Life Insurance Corporation of India (LIC) has introduced a new limited-period special scheme for investors. The company has brought this opportunity for those who want to secure their future with a reliable investment plan. This new policy is available for a short duration, and those who invest early can get the maximum benefit under the scheme. Let’s understand its key points.
Policy Benefits
LIC’s new limited period scheme provides multiple benefits to customers. It offers life coverage along with maturity benefits. The scheme focuses on giving financial protection to policyholders’ families. It also ensures steady growth on investment through guaranteed returns. The most attractive part is the flexibility in premium payment options, which allows customers to choose between monthly, quarterly, or yearly payments.
Eligibility and Tenure
The policy is available for a short period, and investors can purchase it within the specified time limit announced by LIC. The minimum entry age is 18 years, while the maximum can vary depending on the plan type. The policy term can range from 10 years to 25 years, making it suitable for both short-term and long-term goals. Customers can also choose the sum assured based on their financial capability and requirements.
Premium and Returns
LIC has designed this limited-period policy keeping affordability in mind. The minimum premium starts from a low amount, which can increase depending on the coverage and term chosen. Investors can expect steady returns, and the maturity amount is paid along with bonuses as applicable. The plan ensures a good balance between savings and insurance, making it an ideal choice for middle-income families.
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Special Offer Period
This is a time-bound scheme, and LIC has clearly mentioned that it will be available only for a limited duration. Customers who purchase the policy within this offer period will be eligible for additional benefits, including loyalty additions and rebates on premiums. Missing this window could mean missing the special offers that come with the scheme.
Other Key Features
The scheme also offers a loan facility after completing a certain period, allowing policyholders to manage financial emergencies without surrendering the policy. It includes tax benefits under Section 80C and 10(10D) of the Income Tax Act. Moreover, in case of an unfortunate event, the nominee receives the death benefit immediately, ensuring complete family protection.
Look and Design of the Plan
LIC has presented this policy in a customer-friendly format, focusing on simplicity and transparency. The terms and conditions are easy to understand, and the official LIC website provides a detailed calculator to estimate returns. The plan targets both new and existing customers who are looking for trustworthy financial growth options.
Performance and Popularity
Since its launch, the limited-period LIC scheme has received strong interest from customers. Many agents and online platforms have reported high inquiries. The policy is becoming popular among salaried individuals and self-employed professionals who seek guaranteed income plans with minimal risk. Its performance is expected to stay consistent due to LIC’s strong track record.
Should You Invest?
If you are looking for a secure, low-risk investment that offers life coverage and guaranteed returns, this LIC limited-period scheme can be a smart choice. However, since the scheme is open only for a short time, it is advisable to check all details carefully and make a decision soon.
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