LIC New Endowment Plan : If you are planning to invest in the policy of Life Insurance Corporation of India. Also you need safe and guaranteed returns. So LIC has brought New Endowment Plan for you. You get many types of facilities in this plan. If you invest Rs 71 daily in this plan of LIC, then you get a corpus of about Rs 48 lakh as maturity.
Invest at this age
Your age should be between 18 years to 52 years to invest in LIC New Endowment Plan. In this plan, a person invests at the beginning of his career. So he gets a good amount in future, which he can use for any work.
what is the plan
In LIC New Endowment Plan, if you take a sum assured of 10 lakhs at the age of 18 years, with a tenure of 35 years, you will have to pay an annual premium of Rs 26,534 in the first year, while you will have to pay a premium of Rs 25,962 in the second year. Under this plan, you can pay premium in quarterly or annually mode. If you save Rs 71 a day, you will get Rs 48.75 lakh to maturity.
Will get life insurance cover
If the subscriber of this plan dies before the maturity of the plan, the sum assured and life cover will be paid to the heirs of the policyholder. This cover starts after paying the first premium of the policy. The policy holder dies. So the company will pay an amount between 10,45,000 to 48,75,000 depending on the premium to the nominee. You would have to pay only Rs 9,09,242 as premium for investing under this plan, on which the company will give you Rs 48,75,000 at the time of maturity.