LIC New Money back plan- After depositing 10% premium, the plan will get 15-20% money back on 5 years, 10 years, 15 years, 20 years.
LIC New Money Back Plan: If you are planning to invest at this time, but there is confusion as to where to invest, then do not get upset at all. Investors can invest in LIC scheme. Where you can earn good profits by investing. Life Insurance Corporation of India Limited There are many plans where big savings can be taken from small savings. One such plan is LIC New Money Back Plan.
There are two types of maturity period
This plan of LIC comes with two LIC Money Back Plan Maturity period option. Any individual can choose a plan for a period of 20 years and 25 years. This policy of LIC is completely tax free. The entire amount of interest, premium payment and maturity is tax free. If you want to take a 25-year plan, then you have to save only Rs 170 daily.
According to LIC, anyone from 13 years to 50 years can take this plan. The plan will get 15-20 percent money back every 5 years, 10 years, 15 years, 20 years. But this will only happen when at least 10 percent of the premium will be deposited. With this, a bonus will be given to investors on maturity. In this plan of total 10 lakh rupees, the benefit of accidental death will also be available.
How much can you invest
Minimum Basic Sum Assured – Rs 1 Lakh
Maximum Basic Sum Assured – No Limit
Minimum age limit – 13 years
Maximum age limit – 50 years
Term Plan – 20 years
You will have to pay so much premium in the first year
The premium amount will also include a 4.5 per cent GST fee.
Annual premium: Rs 60,025 (Rs 57,440 + Rs 2585)
Half Yearly Premium: Rs 30,329 (Rs 29,023 + Rs 1,306)
Quarterly premium: Rs 15,323 (Rs 14,663 + Rs 660)
Monthly Premium: Rs 5,108 (Rs 4,888 + Rs 220)
Premium payable daily: Rs 170
Second year premium
Annual premium: Rs 58,732 (Rs 57,440 + Rs 1,229)
Half Yearly Premium: Rs 29,676 (Rs 29,023 + Rs 653)
Quarterly premium: Rs 14,993 (Rs 14,663 + Rs 330)
Monthly Premium: Rs 4,998 (Rs 4,888 + Rs 110)
Premium amount payable per day: Rs 167
Premium calculator
The policy holder will also get a money back of Rs 1.50 lakh every five years. In addition, the investor will get Rs 11 lakh as bonus and Rs 2,25,000 as additional bonus.
