Long Term Investment Benefits in Life Insurance
In this post, We will discuss about the long term investment benefits in the life insurance plan. Suppose a person with the age of 18 years wants to invest in the life insurance plan of 10,00,000 Sum Assured. Then he/she can choose the plan between 12 to 35 years term. We are considering minimum and maximum year of term for investment and discussing its benefit below.
- If he/she select the life insurance plan with 12 years of term then he/she need to pay the premium of ₹246/day and get 14.5 Lac approximately after 12 years.
- If he/she select the life insurance plan with 35 years of term then he/she need to pay the premium of ₹72/day only and get 50 Lac approximately after 35 years.
In above discussion, While we have covered two term 12 and 35 years. You can select the term in between it as per your convenience. As you increase the term from 12 to 35 years, premium will decrease from ₹246/day to ₹72/day, and maturity will increase from 14.5 lac to 50 lac respectively.
I hope this post will give you a brief idea about the long term investment benefits. If still there is any query then fell free to post it in below mentioned comment box. If this post is useful to you then share it among your friends.
Post a Comment