LIC’s Savings Plus Plan can become a great saving scheme to save tax. Under the policy, tax exemption facility is available under Income Tax Section 80C.
Money Saving Scheme : Life Insurance Corporation of India ( LIC ) is considered a reliable and safe platform for investment. LIC offers many options for investment, by investing in which a good fund can be made. Savings can also be made. Many tax saving schemes are also available. One of these is LIC Bachat Plus Plan . In this, along with saving, the facility of security is also available.
Facilities available under the policy
Insurance cover is available under the Savings Plus Plan. Under this, the family gets financial assistance after the death of the policyholder. A lump sum amount is provided to investors at the time of maturity. A free look period of 3 months is available. Loan can also be applied after paying premium for 2 years. Apart from this, the facility of tax exemption is also available under Income Tax Section 80C.
How much can you invest?
The policy has a minimum sum assured of Rs 1 lakh. There is no limit on maximum investment. Investors can choose the option of monthly, half yearly, quarterly and annual premium payment as per their choice. There is also an option to deposit the premium in one go. Premium payment is also allowed for a limited period of 5 years.
avail benefits like this
The policy can be purchased both offline and online. For online investment visit the official website “www.licindia.in”.
