New Delhi: Life Insurance Corporation of India (LIC) offers several investment plans that offer guaranteed, great returns. Apart from many other benefits, investors get annualized returns with the insurance plan.
LIC Bima Jyoti Policy is a non-linked, non-participating, individual savings plan offered by the country’s largest insurance company. The investment in this scheme offers impressive returns as compared to most of the fixed deposit schemes. Perhaps this is the reason why this scheme is gaining popularity.
How to invest in LIC Bima Jyoti Policy?
Investors planning to invest their money in LIC Bima Jyoti policy can start investing online or offline. You can visit the official website of LIC to buy the policy, while you can visit the nearest branch of LIC or contact the LIC advisor to invest in the plan in offline mode.
LIC Bima Jyoti Age Limit
The minimum age to start investing in LIC Bima Jyoti policy is 90 days while the maximum age limit is 90 days.
LIC Insurance Jyoti Key Points To Note –
Investors will have to invest at least Rs 1 lakh in the policy.
There is no upper limit on the investment made under LIC Bima Jyoti policy.
Investors can buy policies for a tenure of 15 years to 20 years.
Investors will have to invest five years less than the maturity age. For example, investors opting for a 20-year policy will have to invest for 15 years. Read also: Don’t Buy Foolish Apple Cloths, Says Elon Musk Because He Promotes Tesla Cyberwhistle
lic insurance jyoti benefits
Investors also get many other benefits from the policy. In case of death of the investor, the nominee receives the sum assured, which is approximately 7x of the annual premium. Read also: WhatsApp October compliance report: 2 million Indian accounts banned, 500 reports received
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