LIC Policy has started this special scheme, you can get better returns on investment

New Delhi: In today's economic era, investing has become very important for everyone. Because while working we do not know when we will get time, which makes it necessary to invest for the needs of the family.

So LIC is running many schemes for this investment, due to which here we have brought for you tremendous information about an excellent scheme, LIC Jeevan Azad Policy.

LIC has named this scheme Jeevan Azad Policy, its benefits are visible from the name itself. Actually, LIC has designed the Jeevan Azad policy in such a way that the customers purchasing it get the benefit of both protection and savings.

In this policy, the nominee gets this policy death benefit of LIC. In this scheme which gives tremendous benefits, you will have to pay low premium only for 8 years.

If someone has purchased Jeevan Azad policy for 20 years, then the policyholders will have to pay premium only for 12 years instead of 20 years. So for an 18 year old policy, premium will have to be paid for 10 years.

Upon purchasing this plan, customers can choose from monthly, quarterly, half-yearly and annual premium payment options. If you are thinking of buying this plan, then let us tell you that the minimum sum insured in Jeevan Azad policy is Rs 2 lakh and the maximum sum insured is Rs 5 lakh.

In such a situation, if a 30 year old customer takes this scheme for 18 years, then if he takes the sum assured of Rs 2 lakh, then he will have to deposit only Rs 12,038 for 10 years. 

The same customers get tax benefits in the policy, through which you can get tax exemption on premium under Section 80C of Income Tax.