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Saturday, 19 December 2020

LIC Lavu Special Plan Get Rs

Life Insurance Corporation of India, the country's largest insurance company, has a number of plans for consumer investment. By investing in this plan, the customer can add a lot of money for his future.

 LIC brings many such schemes from time to time which are preferred by most of the people.

Some of these plans are long term and some are short term. You can secure a future by investing a little in it as per your convenience and this wish can be fulfilled if you want to get a return.

 LIC has launched a scheme for this. Named LIC New Money Back Policy.

LIC's Money Back Plan is a non-linked life insurance policy. Which guarantees returns and bonuses. The specialty of this plan is that the insurer gets money back in 5 years, gets better return on maturity, as well as tax benefit every year.

You will have two options of 20 years and 25 years to take this plan. The biggest advantage of this policy is that it is a completely tax free policy. 

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With this, there will be no tax on its interest, premium payment and maturity amount. If you invest Rs 160 per day in this scheme for 25 years, you will get Rs 23 lakh after 25 years.

According to LIC, the scheme is open to anyone between the ages of 13 and 50. In this scheme, every 5th year i.e. 5th year, 10th year, 15th year, 20th year, 15% money will be refunded. But this will only happen when at least 10 per cent premium has been deposited.

 Along with this, you will also get the benefit of accidental death in this plan of Rs 10 lakh in total. Upon maturity, investors will also be given bonuses.

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