These days, folks are putting their money into various savings schemes. Many are also exploring different investment options that promise solid returns. Plus, the government offers a bunch of schemes too.
One standout option is the Life Insurance Corporation of India (LIC) policies, which can yield impressive returns. For instance, the LIC Jeevan Umang policy is known for its high returns. By investing just Rs 1,300, you could build a fund of Rs 27.60 lakh, and this policy offers coverage for up to 100 years.
Anyone aged between 3 and 55 can invest in the Jeevan Umang Policy, with a minimum insurance amount of Rs 2 lakh. The premium payment terms are flexible, spanning 15, 20, 25, or 30 years. If you choose a 30-year plan and pay a monthly premium of Rs 1,302, you’ll end up contributing Rs 15,298 each year, totaling Rs 4.58 lakh over 30 years.
This investment can yield an annual return of Rs 40,000, meaning you could potentially receive Rs 27.5 lakh after 30 to 100 years. You can sign up for this policy online or through an LIC agent. Additionally, LIC’s Jeevan Anand and Jeevan Shanti policies also offer great returns. It’s wise to compare different policies before making any investment to secure your future.
Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.