Apr 5, 2023, 02:47 AM IST
The Bima Ratna Policy offered by LIC is a non-linked, non-participating, individual savings life insurance plan that offers a guaranteed bonus.
By investing Rs. 5 lakh in this policy, investors can get up to Rs. 50 lakh on maturity, which is ten times the initial deposit amount.
The policy requires a short premium payment period and investors are guaranteed to receive the bonus upon maturity.
The policy term is available in 15, 20, and 25-year options, with premium payments to be made for a shorter duration depending on the selected term.
The minimum monthly premium that investors must pay is Rs. 5,000, which equates to saving about Rs. 166 daily.
The LIC Bima Ratna policy is an excellent investment option for those looking for a guaranteed bonus and a high return on investment.