Top News

Benefits of LIC Insurance Ratna Scheme

If you are considering investing, then LIC’s insurance gems scheme can be a great option for you. You can make a big fund of about 50 lakh rupees by saving only 166 rupees daily in this scheme. The scheme provides safe investment as well as guaranteed returns. This special life insurance scheme is for those who want to save and are looking for financial assistance in old age.

The minimum insurance amount has been fixed at Rs 5 lakh in this scheme. The age limit for investing ranges from 90 days to 55 years. You can pay through this scheme through monthly, quarterly, half -yearly or annual installments. If you choose a 15 -year plan, you will have to pay a premium for only 11 years. At the same time, premiums will have to be paid up to 21 years for a period of 20 years and 21 years for a period of 25 years.

Know how much you will earn

Suppose you invest in this scheme at the age of 30 and choose the option of 25 years for an insurance amount of 5 lakhs. In this situation, you have to pay a premium for 21 years, which will be Rs 30,900 per year. Thus, in 21 years you will deposit a total of Rs 6,49,559 and in the 25th year you will get a maturity amount of Rs 12,12,500.

Consider calculations like this

In this scheme of LIC, a return of Rs 9,00,000 can be obtained in 15 years for investing a minimum of Rs 5 lakh. Investors will have to pay at least Rs 5000 every month, which is equal to a savings of about Rs 166 per day. If you choose for a period of 25 years, you can get 50 lakh rupees on maturity.

The LIC Insurance Ratna Policy is an excellent investment option for those who want to create a large fund through guaranteed bonus and investment. Investors can easily calculate how much bonus they will get on maturity, which makes this scheme a safe option for savings and investment.