Savings Plus Plan / LIC's policy is very useful, there are many benefits
We are all working to be financially sound. A good home, good education for children and saving money for marriage, living a marvelous life after retirement etc. are our priorities. We can meet the economic goal through investment and savings plans. There are many such government schemes available in the market. If you are also thinking of a plan then Life Insurance Corporation of India i.e. LIC is the best.
LIC
LIC introduced a new scheme 'Bachat Plus'. It also features savings along with security. Let us know the special thing about this policy
According to the company, the savings plus plan will mature in 5 years.
If the policyholder dies during the term of this policy, financial support will be available to the nominee before maturity.
Also, if the policyholder is alive at maturity, he will get a lump sum.
A minimum policy of one lakh rupees can be taken. While there is no limit to the maximum amount.
The policyholder can also take a loan in this scheme if required.
You will also get benefits under 80C when you buy the policy.
This is an endowment plan, with a tenure of 10 to 25 years and investments can be made on a monthly, quarterly, half-yearly and yearly basis.
Keep in mind that if you cannot pay the premium, the policy will lapse at the end of the gross term. This means that the cover will be removed and no benefit will be received.
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