ULIP Plan of LIC 2021: Get 7 lakh rupees with a monthly amount of 3000 rupees.
Welcome back to our informative blog site knowing steps360. The country's largest government insurance company has many types of plans for the common people. If you want to earn money from Mutual Funds and want to get better returns without the risk of the market, then this plan of LIC is the best. The name of this plan is LIC's SIIP plan. This is a unit-linked plan.
LIC ULIP Plan Return Investment details
If you have taken this policy for 10 years. Its annual installment is Rs 40,000. Which works out to around Rs 3,333 monthly. On completion of 10 years, you get a guaranteed return of 105% i.e. Rs 4.20 lakh. To understand this more understand the calculation. In 10 years, you deposited an amount of about Rs 3,99,960 at the rate of Rs 3,333. Now that you have completed the tenure of 10 years, then according to the current NAV and returns, you will get a profit of Rs 3.08,068 on this. That is, after 10 years you will get a total amount of Rs 7,08,028.
Percentage of Income Also Increases
As the term of your policy increases, the percentage of your guaranteed income also increases. In this scheme, you also get the option to choose from many riders. If the policyholder dies during the term of the policy, the company pays a lump sum to return 105 percent of the total premium to the nominee. At the same time, even after the term of the policy is over, you get a return of 105 percent of the total amount.
The Policy Almost double your amount
The special thing about this policy is that in addition to almost doubling your amount, you get more benefits. Like the facility to withdraw money in between, the facility to switch your funds, the facility to revive the discontinued policy, the facility of pre look period and you can also take a loan against this policy.
Check Also: What Rules changes in the Banking sector from 1st August?
Check Also: LIC New Policy Only for 233 rs, get return up to 17 lakh.
0 Comments