Life Insurance Corporation of India (LIC) runs many schemes for people with different incomes. You get guaranteed returns by investing in LIC plans. Due to this people do not have to face market risks. This is why people consider it safe to invest in LIC plans. These days a scheme of LIC has become a topic of discussion among the people. The name of this scheme is Jeevansathi Bima Yojana.
Do you know about this plan of LIC? This plan is one of the best plans of LIC. If you have not invested in it yet, then let us tell you about this scheme. It also tells what you have to do to invest in it. What are its benefits and how much does it cost to invest in it?
This scheme has been prepared keeping husband and wife in mind. Its special thing is that under this scheme, both get different maturities in the same premium, whereas if one person does not have more, then the other person does not have to pay the premium. The best part is that you get the benefit of two maturity periods at the end of the policy.
If one of the spouses does not survive, a lump sum amount is given immediately by LIC. After this you get money for some important expenses throughout your life. Many times people shy away from investing due to the fear that if they do not pay the premium then who will. Due to which women were deprived of life insurance. Keeping this in mind, the company launched Jeevan Sathi Policy.
If one of the spouses is not alive, the company will immediately pay the other Rs. Payment of Rs 5 lakh. With this, all future premiums are waived off. Along with this, LIC gives about Rs 50 thousand every year to the second spouse. This amount depends on the premium chosen while purchasing the plan.
Youth of 18 years can also take this policy. Talking about age, people above 50 years of age can also invest in this policy. The minimum investment period in this policy is 13 years and maximum 25 years. For this policy, you will have to pay three years less premium than the number of years for which you buy the policy.
