Life Insurance Corporation of India (LIC) has always introduced such schemes for its customers that ensure their economic security and future. Recently, LIC has announced a new plan, claiming to have received a return of ₹ 75,000 on only an investment of ₹ 12,000. This scheme is especially made for those who want more benefits in a short time.
The main objective of this scheme is to provide high returns to investors in low premiums. This scheme is ideal for those who want to meet their small economic goals, such as children’s education, renovation or other financial needs. Let us know in detail about this scheme.
Major features of LIC’s new plan (English title)
Under this scheme, the investor gets guaranteed returns in a short time. Below is a table that provides a brief description of the scheme:
| Plan details | Description |
| investment amount | ₹ 12,000 |
| Return amount | ₹ 75,000 |
| Policy period | 5 years |
| Admission age | 18-60 years |
| insurance coverage | Available |
| Premium payment option | Monthly/annual |
| Maturity profit | Guaranteed |
| Loan facility | Available |
What is LIC’s 5 -year plan?
This plan of LIC is one Short -term investment option In which the customer has to collect premium for only 5 years. Subsequently, the customer gets a fixed return of ₹ 75,000 on maturity. This scheme not only gives the benefit of investment but also provides life insurance coverage.
The premium payment under this scheme is very economical and can be deposited on a monthly or annual basis. Also, the policyholder is also given insurance amount in any unfortunate incident during the policy period.
Benefits of this scheme
This scheme has many advantages that make it different from other investment schemes:
- Low Investment: Investment of only ₹ 12,000.
- High Return: Guaranteed Return of ₹ 75,000 after 5 years.
- Life Insurance Coverage: Insurance protection during the policy period.
- Flexibility: Monthly or annual premium payment option.
- Loan facility: Loan available 3 months after the policy starts.
- Easy eligibility: Any person can invest in this scheme from 18 to 60 years.
Who can invest in this scheme?
The following eligibility conditions are for investing in this scheme of LIC:
- Minimum Age: 18 years.
- Maximum age: 60 years.
- It is necessary to be an Indian citizen.
- There should be regular income source so that the premium can be deposited on time.
Premium payment option
In this scheme, the customer is given several options for premium payment:
- Monthly Premium: Payment in small installments.
- Annual Premium: Lump sum annual payment.
This option gives customers freedom to deposit premiums according to their convenience and financial condition.
Risk related to this scheme
Although LIC’s plans are generally considered safe, any financial product may have some risks:
- If the customer does not deposit the premium on time, then policy laps can occur.
- Market status and economic changes may have an impact on returns.
Disclaimer: Is this plan real?
LIC has introduced several schemes that provide guaranteed returns. However, wrong information often spreads about schemes such as “₹ 12,000 in investment”. Therefore, customers are advised to read its terms and rules carefully before investing in any scheme.
This claim seems less likely to be real because LIC does not usually introduce high returns schemes that are based on such short duration and low investment. Therefore, before investing in such a scheme, get information from LIC office or official website.
