If you want to secure your future financially then you can take advantage of many policies of Life Insurance Corporation of India. Not only will you get insurance cover under LIC policy, but it will also help in adding a lot of money for your future. At present, LIC has many such policies, which are very popular among the people. Some of these policies are for the long term and some for the short term. If you also want to invest a little bit and are looking for a policy of LIC, then new moneyback policy can become a better option for you.
Let’s know about this policy of LIC …
LIC’s New Money Back Policy is a kind of non-linked life insurance policy, which gives guaranteed returns and bonuses. The specialty of this plan is that the insurer gets money back in 5 years, better returns in maturity, as well as tax insurance benefits every year. There are many benefits available with tax exemption. This policy is a completely tax free policy. Along with this, there will be no tax on the amount received on its interest, premium payment and maturity.
If you invest 160 rupees every day for 25 years, then after 25 years you will get up to 23 lakh rupees. According to LIC 20 per cent money back every fifth year, anyone from 13 years to 50 years can take this plan. In this plan, every fifth year i.e. 5th year, 10th year, 15th year, 20th year, you will get 15-20% money back. But this will only happen when at least 10 percent of the premium will be deposited. With this, investors will be given a bonus on maturity. In this plan of total 10 lakh rupees, you will also get the benefit of accidental death. On maturity, investors will also be given a bonus.