LIC’s Mega Scheme: Invest Just ₹1,111 a Month and Get ₹86 Lakh – Here’s How It Works

LIC’s Mega Scheme : Looking for a safe and high-return investment with minimal monthly contributions? The Life Insurance Corporation of India (LIC) has introduced a powerful savings scheme that claims to offer ₹86 lakh on a monthly investment of just ₹1,111. This plan has caught the attention of thousands of Indians looking for long-term wealth creation without the volatility of market-linked instruments. Here’s a breakdown of how it works and who can benefit the most.

What Is the LIC ₹1,111 Monthly Scheme?

LIC’s plan, often being referred to as a ‘Lakhpati’ or ‘Crorepati’ scheme by financial advisors, is actually a long-term investment-cum-insurance policy. It allows policyholders to invest a small fixed amount every month and receive a large lump sum after the policy term.

This scheme is likely based on LIC’s popular endowment plans such as LIC Jeevan Labh or LIC New Endowment Plan, which combine insurance and savings to deliver guaranteed returns along with bonus additions.

Key Highlights of the Scheme:

• Monthly Investment: ₹1,111
• Total Duration: 25-35 years (flexible)
• Total Return: Up to ₹86 lakh*
• Type: Insurance-cum-savings
• Risk: Very low (not market-linked)
• Tax Benefits: Under Section 80C and Section 10(10D)

*Returns depend on plan choice, term, and declared bonuses.

How the ₹86 Lakh Payout Works

Let’s understand the returns through a practical example. Assuming the scheme is based on LIC’s Jeevan Labh plan, here’s what you can expect:

Sample Investment and Returns Table (25-Year Term)

Details	Value
Monthly Investment	₹1,111
Yearly Investment	₹13,332
Policy Term	25 Years
Total Premium Paid	₹3,33,300
Sum Assured	₹10,00,000
Estimated Bonus	₹65,00,000
Final Maturity Amount	₹85,00,000+
Risk Coverage	₹10,00,000

Factors Influencing the Final Amount:

• Age of the policyholder
• Policy term chosen
• Sum assured opted
• Declared bonuses by LIC during the term

Who Should Consider This Scheme?

This LIC scheme is ideal for individuals who:

• Prefer stable and guaranteed returns
• Want life insurance coverage along with savings
• Are planning for long-term goals like children’s education, marriage, or retirement
• Wish to save tax under Section 80C
• Are risk-averse and want to avoid stock markets or mutual funds

Benefits of the LIC ₹1,111 Scheme

Here are some compelling benefits that make this scheme stand out:

• Affordable Premium: Low monthly payment makes it accessible to salaried employees, small business owners, and even students.
• Life Cover: Security for your family in case of the policyholder’s death.
• Tax Savings: Premium paid qualifies for deductions under 80C, and maturity proceeds are tax-free under 10(10D).
• Bonus Additions: LIC declares annual bonuses that significantly boost returns over the long term.
• Guaranteed Maturity: Ensures fixed returns with no market dependency.

Other Plan Options with Similar Features

If you’re considering other LIC plans with similar benefits, here are some top picks:

Comparison Table of Similar LIC Plans

LIC Plan Name	Minimum Monthly Premium	Policy Term	Maturity Benefit	Type
LIC Jeevan Labh	₹1,111	25 Years	Up to ₹85-90 Lakh*	Endowment + Bonus
LIC New Endowment	₹1,200	20-35 Years	₹30-70 Lakh Range*	Traditional Savings
LIC Jeevan Anand	₹1,500	15-35 Years	₹40-80 Lakh Range*	Savings + Lifetime Cover
LIC Bima Jyoti	₹1,000	15-20 Years	₹25-50 Lakh*	Guaranteed Additions
LIC SIIP	₹1,000	Market Linked	Market Returns	ULIP Plan

*Figures are based on past performance and bonus trends.

How to Enroll in the Scheme?

Joining this scheme is easy and hassle-free:

• Visit the nearest LIC branch or connect with a registered LIC agent.
• Choose the preferred plan (e.g., LIC Jeevan Labh).
• Provide documents: Aadhaar, PAN, income proof, and medical history.
• Decide on the monthly premium and policy term.
• Complete medicals (if applicable) and pay the first premium.

After approval, you’ll receive the policy bond, and your policy will start generating returns.

LIC’s ₹1,111 per month investment scheme is a powerful tool for anyone dreaming of long-term wealth creation with peace of mind. With the dual benefits of insurance and guaranteed returns, it becomes an attractive option for conservative investors. While the ₹86 lakh figure is possible under ideal conditions, actual returns can vary based on the chosen policy and bonuses.

Always consult an LIC advisor or agent to customize the plan based on your age, financial goals, and risk appetite.

The figures mentioned in this article are based on indicative projections and past performance of LIC bonus trends. Exact returns will depend on the specific plan terms, bonuses declared, and individual policyholder profile. Please read the policy brochure carefully before investing or consult a financial advisor.