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LIC Bima Jyoti: Life Insurance Corporation of India (LIC) is the largest government insurance company in the country. Along with providing insurance plans, LIC also provides many investment plans. Today we are going to tell you about an investment plan in which you can save money by investing and you also get insurance protection. Here we are going to tell you about LIC's Bima Jyoti Yojana. Let us know about the benefits of this plan.
Benefits of LIC Bima Jyoti Yojana
As we told you above that LIC's Bima Jyoti Yojana gives you the benefits of savings as well as insurance plans. This plan also provides you death benefits. On the death of the policyholder during the policy term, the nominee is given 125% of the basic deposit amount or 7 times the annual premium. On completion of the policy term, the policyholder is also given a guaranteed additional amount along with the basic sum assured.
10,000 every month for 10 years
According to the LIC premium calculator, if you deposit Rs 10,000 every month for 10 years in this scheme, you will get Rs 17 lakh 90 thousand after 15 years. By investing Rs 10,000 every month for 10 years, you will invest a total of Rs 12 lakh in this scheme and after 15 years you will get Rs 17.9 lakh. In this way, an investment of Rs 12 lakh gives a return of about 7.5 percent every year.
Eligibility for LIC Bima Jyoti
Any Indian citizen whose age is between 90 days to 60 years can invest in this LIC scheme. LIC's Bima Jyoti Yojana offers a minimum sum assured of Rs 1 lakh and there is no maximum limit.