LIC Policy: Life Insurance Corporation of India offers a wide range of life insurance plans to people. Through these schemes, people can invest for long periods and also get financial coverage on their lives.
People get both benefits during life and after life through LIC’s life insurance. In such a situation, today we are going to tell about LIC’s New Endowment Plan (914), which can be found good returns by starting in less money.
The plan of LIC (LIFE Insurance Corporation) here is the name of LIC’s New Endowment Plan (914)! Through this scheme, people can open LIC for up to 35 years. The person being covered through this scheme should be at least 8 years and maximum 55 years! At the same time, the minimum insurance amount for this scheme should be Rs 1 lakh.
Take care of these things in life insurance corporation
A person’s age and policy period matters a lot to get good returns from any LIC (LIFE Insurance Corporation) insurance scheme. Apart from this, how much money you invest is also very important. In such a situation, whenever you take a policy, you should pay great attention to these three aspects.
Some special things about this LIC policy
To take this LIC policy, the minimum age should be 8 years and the maximum age should be 55 years. In this LIC plan, you have to take at least 12 years and maximum 35 years term, that is, you will have to invest in this plan for at least 12 years, while the maximum investment can be made for 35 years! At least in this LIC (Life Insurance Corporation) plan, you will have to keep the sum assured amount of Rs 1 lakh.
If a person starts investing in this LIC scheme at the age of 25, holds a policy period of 35 years and chooses a sum assured of Rs 9 lakh, then the monthly premium amount for the first year will be Rs 2046. From next year, a person will have to pay a premium of Rs 2002 every month for this LIC (Life Insurance Corporation) policy.
In this LIC policy you will get full 43 lakh rupees
In such a situation, for a policy with LIC Samad of Rs 9 lakh, a person will have to pay a premium of Rs 8,23,052 for 35 years. In return, a person will get Rs 43,87,500 on maturity after 35 years. In such a situation, a person can prepare a fund of more than Rs 43 lakh by giving a monthly premium of Rs 2 thousand for 35 years in LIC (Life Insurance Corporation).