Life Insurance Corporation of India (LIC), the country’s largest government insurance company, guarantees strong returns with investment security. Many plans of LIC are very popular among people. One of these is LIC Insurance Jyoti Policy. Under this scheme, the family of the policy holder gets the benefit of safety as well as savings. It is a non-linked, non-participation, personal and life insurance savings scheme. Many other benefits are also available in this policy.
If the policyholder dies unexpected during the policy period, his family is provided financial assistance. If the policyholder survives until the maturity of the plan, he gets a lump sum sure returns. Apart from this, a loan can also be taken on its basis during the policy period. A minimum of Rs 1 lakh is given an insurance amount on investment in the policy.
You can invest in this policy of LIC on monthly, quarterly, half -yearly and annual basis. This policy will have to invest a minimum of 5000 rupees. This is the minimum investment amount. If a person invests for three months, he will have to invest 15000 rupees. Similarly, you have to invest Rs 50,000 annually. This policy can be invested for 15 to 20 years.
The scheme has to pay the premium five years before the maturity date. That is, if you have taken a policy for 20 years, then you will have to pay a premium for 15 years only. In this policy, you can invest from 90 days to 60 years of age. The minimum age of maturity is 18 years and maximum age is 75 years.
