If you are thinking of investing, then in LIC’s Insurance Ratna Scheme, you can make a fat fund of about Rs 50 lakh by investing Rs 166 daily. LIC insurance gems can obtain guaranteed returns by securely investing in the policy. This special life insurance plan, devoid of linkage and partnership, emerges as the only old age assistance for the common people who wish to save. You can expect good income by saving small amount in this scheme.
In this scheme, customers have a minimum insurance amount of Rs 5 lakh and the minimum age limit to invest in this scheme is 90 days and its maximum age limit is up to 55 years. In this scheme, installments can be paid on monthly, quarterly, half -yearly and annual basis. In this scheme, those who opt for a 15 -year plan can pay premium for only 11 years. While a period of 20 years requires a long period of 16 years. Customers will have to pay a premium for 21 years for a period of 25 years.
Know how much you will earn
If you invest in this scheme at the age of 30 and opt for a period of 25 years for an insurance amount of 5 lakhs. So in such a situation, you will have to pay the installment for 21 years only. You have to pay a premium of Rs 30,900 per year. That is, in 21 years, you will deposit Rs 6,49,559 in this policy. In the 25th year, you will get Rs 12,12,500 on maturity.
Consider calculations like this
LIC can invest at least Rs 5 lakh in this scheme and get a return of about 900000 rupees in the 15 -year scheme. Investors will have to pay a minimum of Rs 5000 every month, which is equal to a savings of about Rs 166 per day. If you choose the option of a maximum period of 25 years, you can get Rs 50 lakh on maturity.
The LIC Insurance Ratna Policy is a great investment option for those who want to create a thick fund through guaranteed bonus and investment. For this, investors can easily calculate how much bonus they will be given on maturity, making it a safe option for savings and investment.
