(LIC’s Unmissable Investment Plan) : Investing in a reliable and secure plan is crucial for a financially stable future. Life Insurance Corporation of India (LIC) has introduced an attractive investment scheme that allows individuals to deposit just ₹1,800 per month and receive a lump sum of ₹8 lakh at maturity. This scheme is designed for individuals looking for a disciplined, long-term savings option with substantial returns. In this article, we will provide a comprehensive breakdown of this investment plan, covering its benefits, eligibility, and return calculations.
LIC Investment Plan: Key Features
LIC’s savings and investment plans have always been popular due to their high credibility, guaranteed returns, and additional life cover benefits. Below are the main features of this plan:
- Affordable Monthly Investment – Deposit as low as ₹1,800 per month.
- Guaranteed Maturity Amount – Receive approximately ₹8 lakh at the end of the policy term.
- Life Cover Benefit – Offers financial security to the policyholder’s family.
- Flexible Tenure Options – Policy duration can be selected as per preference.
- Tax Benefits – Investments qualify for tax exemptions under Section 80C of the Income Tax Act.
- Bonus and Additional Benefits – LIC policies often offer bonuses, enhancing maturity benefits.
This plan is ideal for individuals looking for secure long-term investment options with substantial returns and insurance coverage.
See More :LIC Jeevan Anand Policy : Invest ₹1,358 Per Month and Get ₹25 Lakh
Eligibility Criteria for the LIC Investment Plan
To enroll in this scheme, policyholders must fulfill certain eligibility requirements:
- Minimum Age: 18 years
- Maximum Age: 55 years (varies based on the policy selected)
- Policy Term: 15 to 25 years
- Minimum Sum Assured: As per policy rules
- Medical Examination: May be required depending on the sum assured
- Premium Payment Mode: Monthly, Quarterly, Half-Yearly, or Annually
These criteria ensure that the policy is accessible to a wide range of investors, including salaried employees, self-employed professionals, and small business owners.
Investment Calculation: How You Can Get ₹8 Lakh
Understanding the financial calculations behind this scheme is crucial before investing. Below is an estimated breakdown of the returns based on an investment of ₹1,800 per month:
Estimated Returns Table
| Monthly Investment (₹) | Annual Investment (₹) | Total Investment (₹) Over 20 Years | Approximate Maturity Amount (₹) | Bonus & Other Benefits (₹) |
|---|---|---|---|---|
| 1,800 | 21,600 | 4,32,000 | 8,00,000 | 3,68,000 |
- The estimated maturity amount includes bonuses and additional benefits.
- LIC provides periodic bonuses, increasing the total payout at maturity.
- The final amount may vary slightly depending on the LIC plan chosen.
Benefits of This LIC Investment Plan
This investment plan offers several advantages, making it one of the most reliable options for long-term savings:
1. Secure and Risk-Free Investment
LIC policies are backed by the Government of India, ensuring the safety of invested funds. Unlike market-linked investment options, this plan provides guaranteed returns with no risk of loss.
2. Dual Benefit: Savings & Insurance
Apart from the attractive returns, this plan provides life insurance coverage, offering financial protection to the policyholder’s family in case of unforeseen circumstances.
3. Tax Benefits on Premium and Maturity Amount
Investments made in this plan qualify for tax deductions under Section 80C, while the maturity proceeds may be tax-free under Section 10(10D), subject to conditions.
4. Flexible Premium Payment Options
Policyholders can choose to pay premiums on a monthly, quarterly, half-yearly, or yearly basis, making it easier to manage financial commitments.
5. Loan Facility Against Policy
LIC policies often allow policyholders to avail loans against the policy after a specific duration, providing financial flexibility in times of need.
Step-by-Step Guide to Investing in LIC’s ₹1,800 Monthly Plan
For those interested in enrolling in this investment scheme, here’s a step-by-step guide:
Step 1: Choose the Right LIC Plan
LIC offers multiple savings and endowment plans. Discuss with an LIC advisor or visit the official LIC website to select the policy that best fits your needs.
Step 2: Check Your Eligibility
Ensure you meet the eligibility criteria, including age, health conditions, and premium payment capacity.
Step 3: Decide the Policy Term and Premium
Choose the appropriate tenure (typically 15-25 years) and monthly premium based on your financial goals.
Step 4: Submit Documents and Complete KYC Formalities
Provide necessary documents such as identity proof, address proof, income proof, and medical records (if required).
Step 5: Pay the Premium and Activate the Policy
Once your application is approved, start paying the premiums regularly to keep the policy active.
Step 6: Track Policy Performance
Regularly monitor your policy status, including bonus declarations, through the LIC portal or by contacting your LIC agent.
Comparison: LIC vs Other Investment Options
To help you make an informed decision, let’s compare this LIC investment plan with other popular investment options:
| Investment Option | Monthly Contribution (₹) | Tenure (Years) | Expected Returns (₹) | Risk Level | Tax Benefits |
|---|---|---|---|---|---|
| LIC Investment Plan | 1,800 | 20 | 8,00,000 | Low | Yes |
| Fixed Deposit (FD) | 1,800 | 20 | 6,50,000 | Low | Partial |
| Mutual Funds (SIP) | 1,800 | 20 | 10,00,000+ | High | Varies |
| PPF | 1,800 | 15 | 7,50,000 | Low | Yes |
- LIC provides guaranteed returns, whereas mutual funds involve market risks.
- Fixed Deposits offer lower returns compared to LIC due to fixed interest rates.
- PPF has a shorter tenure but offers comparable returns with tax benefits.
Who Should Invest in This LIC Plan?
This plan is best suited for:
- Individuals looking for long-term savings with minimal risk.
- Parents planning for their child’s education or marriage.
- Salaried employees who want a tax-efficient savings option.
- Those looking for insurance coverage along with investment benefits.
- Retirees or senior citizens seeking stable returns with financial security.
LIC’s ₹1,800 per month investment plan is an excellent choice for those seeking safe, disciplined, and rewarding financial growth. With the added advantage of life insurance coverage, tax benefits, and guaranteed returns, this plan stands out as a secure alternative to market-driven investment options. Whether you are saving for your child’s future, planning for retirement, or looking for an emergency fund, this LIC investment plan provides peace of mind and financial stability.
Before investing, consult an LIC representative to understand the exact benefits and terms applicable to your chosen plan. Start your investment journey today and secure your future with LIC’s trusted policies!