January 23, 2023

LIC Scheme: Invest Rs 2130 per month in THIS LIC policy and get Rs 48.5 lakh, here's how

© Provided by DNA

LIC New Premium Endowment Plan: Are you looking for a way to secure your financial future and that of your loved ones? Look no further than the new premium endowment plan offered by the Life Insurance Corporation of India (LIC). This innovative plan allows you to invest as little as Rs 71 per day or Rs 2120 per month and receive a fund of Rs 48.5 lakh at maturity.

This plan offers the possibility of substantial returns on your investment in addition to regular payments throughout the policy period and a lump sum payment at the end of the term. You can use this cash to settle unpaid debts, fund your child’s education, or meet your family’s long-term requirements.

But the advantages go further than that. The plan also includes life insurance protection, so your family would be financially secure in the event of your death. And because tax advantages are incorporated, the plan’s overall cost is further decreased.

Also read: PM Kisan Samman Nidhi Yojana 13th installment to be released soon: Check your eligibility on PM Kisan portal

It’s simple to invest in this plan. Visit the LIC branch that is closest to you to speak with a representative. They will provide you all the information you require and assist you in deciding whether or not this plan is the best option for you and your family. From there, you may choose your investment amount and start setting aside money each month to start developing your portfolio.

People must meet specific requirements, including a minimum age requirement of 8 years, a maximum age requirement of 55 years, and a policy term requirement of 12 to 35 years, in order to be eligible for the LIC new premium endowment plan. The plan’s minimum sum assured is Rs. 1 lakh, and there is no maximum (investments must be made in multiples of Rs 5,000).

For example, an individual who purchases an endowment plan at the age of 18 and selects a 35-year term will be required to pay an annual premium of Rs. 26,534 for a total assured of Rs. 10 lakh. The second year will see a decrease in this premium to Rs 25,962. This equates to a daily investment of only Rs 71 or a monthly investment of Rs 2130.

tradersville.net is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of tradersville.net are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

The sender of this email makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of tradersville.net websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.

Disclaimer: Past performance is no guarantee of future performance. This product is for educational purposes only. Practical application of the products herein are at your own risk and tradersville.net, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Any trades shown are hypothetical example and do not represent actual trades. Actual results may differ. Nothing here in constitutes a recommendation respecting the particular security illustrated.