LIC SIIP Plan: Invest Rs 133 Daily, Get Three Times the Money
LIC SIIP Plan: In today’s time, you have many investment options in front of you. Along with investment, there are many options for insurance as well.
At the same time, there are some such options, in which you get the benefit of both investment and insurance.
LIC is the country’s largest insurance and government company. LIC offers many policies, which provide insurance as well as investment benefits.
Many people invest in LIC policies. If you are thinking of investing in any policy of LIC, then here we will give you information about one of its policies, in which many benefits are available.
Know the Details of the Policy
LIC has such a policy, in which you will get the benefit of long-term investment along with the security of insurance. Anyone can invest in this policy of LIC.
If you also want to invest money in this policy, then tell that the name of this policy is LIC Regular Premium Unit Linked Plan. This is a Systematic Investment Insurance Plan (SIIP) plan.
How Much to Invest
You will have to invest 40 thousand rupees annually in this insurance scheme. You have to make this investment for 21 years. After this, you will be given three times the money on the maturity period of 21 years.
How to Deposit Premium
In this SIIP plan of LIC, you will have to deposit premium for 21 years. As far as depositing the premium is concerned, you can do this work on monthly, quarterly, half-yearly and yearly basis as well.
If you choose the annual option, then in that case your annual premium will be Rs 40,000.
Know Half Yearly, Quarterly and Monthly Premium
If you pay the annual premium in this policy, then you will be in profit. Because in half yearly option your premium will be Rs 22000, which will be Rs 44000 for the year.
Similarly, if the premium is deposited on a quarterly basis, it will be Rs 12,000. On the other hand, the premium amount on monthly basis will be Rs.4000.
Another important thing is that this policy comes with a grace period. That is, if you are late in depositing the premium, then you will also be given extra time.
Get Triple Benefit Like This
Suppose you choose a monthly plan, then your premium will be Rs 4000 per month. You can deposit Rs 133 with you daily and can deposit Rs 4000 every month.
In this way, your total deposit amount in 21 years will be Rs 10,08,000. But after 21 years on maturity you will get around 35 lakh rupees.
This is more than three times the amount deposited. In this policy, investors also get an insurance cover of 4,80,000.
How to Apply
This policy can be bought both offline and online. If you want to buy offline then go to any LIC office. For online you go to the official website of LIC. You can apply directly from there.
