Nowadays there are many affordable term insurance plans available in the market, by investing in which you can get great returns.
In such a situation, today we are going to tell you about the LIC New Yuva Term Plan, under which you are provided with great benefits.
In such a situation, at present, you can create a huge fund by investing a very small amount under this scheme.
LIC New Yuva Term Plan
For your information, let us tell you that if you can invest only ₹ 33000 under this insurance scheme, then you can get a term insurance of one crore, we will tell you how you can get it, at present it is a scheme of LIC started for the youth, it is a type of non-liquid scheme.
Know about the policy
For your information, let us tell you that to invest in this policy, your minimum age should be 18 years and your maximum age should be less than 45 years. Along with this, the policy period is from 15 years to 40 years.
If we talk about the minimum premium option, then you get a minimum sum assured of 50 lakhs, and the maximum sum assured is said to be 5 crores.
Similarly, if you want to take insurance of Rs 50 lakh to 75 lakhs, then you have to invest according to the multiplication of one lakh. Similarly, for insurance of Rs 75 lakh to 5 crores, you have to choose a multiplication of 25 lakhs.
Premium amount timing
If we talk about investment in the present time, then if a policyholder starts investing from the age of 20, he will have to deposit at least 4550 every year for a sum assured of 50 lakhs.
Similarly, if someone wants to invest from the age of 30 to 50 years, then he will have to deposit at least 5950, and similarly, if someone wants to start investing from the age of 40, then he will have to deposit at least 8700 every year for 50 lakhs.
You will get these benefits
For your information, we have told you that there is a term insurance plan in which maturity benefits will not be available.
Along with this, if the policyholder dies, then death benefits will be provided to his family or nominee during the period.
Whatever the premium time or time, all that amount will be given to the policyholder’s family or nominee.