The Life Insurance Corporation of India (LIC) has recently introduced the latest premium endowment plan. This investment plan will allow the policy buyers to invest to make their future financially secure. The most unique thing about this plan is that the premium amount is highly low and returns are paid in lakhs.
LIC Investment Scheme: New Premium Endowment Plan
This new endowment plan from LIC offers two-in-one financial assistance. It provides regular income as well as a lump sum pool of funds at the end of the term. These funds can be invested in your child’s future education needs, your future house or apartment, luxurious retirement, etc. Moreover, you will be amazed to know that this plan also comes with insurance coverage and adequate tax benefits. This is probably the best LIC Scheme.
About High Returns
This scheme only wants you to invest ₹71 per day and take away ₹48.5 lakhs on maturity. And the second best thing about this LIC scheme is, life insurance coverage, that will compensate after an untimely death and tax benefits will reduce the overall investment cost.
How To Invest?
- Visit the nearest LIC branch and contact a representative.
- He or she will explain everything regarding the New Premium Endowment Plan.
- If you find out that it’s the best plan for you then register yourself.
- You can set the premium amount and start making monthly contributions.
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Who Is Eligible To Invest?
- The minimum and maximum ages are 8 and 55 years to invest in this scheme.
- As per the investor’s age, the contributing term will vary from 12 to 35 years.
- There is no cap on maximum investments but the minimum investment amount is set at ₹1 Lakh.
Note- Remember that the amount you will receive on maturity will depend upon your daily investment amount.
