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If you are thinking of planning to invest, then you can make a fat fund of about 50 lakh rupees by investing in LIC’s Bima Ratna scheme with a savings of 166 rupees every day. You can get guaranteed returns by making a safe investment in LIC Bima Ratna policy. This special life insurance plan, devoid of linkages and participation, emerges as the only old age help for common people who wish to save. You can expect good income by making small savings in this scheme.
In this scheme, customers should have a minimum sum assured of Rs 5 lakh and the minimum age limit for investing in this scheme is 90 days and its maximum age limit is 55 years. In this scheme, installments can be paid on monthly, quarterly, half-yearly, and annual basis. In this scheme, those who choose a 15-year plan, can pay the premium only for 11 years. While a period of 20 years requires a long time of 16 years. For a term of 25 years, customers will have to pay premiums for 21 years.
Know how much will be earned
If you invest in this scheme at the age of 30 and opt for a tenure of 25 years for a sum assured of 5 lakhs. So in this case you will have to pay the installments only for 21 years. You will have to pay a premium of Rs 30,900 in a year. That means in 21 years you will deposit Rs 6,49,559 in this policy. In the 25th year you will get Rs 12,12,500 on maturity.
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Understand calculation like this
LIC can get a return of about Rs 900000 in a 15 year plan by investing at least Rs 5 lakh in this scheme. In this, investors will have to pay at least Rs 5000 every month, which is equivalent to saving about Rs 166 per day. If you choose a maximum term of 25 years, you can get Rs 50 lakh on maturity.
LIC Bima Ratna policy is a great investment option for those who are looking for guaranteed bonus and investment to build a corpus. For this, investors can easily calculate how much bonus will be provided to them on maturity, making it a safe option for savings and investment.
