Monday, October 3, 2022

LIC Scheme: Earn up to 4 lakhs by investing just Rs 29, LIC introduced a fantastic plan.

Life Insurance Corporation of India (LIC) continues to provide excellent schemes for its customers on a regular basis. In this sequence, LIC has introduced a massive scheme to empower women and improve their economic situation. This scheme is known as the LIC Aadhaar Shila Plan. Women between the ages of 8 and 55 can invest in this LIC scheme. Please explain this plan in detail.

Understand the scheme’s terms.
Customers can benefit from LIC’s Aadhar Shila plan in terms of both security and savings. However, only women who have an Aadhar card can benefit from this. The policyholder receives the money when it matures. This LIC plan also provides financial assistance to the policyholder and his family after his death.

scheme's terms Newsstore24

Maturity and Premium
The LIC Aadhar Shila plan allows for a minimum investment of Rs 75000 and a maximum investment of Rs 3 lakh. This policy has a minimum maturity period of 10 years and a maximum maturity period of 20 years. Let us tell you that a woman aged 8 to 55 years old can invest in LIC’s plan, with a maximum maturity age of 70 years. At the same time, this plan’s premium is paid on a monthly, quarterly, half-yearly, or yearly basis.

Calculater-Newsstore24

With examples, understand its math

An example will help you understand this scheme. If you are 30 years old and deposit Rs 29 daily for 20 years, you will have a total deposit of Rs 10,959 in the first year. It will now include a 4.5 percent tax. You will have to pay Rs 10,723 next year. You can deposit these premiums on a monthly, quarterly, semi-annual, or annual basis in this manner. You will need to deposit Rs 2,14,696 over 20 years to receive a total of Rs 3,97,000 at maturity.

Read More: Investment tips: In 15 years you will have 1.26 crores, follow this strategy

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                  Click Here
🔥 Facebook Page                  Click Here
🔥 Instagram                  Click Here
🔥 Telegram Channel                   Click Here
🔥 Google News                  Click Here
🔥 Twitter                  Click Here
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img

Most Popular

spot_img

Latest

Use of phone SIMs will be heavily prosecuted; users of applications like WhatsApp and Telegram who use false IDs risk receiving a year in...

Making a fake ID, using a bogus identity on applications like WhatsApp, Telegram, and Signal, or obtaining a SIM card by providing false documentation...

RBI Repo Rate: A shock to the public before the festive season, EMI will be expensive, RBI increased repo rate by 50 basis points

Inflation Rate: The Reserve Bank of India (RBI) has increased the repo rate by 50 basis points. This will also make your EMI costlier....

Sugar Production: Now the price of sugar will be lower, the sugar mill going to open next month, know the reason

Excess production of sugar in India: There are signs of a reduction in the price of sugar in the country. The operation of sugar...

Due to a current supply issue, the decision to require 6 airbags in cars was postponed, according to Gadkari. The rule will now take...

The decision to require six airbags in M1 category vehicles with up to eight seats has been postponed by the government by one year....

Photos: Now the railway stations of India will look more luxurious than the airport, the picture will be like this in the coming few...

Indian Railways' proposal for redevelopment of railway stations in New Delhi, Ahmedabad, and Mumbai has been approved. Around Rs, 10,000 crores is being invested...

Most Popular

Subscribe

* indicates required