Saving Scheme Scheme: In this money-back scheme of the government, policyholders can decide the policy tenure and premium payment term as per their wish. Loan facility is also available in this. During maturity Rs. 50 lakh compensation is also available.
This government scheme will make you rich – Saving Scheme Scheme
Small savings can secure your future. If the method of investment is right then lakhs and crores of funds can be accumulated. The government is also running various schemes through various platforms. By investing in which citizens can get huge returns. One of such special schemes is “Dhan Rekha Yojana”, which is administered by LIC.
Know about the scheme
LIC Dhan Rekha Yojana is one of the favorite schemes. It is a money-back scheme, which pays recurring deposits to investors. Policyholders can decide the policy term and premium term payment as per their wish. Loan facility is also available in this. Anyone in the age group of 8 years to 60 years can avail this scheme. In this, the sum assured is Rs 2 lakh. A lump sum is paid at the time of maturity. On the death of the policyholder the family gets financial assistance under the scheme.
This is the calculation
To build a fund of Rs 50 lakh, one has to start investing in this scheme at the age of 30 years. After which a premium of 9996 rupees will have to be paid. If you have to deposit Rs 833 per month. With this account you have to save around 30 rupees per day.
Disclaimer: The purpose of this article is to share general information only. The Bhopal News does not recommend investing in any scheme.