With insurance, you can reduce your risk. When you buy insurance, you pay a fee to the insurance company in the form of premium, which in return gives you treatment or death cover. Insurance companies invest this fund so that they can pay your claim. The long-running COVID pandemic, which began last year and continues into 2021, has taught us some financial lessons. Life insurance, financial security for the family and investment growth are the three important factors. Here we will give you the best 10 LIC policies to choose from based on your requirement.
LIC Tech-Term
LIC Tech Term Plan, also known as Plan 854, is an online-only plan that cannot be purchased offline. LIC Tech term plan is less expensive than other term plans offered by the company, as it can be bought online only. LIC’s Take-Term Policy is a non-linked, profit-free “Online Term Assurance Policy” that financially protects the family of the Life Assured in the event of his/her untimely death.
LIC SIIP
It is a unit-linked component (ULIP) fund. This means that there is no guarantee of refund. This plan includes premium allocation charges, mortality charges, fund management charges, switching charges, partial withdrawal charges and other charges. You can choose any one fund from four different funds. These include bond funds, secured funds, balanced funds and growth funds.
LIC Insurance Jyoti
LIC Bima Jyoti (Plan No. 860) is an individual, limited premium paying, non-linked, non-participating life insurance savings plan. 50 per thousand Guaranteed Additions are added at the end of each policy year, throughout the policy term. This plan can be availed online or through agents at a discounted rate. Accidental Death and Disability Rider Benefit, Accident Benefit Rider, New Critical Illness Benefit Rider are included in the benefits of this plan.
lic cancer cover
LIC Cancer Cover is a non-linked, non-participating health insurance plan. It is a fixed-benefit health plan that pays for cancer treatment. If a customer gets cancer, then no matter how much money is spent in the treatment, this scheme is given. LIC cancer cover protects you against early and late cancer stage expenses.
LIC Jeevan Akshay VII
LIC Jeevan Akshay VII is an annuity plan, which pays instantly. It is a one-time-only, non-linked, non-participating and individual instant annuity plan. Policyholders can choose from ten different annuity options after paying a lump sum. This plan is available both online and in person.
LIC New Jeevan Shanti
LIC launched its new pension plan LIC New Jeevan Shanti. It is a Deferred Pension Plan with a single premium. Pension rates are guaranteed at the time of purchasing the policy. Secondly, if you choose half-yearly, quarterly or monthly pension, your pension will be reduced. This policy can also be surrendered.
Pradhan Mantri Vaya Vandana Yojana
LIC also handles this plan. The purchase value is the amount invested by the buyers of the plan. That is, the amount you invest is the purchase price of the policy. In this scheme regular pension is paid on monthly, quarterly or yearly basis.
LIC Saral Life Insurance
Saral Life Insurance Policy is a standard term insurance policy. Documents are not required to be provided while buying these term life insurance plans. Saral Jeevan Bima (Plan No. 859) plan is great for those who want to buy coverage up to Rs.25 lakh.
LIC Bachat Plus
Bachat Plus is a non-linked, participating, individual life insurance savings plan offered by LIC. The premium for this plan can be paid as a lump sum (single premium) or as a limited premium with a premium paying term of 5 years.
lic investment plus
Unit Linked Insurance Plan (ULIP) is a type of insurance that is linked to the performance of the stock market. This means refund will not be guaranteed. It is a combined plan of insurance and investment. Guaranteed amount will be paid on maturity of the plan.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
