People invest money in many schemes to secure the future. Investing in LIC’s plans is considered risk free. Along with life cover in its policy plan, good amount is also available on maturity. If you are also planning to invest in LIC’s schemes, then here is a scheme in which you can get a benefit of Rs 50 lakh by paying low premium.
The name of this scheme is LIC Tech Term Plan No. 854. By investing in this life insurance plan, you can secure the future of your family. This policy is considered good in comparison to other policies of LIC. This scheme can be bought by all persons between the age of 18 years to 65 years. In this plan, you have to take an insurance plan up to a minimum of Rs 50 lakh.
This policy can be purchased through online
This policy can be bought for a minimum of 10 years and a maximum of 40 years. LIC’s Take-Term is a non-linked, without profit, pure protection “Online Term Assurance Policy”, which provides financial protection to the family of the insured in case of his unfortunate death. This scheme can be purchased through online application process only.
What is the benefit?
Premium can be deposited in this policy in all three modes, Regular, Limited and Single. Along with this, the benefit of death benefit is also given in this. The option of adding a nominee is also given in this. On the other hand, if a woman buys this policy, then she is given a special discount in premium payment.
How much premium has to be paid?
Premium payment can be made according to age in this policy. For example, if a person takes a plan for 20 years at the age of 21, then he will have to pay a premium of Rs 6,438 in a year. At the same time, Rs 8,826 will have to be paid for 40 years. Apart from this, if one buys premium for 20 years at the age of 40, then he will have to pay a premium of Rs 16,249, while for 40 years, the cost of this premium will be 28,886.