that this is a very good scheme for securing the future. The policy can be taken by a child from 90 days to less than 60 years of age.
Investing in life insurance, ie life insurance, proves to be beneficial and safe in many ways. Experts often advise people to invest in a life insurance policy. If you are also planning to take a life insurance policy, then Life Insurance Corporation of India Bima Jyoti plan can prove to be a better option for you.
Life Insurance Corporation launched Bima Jyoti plan in February this year. By investing in the Insurance Jyoti scheme, you will get a lump sum payment upon completion of maturity. Along with this, financial assistance will also be provided to the family members on the untimely demise of the policy holder. Explain that this is a non-linked, non-participating plan. In this policy, customers will get the facility of fixed income as well as guaranteed return.
Who can take the policy:
Experts say that this is a very good scheme to secure the future. The policy can be taken by a child from 90 days to less than 60 years of age. It is a completely personal, non-affiliate, non-participating, savings scheme. In this, the policyholder is getting insurance as well as a savings option to the investors.
Basic Sum Assured Rupees One Lakh:
In this policy, you get a guarantee in addition to the basic sum assured of Rs 50 per thousand at the end of every year during the term. That is, in this scheme you will get a guaranteed bonus at Rs 50 per thousand sum assured. Your basic sum assured in this plan is one lakh rupees. However, the upper limit is not fixed in this.
You can take this policy for 15 to 20 years. PPT will be 10 years for a policy term of 15 years, while PPT will be 11 years for a policy of 16 years.
About the features of the policy:
- The minimum age limit for this is 18 years.
- Payment of premium for 5 years less than the policy period.
- The maximum age limit on maturity is 75 years.
- The minimum age for taking this policy is 90 days and maximum 60 years.
- Investors will get the facility of maturity settlement option.
- In this, there will be an option for maturity and death benefits in installments of 5, 10 and 15 years.
- Guaranteed addition of Rs. 50 per thousand per year bonus during the policy term.
- You can also buy the policy online. There is also a facility of policy back dating.
- Options for availing accidental and disability benefits, critical illness, premium pardon rider and term rider are available.
