LIC’s Jeevan Labh plan can be a good investment option. By investing Rs 253 every day in this scheme, you get Rs 54 lakh after maturity.
LIC Policy: The country’s largest insurance company offers many great plan facilities. It has a special scheme for children to the elderly. One of such schemes is Jeevan Labh Yojana. This is a non-liquid scheme. In this policy, it gives the option of both protection and savings to the investors. After maturity, the policyholder gets a substantial amount. If a person dies during this period, his family is given financial help.
If you are also looking for an investment opportunity, then this policy of LIC can be a good option for you. A person below the age of 54 years can choose this policy term for 21 years. A person aged 50 years can take a policy term of 25 years. The maximum age limit of maturity has been fixed at 75 years. Investors get the benefit of sum assured. Along with this, loan facility is also available.
This is the calculation
The investor gets Rs 54 lakh on maturity. If you take the policy for a term of 25 years, then for 54 years you get a return of Rs. Rs 92,400 premium will have to be deposited for the year. This means you will have to deposit Rs 7,700 every month and Rs 253 every day. After maturity, a total of Rs 54.50 lakh will be received.