LIC New Scheme: For your information, India’s largest insurance company Life Insurance Corporation of India has launched a new Index Plus Plan. There is a lock in period of 5 years under this scheme. For your information, let us tell you that LIC will invest this money of yours in the share market. In this scheme started by LIC, you have to make regular payments. According to Life Insurance Corporation i.e. LIC, this scheme gives you the benefit of saving along with the protection of life insurance for the entire policy period.
Lock in period is 5 years
For your information, let us tell you that the lock in period of this scheme is 5 years. So you cannot withdraw your money before 5 years. But under certain conditions the policy holder can partially withdraw the units. Additionally, the guarantee extra amount, calculated as a percentage of the premium in a year, will be added to the unit fund after the remaining policy years.
What is the age of investment in this scheme?
Under this insurance scheme, people ranging from 90 days old child to 50 to 60 years old can invest. Under this scheme, the basic insurance amount given to people who invest between 90 days to 50 years is fixed between 10 times the premium. The premium is decided according to your age.
Know how much the premium amount will be
Depending on the annual premium, this scheme of LIC gives maximum policy period of 25 years and minimum policy period of 10 or 15 years. In this, your premium for 1 year is Rs 30000, whereas if you pay for 6 months, you have to pay Rs 15000, for 3 months your premium becomes Rs 7.50 thousand. By investing on a monthly basis, you have to pay Rs 2.5 thousand every month.
Policyholder also has the option to choose the fund
Under this new Index Plus policy launched by Life Insurance Corporation, you have the option to choose one of two funds. There is a Flexi Growth Fund and another Flexi Smart Growth Fund. These funds invest mainly in selected cities. In this, only those shares are taken, which are part of the National Stock Exchange Nifty 100 Index or the National Stock Exchange Nifty 50 Index. The policy holder can choose any one of these funds at the outset. If he wants, he can also switch them in between as per his need.
IRCTC’s travel insurance for just 35 paise, know its benefits and claim method
