Life Insurance Corporation of India (LIC) is running many schemes for different income groups in the country. You get guaranteed returns by investing in LIC schemes. Along with this, people do not have to face the dangers of market risks. Because of this, 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 Plan.
Do you know about this plan of LIC? This scheme is included in the best plan of LIC. If you have not invested in it yet, then let us tell you about this scheme. Along with this, it also explains what you have to do to invest in it. What are its benefits and how much does it cost to invest in it?
Know what is the plan?
This plan 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, while if one person is no more, the other does not have to pay the premium. The best thing is that you get the benefit of two maturities at the end of the policy.
If one of the spouses is unable to survive, then a lump sum amount is given immediately by LIC. After this, you get money for some important expenses throughout your life. Many times people are afraid to invest due to the fear that if they are no more, who will pay the premium? Because of this, women were deprived of life insurance. The company launched the Jeevan Sathi policy keeping this in mind.
What benefits do you get?
In case one of the spouses is no longer alive, the company immediately pays Rs 5 lakh to the other. With this, all future premiums are waived. Along with this, LIC gives about Rs 50 thousand to the second spouse every year. This amount depends on the premium chosen while purchasing the plan.
People 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 term for investment in this policy is 13 years and the maximum is 25 years. For this policy, you will have to pay a premium for three years less than the number of years for which you purchased it.
(PC: iStock)
