LIC: This LIC scheme will make every investor a millionaire! Pay premiums for just 4 years… guaranteed to earn 1 crore..

In today's times, becoming a millionaire is no longer just a dream but a necessity. With rising inflation and lifestyles, saving alone is no longer enough; wise investment is essential. If you want your income to retain its value in the future, LIC's Jeevan Shiromani Plan can be an excellent option. This scheme not only provides protection but also ensures excellent returns.

What is LIC's Jeevan Shiromani Policy?
LIC's Jeevan Shiromani Plan is a non-linked, traditional savings plan that offers life cover and guaranteed high returns. This scheme is suitable for those who want to build a strong corpus over the long term by investing more in a short period of time.

Premium has to be paid for only 4 years.
The Jeevan Shiromani Plan requires premium payments for only 4 years. After this, an assured return of ₹1 crore is received at the scheduled time. There is no maximum sum assured limit.

In what period does it mature?
You can take the Jeevan Shiromani policy for a term of 14, 16, 18, or 20 years. However, regardless of the term, premiums are only payable for 4 years.

How much is the premium?
Policyholders will need to deposit approximately ₹94,000 per month to avail the benefits of this scheme. These premiums can be paid monthly, quarterly, six-monthly, or annually.

What should be the age?
The policyholder must be at least 18 years old to avail this scheme. Regarding the maximum age, the maximum age is 55 years for a policy term of up to 14 years, 51 years for a 16-year term, 48 years for an 18-year policy, and 45 years for a 20-year policy.

These facilities are also available.
This policy also offers a loan facility after paying the full premium for one year. It also includes death benefits, which provide the nominee with the full sum assured plus bonuses. Premiums are eligible for tax deductions under Section 80C and Section 10(10D) upon maturity.

Who is this scheme for?
This scheme is suitable for high-income investors because the premium amount is high. Failure to pay premiums on time can result in the policy lapse. Before investing, please consult your LIC agent or the official website for all terms and conditions.

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