Money Saving Plan : Saving is important in anyone’s life. It is not easy for a common man to become rich. Preparation for this has to be done well in advance. A correct strategy is required. We are going to tell you about one such scheme, which gives three times more returns.
This scheme of LIC will make you a millionaire
LIC runs many types of schemes. One of which is Regular Premium Unit Linked Plan SIIP. It also provides guarantee of secure returns and benefits. If you are planning to become a millionaire by saving then LIC’s SIIP can be a good option. In this plan, premium has to be paid for 21 years. After maturity, you get 3 times the return of the amount.
About the plan
Under this scheme, the option of monthly, half yearly, quarterly and annual premium payment is available. Investors can choose any option as per their wish. In this, 40 thousand rupees have to be deposited annually. Every month you will have to invest Rs 4000. Under this, insurance cover of Rs 4,80,000 is also available. The plan can be availed both online and offline.
Here is the calculation
If a person invests Rs 4000 every month, the investment amount in 21 years will be Rs 10,08,000. Accordingly, Rs 134 will have to be saved daily. You will get Rs 35 lakh during maturity, which will be three times more than the investment.
