LIC is the oldest player in the insurance market in India. It has been serving the people with their insurance needs for a long time. They make insurance plans that seem customized just for your need. These plans ideally help us to deal with our financial burdens in case of emergencies too.
Some of the popular LIC Investment plans are:
LIC New Endowment Plan:
It is a non linked participating plan offering protection and also provides security. The plan has loan benefits, which, when in need of liquid cash, seems beneficial. This plan offers a huge sum at and also before maturity.
LIC New Jeevan Anand Plan:
This is also a non linked participating plan providing protection and security. This plan offers security to the family of the policyholder in case any unprecedented event occurs.
LIC Single Premium Endowment Plan:
It is a limited pay plan, both non linked and participating. It will be helpful during the accidental death of the policyholder. It also pays a huge amount at maturity if the policyholder survives.
LIC Jeevan Lakshya:
A non-linked participating plan which pays the customer on surviving the tenure as well as on death. It helps to boost family savings and offers protection.
LIC Adhaar Shila:
The plan provides death benefits. The company will be liable to pay to the family, even if the policyholder dies within five years of the policy.
LIC Adhaar Stambh:
It is a non linked participating plan that pays to the policy holder’s family in case of the policyholder’s sudden demise. To get the benefits of the plan, the customer must have an adhaar card.
LIC Jeevan Umang Plan:
This lic investment scheme for high returns offers a combination of protection along with income. Yearly benefits are paid before maturity after the premium paying terms, and at maturity, a lumpsum amount is paid.