New Delhi: Life Insurance Corporation of India (LIC) offers various safe policies to the investors giving bumper returns. These schemes are most beneficial for those investors who want to secure their future by investing a little today. In one such LIC policy called Jeevan Umang policy, investors can get lakhs of rupees on maturity by investing around Rs 1300 per day.
Jeevan Umang policy provides coverage to investors whose age is between 90 days to 55 years. A long term investment strategy in the policy can fetch you huge returns in your account.
The nominees of the policyholders also get a lump sum payment in their bank accounts in case of some unfortunate event. Lump sum is the final payment to be paid to the family members of the policyholder and the nominee after the death of the policyholder.
Also, this plan is one of the few policies that cover investors who are around 100 years of age.
Get Rs 27.60 lakh like this:
Suppose, if an investor starts investing Rs 1302 in the policy by saving Rs 44 per day, the person will be around Rs 15,298 in a year. If the individual continues to pay premiums for 30 years, the amount invested in the policy will be Rs 4.58 lakh in the policy. Read also: Redeem codes for Garena Free Fire today, February 6th: Check out how to get free rewards
From the 31st year onwards, LIC will start giving a return of Rs 40,000 every year on the investments made by you under the scheme. So, if you get an annual return of Rs 40,000 over 31 years, you would have accumulated around Rs 27.60 lakh by the time you complete 100 years. Read also: Kia Carense vs Kia Seltos Spec Comparison: Cabin, Features, Price & More
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