Under the LIC Jeevan Nidhi policy, along with the pension, the benefit of the insurance plan is also available. At the age of 20, if a person invests Rs 10 for 25 years, he gets a life insurance cover of up to Rs 10 lakh.
Pension Plan: Pension plan is considered essential to financially secure life after retirement. In which the person saves his earning amount for pension. Many expenses including health increase in old age. It is not right to expect from anyone else in rising inflation. If you want to prepare to make your future safe from financial crisis, then LIC’s New Jeevan Nidhi plan can prove to be useful for you.
About the plan
LIC Jeevan Nidhi Policy is one of the famous pension plans in the country. It is beneficial for those people, whose income is less. Under the policy, a monthly pension of more than 25000 can be availed after retirement on an investment of Rs.72 per day. Anyone in the age group of 20 years to 58 years can buy the policy. Under this scheme, along with pension, the benefit of insurance scheme is also available. Along with this, bonus is also guaranteed every 6 years. The amount invested under the policy is exempt from tax.
Here is the calculation
The policy term ranges from 7 years to 35 years. One can choose to pay yearly, half-yearly, quarterly and monthly premiums for payment. If a person invests Rs 10 for 25 years under the policy at the age of 20, he gets a life insurance cover of up to Rs 10 lakh. Along with this, the benefit of pension is available after retirement. For more information related to the plan, visit the nearest branch of LIC or visit the official website.
(Disclaimer: The purpose of this article is only for information sharing. Informalnewz does not provide investment advice in any scheme.)
