LIC Scheme: In this scheme of LIC, you can invest Rs 58 every day and get Rs 8 lakh on maturity...
When we start earning, we look for different options for investment. Many people earn money but still their bank balance always remains low. To increase your wealth, it is best to invest in a good scheme. Many schemes are run by the government for different investments. There is no risk of money in this and a huge amount is also collected on maturity.
Today we are going to tell you about one such scheme. In which you can make good savings by depositing small amounts of money. This scheme is of LIC. LIC keeps issuing policies from time to time for people of different ages including women. In which people can invest and deposit a good amount of money after a few years. Let us tell you about this scheme.
LIC Aadhar Shila Policy
Life Insurance Corporation of India (LIC) has schemes for every age group of the society. LIC Aadhar Shila Policy is a good scheme for people with average income. Its minimum amount is Rs 75000 and its maximum is Rs 3 lakh. You can deposit a small amount of money every day to invest in LIC Aadhar Shila Yojana. It is a long-term investment like most LIC policies.
It also provides death cover to the person. If a person invests Rs 58 every day, he will get lakhs of rupees on maturity. The policy amount on death is seven times the annual premium and 110% of the basic sum assured. The minimum age to avail of this scheme is 8 years and the maximum is 55 years. The time limit of the policy is 10 to 20 years.
By investing Rs 58 every day, you will create a fund of Rs 8 lakh-
Suppose, at the age of 30, you deposited Rs 58 every day in this scheme continuously for 20 years, then a total of Rs 21918 will be deposited in your first year. On which you also have to pay tax at the rate of 4.5 percent. Then in the second year, you will have to pay Rs 21446.
In this way, you will deposit this premium on every month, quarter, half-year, or yearly basis. By paying a premium every year, you will deposit Rs 429392 for 20 years. After this, at the time of maturity, you will get a total of Rs 794000.
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