Life Insurance Corporation of India- LIC is a government insurance company. Which offers a variety of insurance and investment options. People prefer most of LIC's policies. This wish can be fulfilled if you want to invest a little and get a lot of return. LIC has launched a scheme for this. Named LIC New Money Back Policy.
The specialty of this scheme is that the insured get money back every year for 5 years, good return on maturity, as well as tax insurance benefits. This money back plan from LIC is a non-linked life insurance policy. Which guarantees returns and bonuses. You will get 2 options of 20 years and 25 years to take this plan. This policy is a completely tax free policy. With this, there will be no tax on interest, premium payment and maturity amount. If you invest Rs 160 per day in this scheme for 25 years, you will get Rs 23 lakh after 25 years.
According to LIC, a person can take this plan for 13 to 50 years. In this plan, every fifth year i.e. fifth year, tenth year, 15th year, 20th year, you will get 15-20% money back. But this will only happen when at least 10% premium is credited. Along with this, investors will be given bonus at maturity. The scheme will also provide a total of Rs 10 lakh for accidental death. Upon maturity, investors will also be given bonuses.
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