Invest here – double profits will be made in less money

If you are planning to invest somewhere and there is a dilemma in your mind as to how and where to invest. So we tell you that there is a scheme of Life Insurance Corporation of India, where you can earn good profit by investing less. Actually, LIC Nivesh Plus Plan is single premium, non-participating, unit-linked and individual life insurance, which also gives the option of investing with insurance during the term of the policy.

You can buy this plan offline as well as online. The policy taker also has the facility to choose the basic sum assured. Sum Assured options are 1.25 times the Single Premium or 10 times the Single Premium.

There are 4 types of funds available in this plan. These are bond funds, secured funds, balanced funds and growth funds. You can invest in any of these as per your wish.

You can buy this plan offline as well as online. The policy taker also has the facility to choose the basic sum assured. Sum Assured options are 1.25 times the Single Premium or 10 times the Single Premium.

The minimum entry age for LIC Investment Plus scheme is 90 days to 70 years.

The tenure of the policy is 10 to 35 years and the lock-in period is 5 years. The minimum limit on the premium is Rs 1 lakh, while the maximum limit is not. The maximum maturity age is 85 years.

If the policyholder stays alive till the policy term, he gets a maturity benefit, which is equal to the unit fund value. It is payable after the expiry of the policy term.

The company offers a free-look period to its customers. During this time customers can return the policy. If the policy is purchased directly from the company, then 15 days and online purchase, then the 30-day free-look period applies.

If the insured dies during the policy term, the nominee is entitled to receive the death benefit. If the policyholder dies before the risk commencement date, an amount equal to the unit fund value is payable.

In LIC Investment Plus plan, the company allows customers to make partial withdrawals after the 6th policy year. In case of minors, partial withdrawal is allowed after the age of 18 years.
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