LIC Bima Ratna Policy: LIC’s Bima Ratna plan offers three major benefits. 1st Money Back, 2nd Guaranteed Bonus and 3rd Death Benefit. The policy term of this scheme is up to 15 years and by investing in it investors can get up to 10 times of their initial deposit amount.
LIC Bima RatnaPolicy: Country’s largest and oldest insurance company LIC (L.I.C.) people trust the most. Even today, LIC remains the first choice of the people. In fact, LIC keeps bringing different plans to meet the needs of all sections of the society. There are everyone from poor to rich among the people who take the policy of LIC. Today we will tell you about LIC’s Bima Ratna Policy, in which you can get up to Rs 50 lakh on maturity by investing Rs 5 lakh.
LIC’s Bima Ratna plan offers three major benefits. 1st Money Back, 2nd Guaranteed Bonus and 3rd Death Benefit. The policy term of this scheme is up to 15 years and by investing in it investors can get up to 10 times of their initial deposit amount.
As per the plan, investors get 25% return on their investment during the 13th and 14th year of the policy for a policy term of 15 years. Similarly, for a policy term of 20 years, investors get 25% return on their investment during the 18th and 19th year and for a policy term of 25 years, the return is received during the 23rd and 24th year of the policy.
The plan also offers a bonus of Rs 50 on every Rs 1000 for the first five years, which increases to Rs 55 between 6-10 years and finally Rs 60 per thousand by maturity. One can invest in LIC Bima Ratna plan with a minimum age of 90 days and a maximum age of 55 years. Investors should also invest at least Rs 5 lakh. Payments can be made monthly, quarterly, half-yearly or annually, depending on the investor’s preference.
