Life Insurance Company (LIC) has announced to offer investment schemes for Indian women who invest money. In this scheme, LIC will provide impressive returns and security on the investment. This scheme is offered to make the Indian women self-reliant which will cause the growth of many in a snap.
The scheme is named Aadhar Shila and is applicable for women between the ages of 8 to 55. If you wish to apply to this scheme, you can invest the least amount of money per day and you will get approximately Rs 4 Lakh at the time of maturity. Besides, the assured returns the company is also offering a protection coverage plan.
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The minimum amount offered at the time of maturity is Rs 75,000 and the maximum is Rs 3,00,000. Just in case, if the investor dies before the maturity then the money will be offered to the family as financial assistance by the state-owned insurer.
The investor can start the scheme by contacting any LIC investor or by visiting the nearest branch. The women investors can invest in the scheme for a minimum of 10 years to a maximum of 20 years. To open the LIC Aadhar Shila scheme, the investors will need an Aadhar card which is a guaranteed return endowment plan.
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How to get a maturity of 4 Lakh as a maturity?
To gain maturity of 4
Lakh, then the initial investment made by the woman investor should be Rs
10,959 per year along with 4.5% tax for 20 years. Thinking of the daily
savings per day it will be Rs 29. IN the next 20 years you will be providing Rs
2,14,696 to LIC in continuation of this scheme but at the end of the 20 years,
you will be getting roughly around Rs 4 Lakh. The choice of when the investors
which to pay the amount is totally on the investors. You can either pay monthly,
quarterly or half-yearly basis.