LIC Plan : If the thought of investing just ₹1,111 a month and getting back ₹86 lakh sounds too good to be true, you’re not alone. But LIC’s latest savings-cum-insurance scheme is grabbing attention for all the right reasons—offering long-term returns with practically zero market risk.
So what’s the deal? Let’s break it down.
This plan, often called LIC’s “Crorepati” or “Lakhpati” plan, is likely based on popular endowment policies like LIC Jeevan Labh or the New Endowment Plan. These plans combine life insurance protection with guaranteed savings—making them a solid pick for conservative investors.
The Math Behind the ₹86 Lakh
Here’s a simplified example of how it works:
- Monthly Contribution: ₹1,111
- Annual Investment: ₹13,332
- Policy Term: 25 years
- Total Premium Paid: ₹3.33 lakh
- Sum Assured: ₹10 lakh
- Estimated Bonus (over 25 years): ₹65 lakh
- Final Maturity Value: ₹85–86 lakh*
*Note: Returns depend on LIC’s yearly declared bonuses and other conditions like your age and policy duration.
Key Benefits of the Scheme
- Affordable for Everyone: Whether you’re a student, a salaried employee, or running a small business, ₹1,111/month is a manageable amount.
- Life Insurance Included: Your family gets financial protection in case of your untimely death.
- Zero Market Risk: This is not linked to the stock market—your money stays safe.
- Tax Savings: Get deductions under Section 80C and tax-free maturity under 10(10D).
- Long-Term Wealth: A disciplined monthly saving can lead to a big payout in your future.
Who Should Consider This?
This LIC scheme is perfect for:
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- People who want stable returns without taking risks in mutual funds or stocks
- Anyone planning for long-term goals like a child’s education, marriage, or retirement
- Taxpayers looking for deductions and maturity benefits
- Individuals seeking a blend of insurance and savings
How to Get Started
Getting into this scheme is super simple:
- Visit your nearest LIC branch or connect with a registered LIC agent.
- Choose your plan (like LIC Jeevan Labh).
- Submit your documents: Aadhaar, PAN, income proof, and health details.
- Decide your premium and policy duration.
- Complete any medical checks (if required) and pay the first premium.
Once approved, your policy starts, and the journey to becoming a long-term investor begins.
A Quick Heads-Up
The ₹86 lakh figure is based on ideal conditions and past LIC bonus trends. Actual returns may vary. Always talk to a certified LIC advisor or financial expert before you lock anything in.
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Looking for a way to build wealth without stress? LIC’s ₹1,111/month plan might just be the answer you’ve been waiting for.