Invest in LIC's New Bachat Plus Plan, Know How to Benefit

All of us working people work to achieve economic status. Buying a good house, depositing money for education and marriage of our children, living a relaxed life after retirement, etc. are our priority. We can meet our economic goals with investment and savings schemes.

 

There are many government schemes available in the insurance market through which we can live our life. If you too are considering taking a plan of Life Insurance Corporation of India, ie LIC, then this news can prove to be important for you.

 

This is because recently the Life Insurance Corporation (LIC) has introduced a new LIC policy ' LIC's Bachat Plus (Plan No. 861, UIN: 512N340V01). It has given the facility of saving along with security. Let's know the special features and LIC policy details of this policy.

• The 'Bachat Plus Policy' provides financial support to the next of kin of the policyholder on maturity during the term of maturity.

 

• Also, if the policyholder is alive at the time of maturity of the insurance, then he provides a lump sum amount.

 

• In this 'Bachat Plus Policy,' a policy of a minimum of one lakh rupees can be taken. There is no limit to the maximum amount.

 

• LIC said the Bachat Plus plan has a maturity period of five years.

• In this 'Bachat Plus Policy' policyholders can also take loans if needed.

 

• By purchasing this 'Bachat Plus Policy' you will also get tax benefits for yourself and your spouse under section 80C of the Income Tax Act, 1961.

 

• 'Bachat Plus Policy' is an endowment plan with a duration of 15 to 20 years and investors can pay on a monthly, quarterly, half-yearly and yearly basis.

 

• Keep in mind that if you fail to pay the premium, then the policy will lapse at the end of the grace period. That is, your cover will end and you will not get any benefit.