Only Rs 800 investment / deposit per month and return up to Rs 5 lakh, know the whole process

By | April 17, 2021

Only Rs 800 investment / deposit per month and return up to Rs 5 lakh, know the whole process

The small savings made every month, if invested in the right place, can give you a nice return in the . LIC has a policy called Life Benefit, in which you can earn millions of rupees by investing less than one thousand per month. Not only this, with the help of Death Claim you can do great things for your family.

Who can invest

 LIC’s policy is open to anyone between the ages of 8 and 54. If a 54 year old buys this policy, the maximum policy term for him will be 21 years. When the term of the policy is 25 years, the maximum age of the policyholder should be 50 years. 

Special matters connected with the policy 

The minimum amount is Rs 2 lakh, while there is no limit on the maximum amount. The policy period will be for three years, covering 16 years, 21 years and 25 years. In that case you have to pay premium for 10, 15 and 16 years. Under Life Benefit policy you will get accidental death and disability, accident benefit, new termGuaranteed and new critical illness rider benefits are also available. This means that if the policyholder dies or becomes disabled after taking out the policy, he or she will receive financial assistance.

How to benefit

 If you are 30 years of age and you take out Sum Assured of Rs. 2 lakhs, the term of the policy will be 25 years. You have to pay its premium for 16 years. If you pay 800 rupees per month, the total payment benefit will be about 1 lakh 53 thousand. In it you get Rs1000 You will get a bonus of Rs. This will bring your total bonus amount to Rs 2.35 lakh. There will also be an added bonus on maturity. It will be Rs 450 per thousand rupees. 

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