Check out these 5 best LIC policies
Life Insurance Corporation of India (LIC), the country’s largest government insurance company, runs several excellent schemes for its customers. Investment in LIC offers returns along with security. Many plans of this insurance company are very popular, in which a large number of people have invested. Among them, we are telling you five schemes of LIC, by investing in which you can get excellent returns.
- LIC Jeevan Tarun Policy
LIC’s Jeevan Tarun policy is designed with children in mind. This is a non-linked, participating, individual, life insurance savings plan. Parents can take this policy considering their children’s education and other needs. Jeevan Tarun policy provides both security and savings features. Children should be at least 90 days old to take LIC Jeevan Tarun policy. This plan cannot be availed for children above 12 years of age.
- LIC Simple Pension Policy
People between 40 years to 80 years can invest in Simple Pension Scheme. Pension starts only after investing in this scheme of LIC. To take this policy, you have to invest a lump sum. To take LIC’s simple pension policy, you need to buy an annuity of at least Rs 12,000 per annum. In a way, this plan fits with the retirement plan. The amount received from the PF fund and the gratuity received during retirement can be invested in it. If the policyholder dies due to any reason, the investment amount is returned to the nominee.
- LIC Jeevan Anand Policy
LIC’s Jeevan Anand Yojana is like a premium term policy. You can pay the premium as long as your policy is in force. In Jeevan Anand Yojana, the policyholder gets several types of maturity benefits. This policy has a minimum sum assured of one lakh rupees. Along with taking the policy comes four riders. Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider.
- LIC Life Benefit Policy
LIC’s Jeevan Lahb Yojana provides a lump sum after policy maturity. This policy of LIC is a non-linked plan. This is why the life benefit is considered secure. Minimum age for taking LIC Life Benefit policy is 18 years and maximum age is 59 years. If the policyholder dies, it also provides financial support to his family.
- LIC New Pension Plus Policy
LIC has recently launched a scheme called New Pension Plus. This is a non-participatory, unit-linked, individual pension scheme. Regarding this pension scheme, LIC says that through this scheme people can prepare their retirement corpus in a systematic and disciplined manner. In the Pension Plus scheme, the policyholder will get various options. The premium has to be paid throughout the tenure of the scheme. This is a non-participatory, unit-linked, individual pension scheme, due to which investors have to pay a fixed premium based on the sum assured.