Find best lic insurance plan
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In the modern era of running behind money, earning is clearly not enough. Though you earn six digit income and spend comfortably, it isn’t sufficient for future goals and lifestyle. You need to save money, and the best way to save money is to invest them.
LIC (Life Insurance Corporation of India Ltd) is one of the trusted insurance provider companies. LIC offers a wide range of insurance policies depending upon your needs. In accordance with your requirement, you can opt from different policy plans from secure education, medical security, protection to life, etc. Some of the best investment plans in LIC are the LIC Jeevan Arogya plan, LIC Jeevan Bharati, LIC New Child’s Money Back Plan and LIC Jeevan Akshay plan.
A premium named purchase price is payable at one time, which is paid back to you in an annuity. You can choose the annuity options. A joint-life annuity option is available where your spouse will receive the money in your absence.
There are seven annuity options; three of them are joint-life options. The plans differ in the policy term; lifetime, or certain period (the policyholder can opt from 5, 10, 15, 20 years). The joint-life annuity options differ in the amount paid to the spouse.
This plan is the best investment plan in LIC for those who are planning to retire.
LIC Jeevan Akshay plan
Jeevan Akshay plan is the best plan for those who need a regular amount of money for the rest of their lives. Once you're retired, you need a substitute for your income to continue your comfortable life, which Jeevan Akshay would help you.
LIC New Child's Money Back Plan
This plan looks after the education, marriage, and other growing child requirements through survival benefits.
Parents or grandparents of a child aged between 0-12 years can buy the policy.
The scheme offers Survival benefits, Maturity benefits, and Death benefits.
If the insured person survives the plan and ages 18, 20, or 22 coinciding or right after the policy term, 20% of the Basic sum assured would be paid if the scheme is active.
The insured would be paid the sum assured with additional and revisionary bonuses on the plan's maturity.
If the insured demises before the scheme's maturity, the premium amount is paid to the beneficiary.
This plan is an investment and insurance plan at the same time. The policy helps the child with their school fee, assists them with their co-curricular activities, and funds their further education. The scheme supports the insured with their marriage's finances too.
Hospitals have become commercial, and charges are getting expensive. Jeevan Arogya scheme makes your family financially independent for medical emergencies.
There are three types of plans. The first coverage plan is for you and your spouse, where the age limit is 18-65 years. The second plan is for your parents or in-laws; the age limit is from 18 to 75 years. The final plan is for your children; your child must be at least 91 days old and 17 years maximum.
The plan offers you a lump sum amount of money if you're permanently/temporarily disabled or unfortunately expire after an accident. It also supports your family irrespective of the degree of injuries.
The Jeevan arogya plans covers
- Hospital cash benefit
- Major surgery benefit
- Daycare procedure benefit
- Ambulance benefit
- Premium waiver benefit
- Other surgical benefits
Jeevan Arogya investment plan is the LIC's best policy, which gives insurance to yourself and your family. The plan is non-linked health insurance with terms and conditions applied.
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LIC Jeevan Arogya Scheme
Hospitals have become commercial, and charges are getting expensive. Jeevan Arogya scheme makes your family financially independent for medical emergencies.
LIC Jeevan Bharati Scheme
Jeevan Bharati is a unique plan designed for women only. The policy term is from 15-20 years. The cashback money is customizable into an annuity, according to the policyholder.
The insured will receive Sum Assured + Reversionary Bonus + Final Additional Bonus (if any) at the scheme's maturity.
There are three rider benefits provided by the company.
- Accidental benefit rider
- Critical illness benefit rider
- Congenital Disabilities Benefit Rider
Yes. LIC Jeevan Bharati is the LIC's best investment plan for women with high returns.
LIC insurance policies with maximum returns
LIC is the biggest market shareholder of the insurance industry. The general public highly trusts it. That is the reason why you can choose from a large range of insurance policies that will give maximum returns. Here are the four best lic policy for maximum returns that you can pick from.
- LIC Jeevan Bharti-I
What is the eligibility criterion?
The minimum age for entering the policy is 18 years, and the maximum age is 55 years. The maturity age of the policy is 70 years.
What is the tenure of the policy?
The policy term is of 15 years or 20 years. The premium payment term is of 15 years or 50 years.
How are the maturity and survival benefit paid?
In this best LIC policy, the survival benefits of 20% are paid every five years.
- LIC Jeevan Shiromani
This policy is known as the best lic policy for good returns throughout life.
What is the eligibility criterion?
The minimum age to enter the policy is of 18 years, and the maximum age is 55 years. The maturity age is 69 years.
What is the tenure of the policy?
The tenure of the policy is 14 years, 16years, 18 years, and 20 years. The premium paying term is equal to policy tenure minus four years.
- LIC Jeevan Akshay
What is the eligibility criterion?
The minimum age for entering the plan is 30 years, and the maximum age is 85 years.
What is the tenure of the policy?
The tenure of the annuity is as per the chosen annuity plan. There are seven annuity options to pick from. You can buy an annuity for life, an annuity for a certain period, or a joint-life annuity scheme.
What are the minimum and maximum purchase price?
The minimum purchase price for the online buying mode is Rs. 1, 00,000, and for the other mode is Rs. 1, 50,000. Also, there is no upper limit for the purchase price.
- LIC new children money back plan
What are the eligibility criteria?
The entry age into the policy is 0 years to 12 years. The maturity age is 25 years.
What is the tenure of the policy?
The tenure of the policy is up to the age of 25 years. The premium payment term is policy tenure minus five years.