Along with insurance plans, many investment plans are also offered by Life Insurance Corporation of India (LIC). Today we are going to tell you about a plan in which you can save money by investing, and you also get insurance protection. Here we are going to tell you about LIC’s Bima Jyoti plan.
LIC Bima Jyoti: Life Insurance Corporation of India (LIC) is the largest government insurance company in the country. Along with offering insurance plans, LIC also offers many investment plans. Today we are going to tell you about such an investment plan in which you can save money by investing as well as you get insurance protection. Here we are going to tell you about LIC’s Bima Jyoti plan. Let us know about the benefits of this plan.
Benefits of LIC Bima Jyoti Plan
As we told you above that LIC’s Bima Jyoti plan offers you the benefits of savings as well as insurance plans. This plan also offers you death benefit. In case of death of the policyholder during the policy term, the nominee is offered 125% of the basic deposit or 7 times the annual premium. On completion of the policy term, the policyholder is offered guaranteed additions along with the basic sum assured.
10,000 every month for 10 years
According to the LIC premium calculator, if you deposit Rs 10,000 every month for 10 years in this scheme, then you will get Rs 17 lakh 90 thousand after 15 years. By investing Rs 10,000 every month for 10 years, you will invest a total of Rs 12 lakh in this scheme and after 15 years you will get Rs 17.9 lakh. In this way, an investment of 12 lakh gives a return of about 7.5% every year.
Eligibility for LIC Bima Jyoti
Any Indian citizen whose age is between 90 days to 60 years can invest in this plan of LIC. LIC’s Bima Jyoti plan offers an assured sum of at least Rs 1 lakh and there is no maximum limit.
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