LIC Coverage: Make investments simply Rs 110 in THIS LIC plan, get thrice return; Test return calculator | Private Finance Information

LIC SIIP Calculator: With regards to investing, the Life Insurance coverage Company of India (LIC) is without doubt one of the most trusted funding avenues. LIC is without doubt one of the most popular choices as a result of it largely offers assured returns and plenty of of its plan assist in tax financial savings as effectively. The big selection of plans and coverage offers buyers a number of choices to select from for funding. 

Each plan has specified eligibility and folks can put money into that plan as per the eligibility. If you happen to additionally need to make investments cash within the LIC scheme, then you possibly can put money into LIC Common Premium Unit Linked Plan, SIIP. On this scheme, when you make investments Rs 40 thousand yearly for 21 years, you can be given thrice the quantity upon maturity.

This Systematic Funding Insurance coverage Plan, SIIP, requires buyers to pay a premium for 21 years. On this plan, the premium may be deposited month-to-month, quarterly, half-yearly and yearly foundation. It is as much as the investor if he/she chooses the annual or another choice. With regards to annual premium funds, an investor should make investments Rs 40,000 per 12 months.

On choosing the half-yearly fee, you’ll have to pay a premium of Rs 22,000 each six months. For the quarterly choice, an investor should pay Rs 12,000 per three months and on selecting the month-to-month choice, you’ll have to pay a premium of Rs 4,000 each month which roughly means Rs 133 per day. 

By depositing Rs 4000 month-to-month for 21 years, your whole funding might be Rs 10,08,000. On maturity after 21 years, you’ll get round Rs 35 lakh along with the invested quantity, which might be greater than thrice your invested quantity. Beneath the SIIP scheme, buyers are given an insurance coverage cowl of Rs 4,80,000.

The NAV of various plans of LIC is usually up to date and is obtainable on LIC’s web site.

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