New Delhi: The Life Insurance Corporation of India (LIC) has provided many investment opportunities for its customers. These investments provide good returns to the customer. Investors get annual returns through insurance schemes in addition to many other benefits.
The insurance policy of LIC, the country's largest insurer, is a non-linked, non-participating, personal savings plan. Compared to most fixed deposit schemes, investing in this scheme gives much higher return to the customer. As a result, this scheme has become popular.
Investors can invest online or offline if they plan to keep their money in LIC Bima Jyoti policy. You can visit the official LIC website to purchase the policy. Or you can go to the LIC branch and contact the advisor.
The minimum age to start investing in LIC Bima Jyoti policy is 90 days. The investor has to invest at least one lakh rupees in this scheme. However, there is no upper limit on investment.
This policy can be purchased for a period of 15 years to 20 years. The investor has to invest five years less than the total period of his investment.
Investors get several more benefits from the policy. In case of the death of the investor, the nominees will get the full amount of insurance. Which is about seven times the annual premium.