LIC Policy Features:
Insurance plans are very important today, not only because they help with investing the right amount, but they also help in saving money for the future. There are several of the best LIC insurance plans to choose from, which differ in features and factors. You can simply choose based on needs, the amount that can be spent and how much you are expecting at the maturity. Some of the most famous plans are as follows:
LIC’s Jeevan Bharathi-I
This plan is specially designed for women as it is a simple term plan for 15 or 20 years with survival benefits. Also, in this plan, the payout can be turned into an annuity plan for the rest of their life. The survival benefits are paid in a gap of 5 years and are 20% of the sum assured. Thus, it can be said that this is the best LIC policy for women.
LIC’s Jeevan Akshay
If you are in search of an annuity plan in which there are regular payments, then Jeevan Akshay is the plan to choose. You will be paying the premium at once and will then get annuity throughout the plan term. In this LIC best policy plan, the minimum age to get the plan is 30 years old and the maximum is 85 years old. Seven different options can be chosen from regarding the annuity payments.
LIC’s Jeevan Shiromani
For the high net-worth individuals, this plan is created to keep their family safe from any kind of financial disturbance and is also one of the best LIC policies for investment. You will get death maturity, survival benefits and maturity benefits on this plan. And in addition to this, the assured will also get critical illness benefits after a diagnosis.
LIC’s New Children Money Back Plan
This plan is specifically designed to assure the future of a child by securing their education, marriage, etc. This plan is also regarded as the best LIC policy with high returns. The plans will mature only after the assured reaches the age of 25 years. The minimum age to enter the policy is 0 to 12 years. You will also get death benefits, survival benefits at the age of 18, 20 and 22, and finally, maturity benefits.
Some of the most famous plans are as follows: