Even today, there is a large section of the country who prefer to invest in the policy of Life Insurance Corporation of India instead of investing in any risky option. There was a time when it was believed that only rich people do investment work. But, with the changing times, now so many investment options have come, so that people from middle class and weaker economic class can also invest. Today we are going to tell you about such a policy of LIC in which people of low income group can also invest easily.
This plan is LIC Bhagyalakshmi plan. This scheme has been made for low income people only. In this scheme, you get a fixed sum assured amount on maturity. Along with this, no tax is levied on this amount. So let us tell you some special things about this policy-
Term plan with return premium is available in this policy
By purchasing this policy, the insured gets the benefit of term plan with return premium. According to this, the policy holder gets 110 Sum Assured on maturity. Along with this, there is a short term plan.
Special features of LIC Bhagyalakshmi Yojana-
To take this policy, your age should be between 19 years to 55 years.
This policy can be taken for a minimum of 5 years and a maximum of 13 years.
On buying this policy, the insured gets at least 20 thousand rupees as Sum Assured.
At the same time, the maximum sum assured is 50 thousand rupees.
Under this scheme, you can deposit one parent premium every month, three months, 6 months or a year.
110 percent Sum Assured will be available on Maturity.
The insured does not get the facility of loan on this policy.
If a person dies after taking the policy after one year, then his family gets the benefit of death benefit.
LIC Bhagyalakshmi can surrender the policy
After taking the LIC Bhagyalakshmi plan, if you do not like it, then you can surrender the policy in between. In such a situation, up to 90 percent of the deposited money will be returned.