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When we start earning, we look for different options for investment. Many people earn money but still their bank balance always remains low. It is best to invest in a good scheme to grow your wealth. Many schemes are run by the government for different investments. There is no risk of money in this and a huge amount is also available on maturity.
Today we are going to tell you about one such scheme. In which you can save well by depositing small amounts. This scheme is of LIC. LIC keeps issuing policies from time to time for people of different ages including women. In which people can invest and deposit a good amount of money after a few years. Let us tell you about this scheme.
LIC Aadhar Shila Policy
Life Insurance Corporation of India (LIC) has plans for every age group of the society. LIC Aadhar Shila Policy is a good plan for people with average income. Its minimum amount is Rs 75000 and maximum Rs 3 lakh. You can deposit a small amount every day to invest in LIC Aadhar Shila Yojana. It is a long-term investment like most LIC policies.
It also provides death cover to the person. If a person invests Rs 58 every day, he will get lakhs of rupees on maturity. The policy sum on death is seven times the annual premium and 110% of the basic sum assured. The minimum age to avail this scheme is 8 years and maximum 55 years. The time limit of the policy is 10 to 20 years.
Will create a fund of Rs 8 lakh by investing Rs 58 every day-
Suppose, at the age of 30, you deposited Rs 58 in this scheme every day for 20 consecutive years, then a total of Rs 21918 will be deposited in your account. First Year. On which you will also have to pay tax at the rate of 4.5 percent. Then in the second year you will have to pay Rs 21446.
In this way you will pay this premium on monthly, quarterly, half yearly or yearly basis. By paying premium every year, you will deposit Rs 429392 for 20 years. After this, at the time of maturity you will get a total of Rs 794000.