LIC offers many attractive policies to its customers. In this, a special policy is given for every stage of age. From children to young and old people can also take advantage of it. LIC also brings a special scheme for women, one of which is the cornerstone. This policy is purely for women and is not available for men.
Table number 844 is the policy cornerstone made for women. The sum assured of this policy is 3 lakhs. That is, a maximum of 3 lakh rupees can be deposited in this policy. Whose income is low or high, anyone can take it, but this policy cannot be given to anyone with an assured sum of more than 3 lakhs. This policy can be taken without any test. Initially, when this policy came, it could be given to those girls and women who had an Aadhaar card. That is why the name of the policy was laid.
Advantage of bonus in policy:
Today this is not the case and this rule has been changed. Girls or women who do not have an Aadhaar card, can also take advantage of this policy. Meaning, it is not necessary to have an Aadhaar card to take the policy now. On maturity, the same amount of policy is taken, you will get the same amount. Loyalty edition will also be available along with it. In simple language, you will get a bonus along with the sum assured. It is important to keep in mind here that the more bonus you take for the duration, the more bonus you will get.
4 lakh rupees to be given on 20 years:
If you are 25 years old and take a policy for the sum assured of 3 lakh and the policy period is 20 years, then you get a good amount. For this, you have to pay a premium of only 891 rupees a month. In terms of one day, it is 30 rupees. If you give a premium of Rs 891 for 20 years, then your total liability will be Rs 2,09,511. When the maturity is complete, you will get 4 lakh rupees as a return. 891 rupees a month or 30 rupees a day becomes 4 lakh rupees in 20 years.
By the way, the premium should be paid on the due date. But LIC also gives some extra time to pay the premium, which is 15-30 days. Premium payers get 30 days of extra time in 3 or 6 months or throughout the year, while premium payers get 15 days of extra time every month.
If you wish, you can also get it canceled within 15 days after taking this plan. Whatever premium you have paid, you will get it back. The good thing is that no additional charge will be deducted from it. If you do not like this policy, then you can cancel this policy in these 15 days. This period is called the free look period.
If the insured stops paying the premium after paying 5 years, then for the next 2 years, you get the benefit of auto cover. There is also a loan facility in this policy, which can be taken after filling the premium for 3 years. You can take a loan up to 90% of the premium you have paid.