LIC, the country’s largest government insurance company, has many schemes. Their scheme is popular in every corner of the country. If you also want to know about the best scheme of LIC, then today we will tell you about its 5 best policies.
Why is LIC’s Jeevan Anand special?
If you want to deposit a big fund in a low budget, then LIC’s Jeevan Anand policy can be suitable for you. In this, you can start by depositing only Rs 45 every day or monthly installment of Rs 1358. This small amount can create a big fund for you in future up to Rs 25 lakh. The minimum tenure of this scheme is 15 years and on completion of maturity, you get a lump sum amount along with bonus.
What is LIC’s new endowment plan?
If you want a fixed return while keeping your savings safe, then this policy may prove to be right for you. This scheme of LIC has been designed keeping in mind those investors whose entire focus is on the security of investment. Being a low-risk plan, you get the benefit of fixed returns and bonuses along with life protection.
These benefits are available in LIC Jeevan Shiromani
If you have a good amount of money to invest then this policy can prove helpful for you. This is a great non-linked life insurance plan. Its biggest feature is that the investment period is short and the time to profit is long. In this, sum assured up to Rs 1 crore can be taken. For example, if a 30 year old person takes this policy for 20 years, then he will have to pay a premium of around Rs 7.59 lakh annually for only 4 years, while its benefits will continue for the entire 20 years.
There will be excitement in life after retirement
If you want excitement in your life financially even near retirement, then LIC’s Jeevan Umang can be a better option for you. Jeevan Umang is an excellent lifetime income plan. After completion of the premium deposit period, this plan starts offering guaranteed moneyback of 8% every year. You get this income throughout your life. Besides, in case of any untoward incident, complete insurance cover is also provided to the family.
This policy is special for children
If you are worried about your children’s higher education and marriage. To overcome this worry, Jeevan Tarun is a very safe plan. In this, investment is made till the child turns 25 years old. When the child is between 20 to 25 years of age, he gets a fixed amount as moneyback every year. After this, on completion of the policy term, they get a substantial lump sum amount along with a bonus, which is useful in the beginning of their career.
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