New Delhi: When it involves constructing a safe monetary future, the Life Insurance Corporation of India (LIC) stands tall as a beacon of belief. LIC not solely provides assured returns but in addition presents a large number of plans that not solely safe your future but in addition present avenues for tax financial savings.
Diverse Options, Assured Growth
With a various vary of plans and insurance policies, LIC empowers buyers with decisions tailor-made to their wants. Each plan has particular eligibility standards, making certain that buyers discover the right match for his or her monetary objectives. (Also Read: iPhone 15 Price Cut; Now Available At This Price On Flipkart: Check How Deal Works)
Enter The LIC Regular Premium Unit Linked Plan: SIIP
For these looking for a sturdy funding, the LIC Regular Premium Unit Linked Plan, SIIP, beckons. Imagine investing Rs 40,000 yearly for 21 years and reaping 3 times that quantity upon maturity – that is the magic of SIIP. (Also Read: Journey Of Grit, Innovation, And Success: Meet Sameer Gehlot, India’s Youngest Billionaire & Architect Of Rs 34,000 Crore Business Empire)
Tailored Premium Payment Options
SIIP permits buyers flexibility in premium funds over 21 years. Whether you go for month-to-month, quarterly, half-yearly, or yearly funds, the selection is yours. Opting for the annual premium route? That means committing Rs 40,000 every year.
Annual Adventure: Invest Wisely, Reap Bountiful Rewards
For the annual premium warriors, the funding journey includes contributing Rs 40,000 per yr.
Half-Yearly Hustle
If you favor a semi-annual dance with premiums, get able to shell out Rs 22,000 each six months.
Quarterly Quest
Choosing the quarterly choice means parting methods with Rs 12,000 each three months.
Monthly Marvel
For the month-to-month lovers, a premium of Rs 4,000 month-to-month (roughly Rs 133 per day) units the wealth-building wheels in movement.
21-Year Magic Unveiled
Investing Rs 4,000 month-to-month for 21 years totals Rs 10,08,000. Brace your self for the enchanting finale – after 21 years, you will witness monetary wizardry, with returns touching round Rs 35 lakh, surpassing 3 times your invested quantity.
SIIP Perks
Under SIIP’s benevolent umbrella, buyers are gifted an insurance coverage cowl of Rs 4,80,000.
Source: zeenews.india.com
