LIC New Endowment Plan: By investing in LIC New Premium Endowment Plan, policy holders get the benefit of insurance cover along with savings. Come, let us know the details of the scheme.
LIC New Endowment Plan Benefits: Life Insurance Corporation of India is the largest and oldest life insurance company in the country. There are crores of policyholders in its country. Despite having many investment options in the market, people still prefer to invest in LIC (LIC Invest). If you too are looking for a LIC plan in which you can get strong returns by investing a small amount. The name of this scheme is New Premium Endowment Plan. In this scheme only you have to invest Rs 71 every day. After this, Rs 48.75 lakh will be received in lump sum on maturity. The name of this scheme is LIC New Premium Endowment Plan. Let us know the details of the scheme-
What is LIC’s new premium endowment plan?
LIC New Premium Endowment Plan is a non-linked, participating, individual, life insurance plan. By investing in this scheme, you get the benefit of both savings and insurance cover. By investing in this scheme, the investor also gets the benefit of death benefit. If an investor dies, his family (nominee) gets the benefit of the sum assured. On the other hand, if the policyholder survives till maturity, then he gets full money on maturity. By investing in this scheme, you also get the facility of loan.
Eligibility to invest in LIC New Premium Endowment Plan
- Minimum Sum Assured of the scheme – 1 Lakh
- Maxis Sum Assured – No Limit (Must invest in multiples of 5000 only)
- Minimum age of investment in the scheme – 8 years
- Maximum age of investment in the scheme – 55 years
- Maximum age of maturity of the scheme – 75 years
- Policy term – 12 to 35 years
Will Get this Much Return on Maturity
Let us tell you that if you buy LIC’s new endowment plan at the age of 18 and choose a term of 35 years, then for a sum assured of Rs 10 lakh, you will have to pay an annual premium of Rs 26,534 every year. At the same time, from the second year this premium will be reduced to Rs 25,962.
In such a situation, if you look at it on a daily basis, then you will have to invest Rs.71. In this case, the investor will get Rs 48.75 lakh on maturity. Your total investment amount in this scheme will be Rs 9.09 lakh but you will get a return of more than Rs 48 lakh.
