If you are looking for a plan in which you get a lifetime of security with good returns, LIC's life -threatening policy can be a great option for you. The scheme offers lifetime protection and also offers annual income up to the age of 100.
Most importantly, you can earn large savings and permanent income by investing in this scheme only ₹ 1302 ie around ₹ 15,600 annually. Let's understand how you can get a big benefit by investing only ₹ 1302.
The LIC Life AMang Yojana provides a life cover of up to 100 years. This policy means that as far as you are alive (up to the age of 100), you will get a fixed amount every year. In this scheme, you also get the benefit of bonus and guaranteed survival benefits. The scheme is suitable for children to senior citizens as anyone up to 90 days of child to 55 years can invest in it.
Suppose you start investing in this scheme at the age of 30 and deposit Rs 1302 per month for 30 years. That is, you invest Rs 15,600 in a year and a total of Rs 4.68 lakh in 30 years. After the expiry of your premium payment period, you begin to receive a guaranteed income of up to Rs 40,000 per year. This income continues for 100 years of age.
This means that if you start this scheme at the age of 30 and live for 100 years, you can get a total of Rs 27.60 lakh.
With this policy, you get not only regular income, but also for the whole life, ie 100 years of life insurance cover. In addition, the amount received under this scheme is completely tax -free. You can get tax exemption at the premium under section 80C and on the amount of maturation under section 10 (10D).
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