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LIC Money Back Plan: Owner of 23 lakhs, save tax of Rs 160 daily, can avail in 5 years

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New Delhi. The country’s largest insurance company Life Insurance Corporation of India has several schemes for consumer investment. By investing in the scheme, the customer can add a lot of money for his future. LIC offers many such policies that most people like. Some of these policies are long term and some are short term. In such a situation, if you want to invest a little bit and get a lot of returns, then this wish can be fulfilled. For this, LIC has launched a plan. Whose name is LIC New Money Back Policy.

Let’s know about LIC New Money Back Policy
This money back plan of LIC is a non linked life insurance policy. Which gives guaranteed returns and bonuses. The specialty of this plan is that the insurer gets money back in 5 years, better returns in maturity, as well as tax insurance benefit every year.

The amount received on maturity is tax freeYou will get 2 options of 20 years and 25 years to take this plan. This policy is a completely tax free policy. In addition, there will be no tax on the amount received on its interest, premium payment and maturity. If you invest 160 rupees every day for 25 years in this plan, then after 25 years you will get up to 23 lakh rupees.

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Those aged 13 to 50 years can take benefits
According to LIC, anyone from 13 years to 50 years can take this plan. In this plan, every fifth year i.e. 5th year, 10th year, 15th year, 20th year, 15 20% money back will be available. But this will only happen when at least 10 percent of the premium will be deposited. With this, investors will be given a bonus on maturity. Accidental death will also be available in this plan for a total of Rs 10 lakh. On maturity, investors will also be given a bonus.

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