LIC Plan – In today’s world, financial security is more important than ever. With rising expenses and uncertain times, having a solid investment plan can help secure your future. LIC (Life Insurance Corporation of India) has come up with an unbelievable offer that combines savings, life insurance, and long-term benefits, all for just ₹45 per day. Yes, you read that right – with such a minimal daily investment, you could accumulate a whopping ₹25 lakh in the long run. Let’s break down this incredible offer and see why it could be a game-changer for your financial plans.
What’s This LIC Plan Offering ₹25 Lakh?
This new LIC policy is designed to offer both life insurance coverage and a substantial maturity benefit that can reach up to ₹25 lakh. The idea is simple: you invest just ₹45 daily, which adds up to ₹1,350 per month. Over a period of 20 to 25 years, you could potentially build a corpus of ₹25 lakh.
Key Highlights:
- Daily Investment: Around ₹45
- Monthly Premium: ₹1,350
- Maturity Benefit: Up to ₹25 lakh (approximately)
- Policy Term: 20 to 25 years (flexible)
- Age Eligibility: 18 to 55 years
- Life Cover: Yes, included throughout the policy term
Why Should You Consider LIC’s ₹45 a Day Plan?
The LIC plan offers several benefits that make it particularly attractive, especially for middle-income earners and families looking for safe, reliable, and low-risk investments.
- Affordable Investment, Big Returns: For just ₹45 per day, you can accumulate ₹25 lakh over time. This is an investment that doesn’t break the bank but has the potential for huge returns.
- Tax Benefits: The premiums paid for this policy are eligible for tax deductions under Section 80C of the Income Tax Act. This can help you save on taxes while you invest.
- Life Insurance Coverage: Besides saving for the future, this plan provides life coverage, ensuring that your family is financially protected in case something unfortunate happens.
- Loan Facility: After a few years of paying premiums, you can avail of loans against the policy if you ever need financial assistance.
- Guaranteed and Bonus Payouts: LIC’s bonus system can boost your returns, making the maturity amount even higher than initially expected.
How Does the ₹25 Lakh Accumulation Work?
Let’s take a closer look at how this small daily investment can help you build such a large amount:
- Daily Investment: ₹45
- Monthly Premium: ₹1,350
- Annual Premium: ₹16,200
- Policy Term: 25 years
- Total Investment: ₹4,05,000 (over 25 years)
- Maturity Benefit: ₹25,00,000 (including bonuses)
This calculation gives you an idea of how much you’ll invest in the long run and the potential maturity benefit. Keep in mind that the final maturity amount may vary depending on the bonuses declared by LIC over the years.
Additional Features That Make This Plan Stand Out
- Flexible Term Options: You can select a policy term of anywhere between 20 and 25 years, allowing you to align your investment with your financial goals.
- Survival Benefits: If you choose a money-back option, you’ll receive periodic payouts before the maturity date, which can be helpful in managing expenses during the policy term.
- Death Benefit: If something happens to you during the term, your family will receive the sum assured along with any bonuses, providing them with financial security.
- Revival Option: If your policy lapses, there’s a window to revive it, so you don’t lose the benefits.
- Surrender Option: If necessary, you can surrender the policy after paying a minimum number of premiums.
How to Apply for This LIC Plan?
Interested? Here’s how you can apply for this amazing plan:
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- Through an LIC Agent: You can reach out to a local LIC agent who can guide you through the process and help you choose the right plan.
- Online via LIC Website: The process is simple online with minimal paperwork. Just visit the LIC website to apply directly.
- In-Person at a LIC Branch: You can also visit the nearest LIC office with basic documents such as ID proof, address proof, and passport-sized photographs.
Required Documents:
- Aadhaar Card
- PAN Card
- Address Proof
- Income Proof (if required)
Who Should Consider This Plan?
This LIC plan is a great choice for several groups of people:
- Young Professionals: If you’re just starting your career, this plan helps you build wealth gradually with minimal effort.
- Middle-Class Families: It’s ideal for families who want a safe and guaranteed way to save for the future.
- People Seeking Dual Benefits: If you want both life insurance and a savings plan in one, this is the perfect solution.
- Parents Planning for the Future: Whether for your children’s education or marriage, this plan can help you save for big expenses down the line.
LIC’s ₹45 a day plan offers an incredible opportunity for people looking to build wealth safely while having the peace of mind that life insurance brings. With guaranteed returns, tax benefits, and the added advantage of life cover, this is a plan worth considering. Before signing up, however, make sure to assess your financial goals and talk to an LIC representative to ensure this plan aligns with your needs.
