LIC Single Premium plans are the best investment for long time commitment. Planned investment in LIC Single Premium plans for Children Education, Higher Education, Job support, etc., can be very helpful.
New Bima Bachat Plan
New Bima Bachat is a single premium money back plan helps you to get invest for Education and marriage purpose. Money Back at every 3 years and in addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility.
New Single Premium Endowment Plan
Single Premium Endowment Plan offers returns at the maturity only. This is plan is very good for those who are looking for safety of their investment. Under this plan, Money can be invested for long term to get good returns. Single Premium Endowment Plan not only gives returns it give insurance cover also. Survival benefits, Maturity benefits under all LIC Plans are non taxable under section 10(10D) of Income Tax Act.