LIC Micro Bachat Insurance Policy: LIC is the oldest and most reliable insurance policy of the country. Even today, a large number of people in the country prefer to invest money in LIC. The big reason for this is that it is free from market risk and it keeps on coming up with plans for every section of the country. Today we are going to tell you about such a policy of LIC which has been specially made for the people of weaker economic class only. This policy helps in providing both protection and savings to the investor. The name of this policy is LIC Micro Bachat Policy.
Special features of LIC Micro Bachat Bima Yojana-
Your age should be between 18 years to 55 years to invest in this policy.
To invest in this scheme, the insured does not need to undergo any kind of medical examination.
In this scheme, if you pay the premium for 3 years, then you get the freedom to pay the premium for the next 6 months.
If the insured chooses the tenure of five years of this policy, then in such a situation he also gets the facility of auto cover of 2 years.
On investing in this scheme, the investor gets a minimum of Rs 50,000 and a maximum of Rs 2 lakh.
Under this scheme, you also get the facility of loan but, this facility is available after 3 years of premium payment.
You can buy this scheme for 10 to 15 years.
You can pay the premium of this scheme on every month, three months, 6 months and yearly basis.
With this, if desired, the policyholder can also add a policy of accidental insurance to it. Keep in mind that you will have to pay a separate fee for this accidental policy.
28 will have to be paid to buy the policy
It is worth noting that if a person buys LIC Micro Savings Insurance Plan for 15 years at the age of 18, then he will have to deposit around Rs 10,080 every year. This will be made as a premium of Rs 840 every month. At the same time, it will become about 28 rupees a month for the daily. Along with this, let us tell you that if you do not like it after purchasing the policy, then you can return it within 15 days of purchase.