LIC’s new plan: Policy is one of the advantages, opportunity for saving tax and earning bonuses.
LIC Navjeevan Plan: The last date for tax saving is near. In this way many people find alternatives to different investments so that they can save tax. If you are one of those people then you can invest in LIC’s neo-plan plan. The Life Insurance Corporation of India has recently launched its endowment plan ‘Navjivan’. In this plan, the consumer can make regular payments or single payments at one time. By which tax will be saved and money invested in your last time.
LIC brings together such a single premium at the end of most financial year, but this plan of LIC is permanent and will be continued even after the end of the financial year.
Investment from 90 days to 65 years of age
In this scheme, individuals of 90 days age and 65 years of age can invest. This is not a market-linked scheme, i.e., the falling or the growth of the market will not affect this investment. But the profit earned by LIC will be as a bonus to consumers.
However, single premium option is available only to individuals up to 44 years of age. A person over the age of 44 can invest in a regular plan.
3% to 6.5% interest in the scheme
In this scheme, interest from 3% to 6.5% will be available. This scheme can be invested for 10 to 18 years. Investments in this scheme are exempted under section 80C of Income Tax. The best thing about this scheme is that if you pay all the premiums at a time, then you are free from worry about the termination of the policy if you do not pay the premium. At the same time, after 3 months of taking the policy in single premium option loan can also be taken on this policy.