LIC has brought new investment plan for children, save rupees 150 each day and get up to 19 lakh with interest, know the scheme
By Lokmat English Desk | Published: January 6, 2022 04:13 PM2022-01-06T16:13:24+5:302022-01-14T13:15:33+5:30
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Life Insurance Corporation of India (LIC) is constantly introducing various schemes for the people. In which the investors get good returns along with the insurance.
LIC has come up with a great scheme for investing in children's future. This will secure their future or they will be able to earn more money till they get a job.
This is a kind of Children Money Back Plan. If you save Rs 150 per day in it, you will get great benefits.
Life Insurance Corporation's new Children Money Back Plan policy is for 25 years.
In this case, the maturity amount is paid to you in installments. This amount is paid for the first time when your child is 18 years old, for the second time when he/she is 20 years old, and for the third time when he/she is 22 years old.
Under this scheme, the life insured gets 20-20% of the sum assured as money back tax. In addition, the child is paid in full at the age of 25. A bonus is also given along with the remaining 40% amount. That is if one invests in this policy.
In this policy, 60% of the amount will be paid in installments and 40% will be paid along with the maturity bonus. Under this, insurance of at least Rs. 1 lakh can be taken. There is no ceiling for this.
If anyone saves Rs 150 per day under this policy, their annual deposit will be Rs 55,000. This means that according to 365 days, you have to deposit Rs. 14 lakhs in 25 years.
If you deposit Rs 14 lakh, you will get Rs 19 lakh at maturity. If you do not want to withdraw money before maturity, you will be paid at the end of maturity along with the bonus.