LIC New Policy: LIC is launching two new plans. The insurance company has launched these plans with the middle class and the poor in mind. Many LIC policies are linked to the stock market, but the upcoming new plans are not linked to the stock market. Additionally, under the Jeevan Shiromani policy, you will have to deposit Rs 94,000 every month for four years. You can pay premiums quarterly, half-yearly, or annually if you prefer.
You will need to deposit money every month for four years.
The Jeevan Shiromani policy is a savings scheme that is not linked to the stock market. It is a personal life insurance scheme. You have to deposit approximately ₹94,000 every month for four years. You can pay this premium monthly, quarterly, every six months, or once a year. The policyholder must be at least 18 years old to avail the plan. The maximum age for a 14-year policy is 55 years, for a 16-year policy is 51 years, for an 18-year policy is 48 years, and for a 20-year policy is 45 years.
The Jeevan Shiromani policy is a savings scheme that is not linked to the stock market. It is a personal life insurance scheme. You have to deposit approximately ₹94,000 every month for four years. You can pay this premium monthly, quarterly, six-monthly, or even once a year. To qualify, the policyholder must be at least 18 years old. The maximum age is 55 years for a 14-year policy, 51 years for a 16-year policy, 48 years for an 18-year policy, and 45 years for a 20-year policy.
