LIC Policy: By depositing only Rs 166, you will get Rs 50 lakh in this year, know the great policy of LIC

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LIC Policy: By depositing only Rs 166, you will get Rs 50 lakh in this year, know the great policy of LIC

LIC Bima Ratna Policy.

LIC Bima Ratna Policy.

LIC Bima Ratna Policy: Life Insurance Corporation of India LIC is the oldest and largest insurance company in India. Insurance policies are offered by LIC for people of all ages. In today’s news, we are going to tell you about LIC’s Bima Ratna policy. It is a non-linked, non-participating, individual saving life insurance plan, which offers guaranteed bonuses. By investing Rs 5 lakh in this policy, the investor can get Rs 50 lakh on maturity.

One of the most important features of Bima Ratna policy is that it requires a short premium payment term, and investors are guaranteed to receive the bonus on maturity. The policyholder should have a minimum sum assured of Rs 5 lakh. The minimum age to invest in this scheme is 90 days, while the maximum age is 55 years. Investors can pay their premiums on a monthly, quarterly, half-yearly or yearly basis as per their convenience.

The policy term is available in 15, 20 and 25 year options, with premium payments being made for shorter terms depending on the term selected. For example, investors opting for a term of 15 years will have to pay premiums for 11 years, while those opting for a term of 20 years will have to pay premiums for 16 years, and those opting for a term of 25 years If he chooses he will have to pay premiums for 21 years.

Investing in this policy can fetch substantial returns. Rs 5 lakh invested for 15 years as a minimum amount can earn around Rs 900000. Investors will have to pay a minimum monthly premium of Rs 5000, which equates to a savings of around Rs 166 per day. If you choose a maximum term of 25 years, you can get Rs 50 lakh on maturity. LIC Bima Ratna policy is a great investment option for those who are looking for guaranteed bonus and good investment returns. With its short premium paying term, investors can easily calculate the amount of bonus they will get at maturity, making it a convenient and safe option for saving and investing.

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