With a diverse range of plans and policies, LIC empowers investors with choices tailored to their needs.
New Delhi: When it comes to building a secure financial future, the Life Insurance Corporation of India (LIC) stands tall as a beacon of trust. LIC not only offers assured returns but also presents a multitude of plans that not only secure your future but also provide avenues for tax savings.
Read More: Punjab National Bank Hikes Interest Rate On FDs; Check Revised Rates
Diverse Options, Assured Growth
With a diverse range of plans and policies, LIC empowers investors with choices tailored to their needs. Each plan has specific eligibility criteria, ensuring that investors find the perfect fit for their financial goals.
For those seeking a robust investment, the LIC Regular Premium Unit Linked Plan, SIIP, beckons. Imagine investing Rs 40,000 annually for 21 years and reaping three times that amount upon maturity – that’s the magic of SIIP.
Tailored Premium Payment Options
SIIP allows investors flexibility in premium payments over 21 years. Whether you opt for monthly, quarterly, half-yearly, or yearly payments, the choice is yours. Opting for the annual premium route? That means committing Rs 40,000 each year.
Read More: Bank of India FD: BOI launches ‘Super Special Fixed Deposit Scheme’ with 7.50% interest rate
Annual Adventure: Invest Wisely, Reap Bountiful Rewards
For the annual premium warriors, the investment journey involves contributing Rs 40,000 per year.
Half-Yearly Hustle
If you prefer a semi-annual dance with premiums, get ready to shell out Rs 22,000 every six months.
Choosing the quarterly option means parting ways with Rs 12,000 every three months.
Monthly Marvel
For the monthly enthusiasts, a premium of Rs 4,000 monthly (approximately Rs 133 per day) sets the wealth-building wheels in motion.
Read More: Rupee Falls 11 Paise To 83.32 Against US Dollar In Early Trade
21-Year Magic Unveiled
Investing Rs 4,000 monthly for 21 years totals Rs 10,08,000. Brace yourself for the enchanting finale – after 21 years, you’ll witness financial wizardry, with returns touching around Rs 35 lakh, surpassing three times your invested amount.
SIIP Perks
Under SIIP’s benevolent umbrella, investors are gifted an insurance cover of Rs 4,80,000.
