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Life Insurance Corporation of India
Earn Money: Under LIC’s New Money Back Policy, a thick fund of Rs 23 lakh can be created with a regular investment of Rs 160 per day.
New Delhi. If you want to secure your future financially, then you can take advantage of many policies of Life Insurance Corporation of India. Not only will you get insurance cover under LIC policy, but it will also help in adding a good amount of money for your future. At present, there are many such policies of LIC, which are very popular among the people. Some of these policies are for long term and some for short term. If you also want to invest a little and are looking for a policy of LIC, then New Moneyback policy can become a better option for you. Let’s know about this policy of LIC …
LIC’s New Money Back Policy is a one-of-a-kind non-linked life insurance policy that offers guaranteed returns and bonuses. The specialty of this plan is that in this, the insured gets money back every year in 5 years, better returns on maturity, as well as tax insurance benefits.
How to get 23 lakh rupees
Many benefits are available with tax exemptionThis policy is completely tax free policy. Along with this, no tax will be levied on its interest, premium payment and amount received on maturity. In this plan, if you invest Rs 160 every day for 25 years, then after 25 years you will get up to Rs 23 lakh.20% money back every fifth year
According to LIC, any person from 13 years to 50 years can take this plan. In this plan every fifth year i.e. 5th year, 10th year, 15th year, 20th year will get 15-20% money back. But this will happen only when at least 10 per cent of the premium is deposited.
With this, investors will be given bonus on maturity. In this plan of total Rs 10 lakh, the benefit of accidental death will also be available. Bonus will also be given to the investors on maturity.
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