If you are opting for investment in LIC or Post Office, then we are going to tell you 2 such saving schemes. Let’s tell in which you are getting more profit.
Post office plan is better or this plan of LIC, check here complete information
Are you also looking for a better investment option for yourself? If yes, then today we are going to tell you 2 such options by investing in which you can earn good profits as well as secure your future. Let us tell you, from time to time the Post Office and LIC keep bringing new offers and schemes for their customers. In such a situation, today we will tell you these two great investment options each.
By the way, the current interest rate on most of the post office savings schemes is 7.6 per cent per annum. At the same time, LIC is also giving excellent returns on many savings schemes. Come, today we tell you about 2 such saving schemes.
read this also: How much salary people should invest, understand the details from experts
Post Office Senior Citizen Savings Scheme (SCSS)
Post Office This scheme is for senior citizens. The maturity of this scheme is done in 5 years. 7.4 annually on SCSS, but it is worth noting that you can invest only once in this scheme. The minimum limit to invest in it is Rs 1000, while the maximum you can invest in it is Rs 15 lakh. You can invest in this only if you are 60 years or more.
If you invest Rs 10 lakh in it at one go, then you will have a total of Rs 14,28,964 on maturity after 5 years at 7.4 per cent (compounding) interest rate per annum. In which 10 lakh will be your investment and the remaining Rs 4,28,964 will be your interest.
LIC Bima Savings Plan
LIC’s Bima Bachat Yojana is a money back plan. In this, on maturity, you will get the loyalty of single premium, if you have taken any loyalty, then it is returned along with it. The cash needs of the investor are also taken care of in this scheme. That’s why you also get the facility of loan in this. In this, you can select the term of the policy of 9, 12 and 15 years according to your wish. If the policyholder dies during the policy term in the plan, the sum assured is payable. At the same time, if you have any loyalty edition on this, then you get that too. To invest in New Insurance Savings Plan, you can invest at a minimum age of 15 years. Whereas, the maximum age limit is 50 years.
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