If you are planning to invest somewhere and have in mind how and where to invest. So we are telling you about a special scheme of LIC in which you can get good profit by investing. We are talking about LIC SIIP in which it is beneficial to invest. LIC Chairman MR Kumar has recently launched two new unit-linked plans LIC Investment Plus Plan (UIN 512L317V01) and LICSIIP (UIN 512L334V01). LIC investments are single premium, non-participating, unit-linked and personal life insurance, which also offers the option of investing with insurance during the term of the policy.
LIC's SIIP is a regular premium, non-participating, unit linked, personal life insurance plan that provides investment with insurance during the term of the policy.
The policyholder can select the amount of premium to be paid which he wants to pay. Upon completion of the special term of the policy, the guaranteed additions as a percentage of the annual premium will be added to the unit fund under an in-force policy. The Premium and Guaranteed Additions allotted according to the allotted fund type will be used to purchase the unit.
The minimum premium is Rs. 40,000 with no maximum premium limit. The unit fund value will be equal to the amount on completion of the policy. After completion of five years of the policy, some amount can be withdrawn as per the terms of the policy.
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You must be at least 90 days old and at most 65 years old to enter the policy.
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