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HomePersonal FinanceLIC Policy: Invest only Rs 29 in this scheme of LIC, you...

LIC Policy: Invest only Rs 29 in this scheme of LIC, you will get Rs 4 lakh; Know policy details

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If you are thinking of investing somewhere, then this news is for you only. Today we are going to tell you about a best scheme of Life Insurance Corporation of India (LIC). People trust the policy of LIC. Because here the risk is negligible. LIC offers great policies from time to time. Now LIC has come up with a special policy to make women customers self-reliant.

Women of 8 to 55 years can invest

This policy of LIC has been made keeping in mind the interest of women. The name of this scheme is LIC Aadhaar Shila Yojana. Under this scheme of LIC, women of 8 to 55 years can invest in it.

29 rupees will have to be saved daily

If used wisely, this plan can fetch you lakhs of rupees. You can get up to Rs 4 lakh by saving just Rs 29 every day.

Here are the conditions of this scheme

LIC’s Aadhar Shila plan gives both security and savings to its customers. But only those women can take advantage of this, whose Aadhar card is made. On maturity, the policyholder gets the money. This plan of LIC also provides financial help to the policyholder and the family after his death.

Premium and Maturity

Under the LIC Aadhar Shila Scheme, a minimum investment of Rs 75000 and a maximum of Rs 3 lakh can be made. The maturity period of this policy is minimum 10 years and maximum 20 years. The maximum maturity age of this scheme is 70 years. At the same time, the premium payment of this plan is done on monthly, quarterly, half yearly or yearly basis.

Understand this calculation

You can understand this scheme with an example. Suppose if you are 30 years old and deposit Rs 29 daily for 20 years, then in the first year you will have a total deposit of Rs 10,959. Now there will also be 4.5 percent tax in it. Next year you will have to pay Rs 10,723. In this way, you can deposit these premiums on every month, quarter, half yearly or yearly basis. You will have to deposit Rs 2,14,696 in 20 years and you will get a total of Rs 3,97,000 at the time of maturity.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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