LIC's Jeevan benefit policy offers  a lump sum amount to its policy holders after maturity.

If a policyholder dies, it also provides financial help for their family.

This policy of LIC is a non-linked plan. That is, it does not depend on the stock market. Hence it is considered safe.

If you take a Jeevan benefit policy at the age of 25, you will get an amount of Rs 54 lakh on its maturity.

At Rs 54 lakh, you have to opt for insurance amounting to Rs 20 lakh. In this case, you will have to deposit Rs 90,867 as premium every year.

This way you will have to invest  Rs 7,572 per month and Rs 252  per day.

Once the Jeevan benefit policy is matured, you will get Rs 54 lakh. The minimum age to take this policy is 18 years and the maximum is 59 years.

If the policyholder dies due to any reason during the term of the policy, the nominee gets the benefit of it

Along with the bonus to the nominee, the insurance company also gives the benefit of the sum assured. Individuals who invest in this LIC Plan can also take a loan.

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