Are you looking for a best fixed deposit option that offers excellent returns and helps you achieve financial security for your family and future? LIC Nivesh Plus 749 could be the perfect plan for you! Whether it’s for your children’s education, marriage expenses, or your retirement, this plan provides a robust financial foundation with impressive returns. Let’s delve into the details of this exceptional best fixed deposit scheme.
What is LIC Nivesh Plus 749?
LIC Nivesh Plus 749 is a Unit Linked Plan introduced by LIC in 2020. It’s designed to offer superior returns with a minimum lock-in period, guaranteed additions, and the benefit of tax-free maturity. This plan combines investment and insurance, making it an attractive option for risk-averse investors seeking consistent growth.
Key Features of LIC Nivesh Plus 749
- Eligibility: Available for individuals aged 0 to 70 years.
- Lock-in Period: Minimum of 5 years.
- Investment Tenure: Flexible options of 10, 15, or 25 years.
- Minimum Deposit: Starting at just ₹1,25,000.
- Tax-Free Returns: No tax liability on maturity benefits under Section 10(10D) of the Income Tax Act.
- Additional Benefits: Insurance and accidental coverage along with guaranteed additions.
Why Choose LIC Nivesh Plus 749 as Best Fixed Deposit Plan?
- High Returns:
- The plan has demonstrated remarkable returns over the years:
- 1 Year: 12% – 15%
- 5 Years: Doubling your investment
- 25 Years: Up to 25-30 times the initial deposit
For instance, a deposit of ₹1 lakh can grow to approximately ₹2 lakh in 5 years and up to ₹30-35 lakh in 25 years.
- The plan has demonstrated remarkable returns over the years:
- Superior Performance: LIC Nivesh Plus has consistently outperformed traditional options like bank fixed deposits and post office savings schemes that generally offer 6%-8% returns.
- Insurance Cover: Alongside investment returns, the plan provides life insurance coverage and accidental benefits, offering financial protection to your family.
- Guaranteed Additions: Periodic bonuses from LIC further enhance the overall returns.
- Tax Efficiency: Unlike mutual funds or recurring deposits, gains from this plan are tax-free, making it a lucrative option for long-term wealth creation.
Maturity and Returns Calculation
The plan’s maturity benefits vary based on the tenure and investment amount. Here’s an illustration:
| Deposit Amount (₹) | 5 Years (₹) | 25 Years (₹) |
|---|---|---|
| 1,25,000 | 2,40,000 | 35,00,000 |
| 2,00,000 | 3,90,000 | 50,00,000 |
| 5,00,000 | 9,80,000 | 1,00,00,000 |
| 7,00,000 | 13,90,000 | 1,50,00,000 |
| 10,00,000 | 20,00,000 | 2,20,00,000 |
These figures highlight how your money can multiply over time, offering unmatched growth.
Benefits Over Traditional Investments
- Fixed Deposits and Post Office Savings: Offer returns of 6%-8% with no insurance or accidental coverage.
- Mutual Funds and SIPs: Gains above ₹1 lakh in a year are subject to 12.5%-20% tax, reducing overall profitability.
- Tax-Free Advantage: LIC Nivesh Plus ensures zero tax deduction on maturity benefits, enhancing your net returns.
How to Invest in LIC Nivesh Plus 749
- Contact LIC Agents: Reach out to your nearest LIC branch or an authorized agent.
- Call or WhatsApp LIC Helpline: Call or WhatsApp on LIC Helpline Number 8800290020.
- Online Application: Visit the LIC website for hassle-free online enrollment.
- Consult Financial Advisors: Gain insights and advice tailored to your financial goals.
Frequently Asked Questions (FAQs)
1. What is the minimum lock-in period?
The minimum lock-in period is 5 years.
2. Are the returns guaranteed?
Yes, LIC Nivesh Plus offers guaranteed additions and periodic bonuses to enhance returns.
3. Is the plan suitable for senior citizens?
Absolutely. The plan caters to individuals up to 70 years old and provides significant financial security for retirement.
4. Are the maturity benefits tax-free?
Yes, all maturity benefits under LIC Nivesh Plus 749 are tax-free under Section 10(10D).
5. How does this plan compare to mutual funds?
While mutual funds offer high returns, they are subject to market risks and taxes. LIC Nivesh Plus provides high returns with tax-free maturity and insurance benefits, ensuring security and profitability.
Conclusion
LIC Nivesh Plus 749 is a game-changer for investors seeking safe, high-return options. With its unique blend of investment and insurance, this plan ensures financial security, superior growth, and tax-free returns. Whether you’re planning for your children’s future, retirement, or major life milestones, LIC Nivesh Plus 749 is a reliable choice for achieving your financial dreams.
