The Life Insurance Corporation of India (LIC), the country’s largest and most trusted insurance policy company introduces the most profitable insurance deals for all citizens of every age group. These schemes make sure to secure the future wealth of every person who buys it. And out of the few most popular schemes, there is one called LIC Bima Ratna Plan.
LIC Bima Ratna Plan
LIC Bima Ratna Plan provides three major benefits to the policyholders which are a money-back guarantee, rich bonuses and death cover. This policy has a term period of 15 years and investors will be able to receive 10 times the total amount of their total deposit.
As per the policy guidelines, “investors receive a 25 per cent return on their investment during the 13th and 14th year of the policy for a 15-year policy term. Similarly, for a 20-year policy term, investors receive a 25 per cent return on their investment during the 18th and 19th year, and for a 25-year policy term, the return is received during the 23rd and 24th year of the policy. The plan also offers a bonus of Rs 50 on every Rs 1000 for the first five years, which increases to Rs 55 between 6-10 years and finally becomes Rs 60 per thousand by maturity,” mentioned by DNA India.
Also read:
Aadhaar Card Update: Govt Advises Users to Update Aadhaar Details, Learn How
The LIC Bima Ratna Plan can be availed in the name of a child who is a minimum of 90 days old and by an individual who is a maximum of 55 days. Investors are required to invest a minimum of ₹5 Lakh. Payment mode can be preferred quarterly, half-yearly or annually.
