LIC Bima Ratna Scheme: The country’s largest and most trusted insurance policy company, Life Insurance Corporation of India (LIC) offers the most profitable insurance deals to all citizens across age groups. These plans ensure to secure the future wealth of every person who buys it. And one of the few most popular plans is the LIC Bima Ratna plan.
What’s the plan?
LIC Bima Ratna plan offers three major benefits to the policyholders which are money-back guarantee, rich bonus and death cover. The term of this policy is 15 years and investors will be able to get 10 times of their total deposit amount.
As per the policy guidelines, ‘Investors get 25 per cent 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 receive 25 percent 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 scheme 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 to Rs 60 per thousand by maturity.
LIC introduces a new plan – Bima Ratna#LIC #BimaRatna pic.twitter.com/J3wglMrLih
— LIC India Forever (@LICIndiaForever) May 28, 2022
LIC Bima Ratna plan can be availed in the name of a child who is minimum 90 days old and can be availed by older ones. Investors are required to invest a minimum of Rs 5 lakh. The payment mode can be preferred as quarterly, half yearly or annually.
