A non-linked, non-participating individual savings plan with assured returns at maturity is the LIC Bima Jyoti Policy. Anyone between the ages of 90 days and 60 years can acquire the insurance, which has a period of 15 years. There is no maximum amount that can be insured; the minimum amount is Rs. 1 lakh.
The cost of this program is one of its main advantages. Policyholders may safeguard their financial future and make sure that their families are covered in the event of an unanticipated occurrence with a minimal premium of Rs. 166 per day. Furthermore, there are several flexible premium payment choices available with the coverage, including yearly, biannually, quarterly, and monthly payments.
Also, guaranteed additions that are paid at maturity or death will be advantageous to policyholders. Beginning at the conclusion of the second policy year, the guaranteed addition is determined as a percentage of the sum insured and rises annually. As a result, policyholders are guaranteed greater returns on their investments.
The sum insured and accumulated guaranteed additions is paid to the nominee in the tragic event of the policyholder's passing during the policy term. This guarantees that the policyholder's family will be financially stable and be able to continue making their monthly payments.
For those seeking a low-risk investment option with assured returns at maturity, the LIC Bima Jyoti Policy is a great choice. The policy is available to a broad spectrum of people due to its accessibility and various premium payment alternatives.
In conclusion, those looking to safeguard their family and guarantee their financial future may consider investing in the LIC Bima Jyoti Policy. This policy offers assurance because of its low premiums and promised returns.
For additional information on this policy, interested parties can get in touch with the LIC branch or agent that is closest to them.
