Good Investment Plan: Life Insurance Corporation of India (LIC) is considered a reliable and safe medium for investment. LIC offers many options for investment, which can also be used to save well for the future. Many tax saving schemes are also under this company. One of these is LIC Bachat Plus Plan. Apart from savings, LIC also offers protection benefits.
Life insurance cover is available under the Bachat Plus Plan (LIC Bachat Plus Plan). Under this, the family gets financial assistance after the death of the policyholder. A lump sum amount is paid to investors on maturity. Loan can be applied for after depositing the premium for 2 years. Apart from this, one also gets the benefit of income tax exemption under Section 80C of the Income Tax of India (Under Section 80C of the Income Tax of India).
The minimum sum assured of the policy is Rs 1 lakh. There is no maximum limit on investment. Investors can choose monthly, half-yearly, quarterly and annual premium payment options as per their choice. There is also an option to deposit the premium together. Payment of premium is also allowed for a limited period of 5 years.
The policy can be purchased both offline and online. For online investment visit the official website “www.licindia.in”.