( LIC Scheme News ) : Life Insurance Corporation of India (LIC) is known for offering a variety of insurance and investment schemes that provide both security and good returns. If you are looking for a low-risk, long-term investment with guaranteed benefits, LIC has an amazing plan where you can invest just ₹1800 per month and receive ₹8 lakh in return. This article will provide you with complete details, benefits, and eligibility criteria of this plan.
Why Choose LIC Investment Plans?
LIC has been one of the most trusted insurance providers in India for decades. Its investment plans offer guaranteed returns, tax benefits, and life coverage, making them a popular choice among investors. Here’s why LIC investment plans stand out:
- Low-risk investment with assured returns
- Tax benefits under Section 80C of the Income Tax Act
- Financial security for your family
- Flexible premium payment options
- Additional bonuses that increase the maturity amount
Now, let’s dive into the details of the LIC scheme where you can deposit ₹1800 per month and receive ₹8 lakh.
LIC Plan Details: Deposit ₹1800 Per Month & Get ₹8 Lakh
This LIC scheme is designed for individuals who want a secure and disciplined investment plan with a guaranteed lump sum amount at maturity. Below are the key details of this plan:
| Feature | Details |
|---|---|
| Monthly Deposit | ₹1800 |
| Annual Premium | ₹21,600 |
| Policy Term | 20 Years |
| Total Investment | ₹4,32,000 |
| Maturity Amount | ₹8,00,000 |
| Bonus Benefits | Included (Varies Yearly) |
| Tax Benefits | Available (Under 80C) |
This scheme ensures that by investing a small amount every month, you can build a large corpus that provides financial stability in the long run.
Benefits of This LIC Plan
Investing in this LIC plan comes with multiple benefits, making it a perfect option for individuals looking for security and high returns. Here are the key advantages:
1. Guaranteed Returns
- The plan provides assured maturity benefits, making it a low-risk investment.
- Even if market conditions fluctuate, your maturity amount remains unaffected.
2. Tax Savings
- The premiums paid under this plan qualify for tax deductions under Section 80C.
- The maturity proceeds are also tax-free under Section 10(10D).
3. Bonus Additions
- LIC provides annual bonuses, which can increase the final maturity amount.
- The bonus amount varies based on LIC’s performance.
4. Life Coverage
- In case of the policyholder’s demise, the nominee will receive a lump sum payout.
- This ensures financial security for the family.
5. Affordable Investment
- You don’t need a large sum to invest. Just ₹1800 per month is enough to get started.
Eligibility Criteria for This LIC Plan
To enroll in this LIC plan, you must meet the following eligibility requirements:
| Criteria | Details |
|---|---|
| Minimum Age | 18 Years |
| Maximum Age | 55 Years |
| Policy Term | 20 Years |
| Minimum Investment | ₹1800 per month |
| Maximum Investment | Depends on chosen sum assured |
This plan is ideal for salaried individuals, self-employed professionals, and those who want a disciplined long-term investment.
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How to Apply for This LIC Plan?
If you are interested in this plan, follow these steps to apply:
- Visit an LIC Branch
- Find your nearest LIC office and speak to a representative.
- Consult an LIC Agent
- A registered LIC agent can guide you through the process and help you choose the right plan.
- Apply Online
- Visit the official LIC website, select the policy, and apply online.
- Submit Required Documents
- Identity Proof (Aadhar, PAN Card)
- Address Proof (Electricity Bill, Passport)
- Age Proof (Birth Certificate, 10th Certificate)
- Recent Passport-Sized Photos
- Make the First Payment
- Pay the initial premium to activate your policy.
Once your policy is approved, you will receive a policy document confirming your enrollment.
LIC Plan vs Other Investment Options
To understand why this LIC plan is a great investment, let’s compare it with other investment options:
| Investment Option | Risk Level | Returns | Tax Benefits | Security |
|---|---|---|---|---|
| LIC Investment Plan | Low | Assured | Yes (80C, 10(10D)) | High |
| Fixed Deposit (FD) | Low | Moderate | No | High |
| Mutual Funds | High | Market-Based | Limited | Moderate |
| PPF (Public Provident Fund) | Low | Moderate | Yes (80C) | High |
LIC plans stand out because they offer guaranteed returns, tax savings, and life insurance benefits, making them one of the safest investment choices.
Things to Consider Before Investing
Before you enroll in this LIC plan, keep these factors in mind:
- Long-Term Commitment: The policy requires a 20-year commitment to maximize benefits.
- Premium Payment Discipline: Missing premium payments may affect your returns.
- Policy Terms & Conditions: Always read the policy document carefully before investing.
This LIC investment plan is an excellent option for individuals looking for long-term financial security, guaranteed returns, and tax benefits. With a small investment of just ₹1800 per month, you can build a wealth corpus of ₹8 lakh, ensuring a financially secure future for yourself and your family.
If you are interested in securing your future with this plan, contact your nearest LIC office or agent today and start your investment journey.