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A good news has come out for poor and middle class families in India. Life Insurance Corporation of India (LIC) has introduced a scheme that promises to give big returns in low investment. Under this scheme, you will have to invest only 1800 rupees every year and in return you can get a hefty amount of up to 8 lakh rupees. This scheme is specially made for those who want to increase their hard -earned money in a safe and beneficial way. Let us know in detail about this scheme and understand how it can improve your future.

LIC is one of the most trusted insurance companies in the country, which has decades of experience and trust of crores of customers. The purpose of this new scheme is to provide economic security to small investors. If you are wondering how such a big benefit can be found in such a little money, then the answer is the magic of long -term investment and compound interest. In this scheme, you have to deposit a nominal amount regularly, which increases with time and you get a lump sum big amount at the time of maturity. This is a golden opportunity for those who want to save their children for their education, shai or retirement.

The biggest feature of this scheme is that the risk in it is extremely low. All the schemes of LIC run with the support of the government, due to which your money is completely safe. Suppose you invest 1800 rupees every year. This amount is so low that even a normal family can easily bear it. Nevertheless, this amount can reach 8 lakh rupees by investing for a long time. This scheme is not only a breath of relief for the economically weaker section, but also a great option for the middle class who wants to plan the future in its limited budget.

Experts believe that this scheme is the most beneficial for those who want to start preparing their future from now. LIC officials say that much paperwork is not required to join the scheme. You can easily start it by going to your nearest LIC office or through an online portal. Also, this scheme is flexible, that is, you can choose the duration of investment according to your convenience. Whether you invest for 10 years or for 20 years, the return may be more than your expected.

However, it is important to take care of some things before investing. First of all, understand the conditions of this scheme well. Also see if this investment fits between your income and expenses. Financial advisors say that it is necessary to take complete information about it before putting money in any scheme. For more information about this scheme of LIC, you can visit their official website or consult an expert.