India: LIC's new Bima Jyoti plan is very beneficial

Life Insurance Corporation of India (LIC) has introduced a new policy in the market. The customer will get double benefit by taking Bima Jyoti policy because investors will get the option of saving along with insurance. Overall, LIC has once again introduced a scheme that promises to give huge benefits to investors.

On investing in Bima Jyoti scheme, you will get a lump sum payment after Maturity. Apart from this, financial assistance will also be provided to his family members on the untimely demise of the policy holder. At the end of every policy year, an additional Rs 50 per thousand rupees will be added on the basic sum insured. According to LIC, insurance of at least 1 lakh rupees will be available in the Bima Jyoti scheme, although no maximum limit has been kept.

Bima Jyoti policy can be taken for 15 to 20 years. People from 90 days of age to less than 60 years will be able to take Insurance Jyoti Policy. It is a completely non-affiliate, non-participation, personal, savings scheme. In this, the policyholder is also getting the option of saving along with insurance. This is a very good plan for future safe.

Generally, people in India are not very serious towards insurance. This is also proved by the fact that most people insure only on the advice of the insurance agent or on getting the scheme, whereas a scheme like Bima Jyoti should be taken as soon as possible without thinking it is giving you many benefits in one premium is. In the future, you will get full help from LIC in case of any untoward incident.

In the budget speech, Finance Minister Nirmala Sitharaman announced that the IPO of LIC will be brought in the next financial year. According to the information so far, it can be announced after October. Minister of State for Finance Anurag Thakur recently informed Parliament that LIC customers will get 10 percent reservation in IPO. According to experts, LIC has more than 32 crore customers and the financial position of the company is between 12 to 15 lakh crores.