LIC BIMA RATNA Policy is an excellent investment option for those who want a secure future for themselves and their loved ones. With its guaranteed bonus, money-back benefit and limited premium, this policy offers a great way to save for your future without any market risk.
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LIC BIMA RATNA: Life Insurance Corporation of India (LIC) is the largest and most trusted insurance company in the country. With policies for every class of person in India, LIC is the go-to insurer for millions of people who want to secure their future. One such policy is the LIC BIMA RATNA plan, which is a non-linked, non-participating, individual, savings life insurance plan.
LIC BIMA RATNA plan offers a guaranteed bonus, and you can invest in it as per your income and future needs. You get the benefit of 20 to 25 percent money back, which you get twice. On maturity, only 50 per cent of the estimated corpus is available. Money back is available in 13th and 14th year for 15-year plan, in 18th and 19th year for 20-year plan and in 23rd and 24th year for 25-year plan.
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Get moneyback benefit
A bonus of Rs 50 per thousand is given on premium of 5 years. For investments made for 6 to 10 years, a bonus of Rs.55 is available, and from subsequent periods, a bonus of Rs.60 is available on maturity. This is a Guaranteed Edition Money Back plan with a limited premium, which means you will have to pay premiums for a short period of time to get a fixed bonus. This investment is away from market risk.
Investors are assured a minimum of Rs 5 lakh, and there is no cap on the maximum amount. LIC BIMA RATNA policy can be taken for 15 years, 20 years and 25 years, and premiums will be paid for 11 years, 16 years and 21 years respectively. To take this policy, your age should be between 90 days to 55 years.
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For example: Raj is a 35 year old IT professional who wants to secure his future and provide financial stability for his family. He decides to invest in LIC BIMA RATNA policy for a period of 20 years, in which Rs. 10 lakhs. Raj pays the premium for 16 years and receives a guaranteed bonus of Rs. 55 per thousand for his investment of Rs.
At the end of the policy term, Raj receives 50 percent of the sum assured along with money-back benefits in the 18th and 19th years. This helps Raj secure the financial future of his family and ensures that they have the financial resources to achieve their goals.
