The LIC money-back plan is one of the most popular plans in the country. This plan is designed to provide financial support to the students who are undergoing education and preparing for the exams. The students can avail this benefit by availing their loans from several banks. The banks will pay the amount to the student after completing their study. So all those students who are going through this process, then they can apply for it by filling up an application form. There are many benefits that you can enjoy by availing of this plan like free education, free books, free education fees, etc.
The LIC New Money Back Plan is a unique way to invest in LIC stocks. It has many benefits that make it worth considering for all types of investors. The most important benefit is that LIC Money Back policy 2022 offers a guaranteed return. If the stock price goes up, you can get your money back. This ensures that you will not lose any money if the stock price goes down or if there are no returns at all.
Let us take a look at them in detail
Here are the benefits of LIC money back plan:
- Your bank account will be debited automatically after every transaction and you can withdraw the amount as soon as it is credited in your account.
- You will not be required to maintain any cash balance in your bank account.
- The interest earned by you on your deposits will be higher than the interest offered by banks through their FDs, CDs, and PPF schemes.
- You can invest in mutual funds and other investment plans without any worry about the minimum investment amount or lock-in period required by banks for investing in mutual funds, etc.
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