Best LIC Policies For Investment In 2024

Best LIC Policies For Investment In –The Disaster protection Organization of India was shaped in 1956 as the sole life coverage organization in India. From that point forward, till the year 2000, the organization has partaken in a syndication position in the disaster protection portion and has made a client base of in excess of 250 million people. Each individual has an inborn confidence in LIC’s image name which has brought about the organization having the biggest piece of the pie in the extra security business.

LIC offers a scope of life coverage strategies that assistance in satisfying the changed protection needs of people. Among the different LIC plans gave by the organization, there are a few plans which are the top rated plans as they have the most exhaustive inclusion benefits. However, before we jump into the best LIC strategy to purchase, we should initially comprehend the various sorts of LIC plans that are accessible.

WhatsApp Channel Join Button

Best LIC Policies For Investment In 2024

LIC strategies give a one-stop answer for all the protection prerequisites of a purchaser. Disaster protection Partnership of India (LIC) offers a broad scope of protection items that take special care of different necessities of the protection purchaser. According to the policyholder’s necessities and decision, the policyholder can choose from the changed LIC plans that reach from unadulterated insurance to entire life, enrichment, and cash back plan. The absolute best plans which offer extensive inclusion are LIC Tech Term Plan, LIC New Jeevan Anand, LIC Jeevan Umang, LIC Jeevan Shanti, LIC Cash Back 25 Years, and LIC Jeevan Amar.

An extra security strategy is an understanding or an agreement between a protection firm and the policyholder. The protection firm guarantees to give monetary inclusion under which it certifications to pay a singular amount measure of assets to the designated recipient in the lamentable occasion of the policyholder’s downfall during the term of extra security plans. In return, the policyholder consents to pay a predefined measure of assets as a premium as a solitary premium or consistently.

WhatsApp Channel Join Button

Best LIC Policies For Investment

Best LIC Policies For Investment In 2024 Overview

Name Of ArticleBest LIC Policies For Investment In 2024
Best LIC Policies For Investment In 2024Click Here
CategoryInsurance
Official WebsiteClick Also

Best LIC Policies For Investment In 2024

Growth strategies like gift plans, approaches and unit-connected plans of LIC are extra security designs that offer numerous roads to save and construct a monetary corpus for future. There are growth strategies that suit each kind of financial backer beginning from moderate to forceful financial backers. The principal thought of financial planning through LIC growth strategies are the advantage or abundance creation that show up with thorough protection inclusion. We should investigate the absolute best money growth strategies of LIC.

LIC Jeevan Labh Plan

LIC Jeevan Labh is a restricted top notch, partaking and non-connected blessing plan that offers the double advantage of protection and venture. Following are a portion of the critical elements and appealing advantages presented by LIC Jeevan Labh.

Features and Benefits of LIC Jeevan Labh

  • As the strategy is a partaking plan, policyholders are qualified for get vested straightforward reversionary rewards (pronounced in light of organization’s presentation consistently) at the hour of development or on death. The arrangement may likewise pay last rewards
  • On the passing of the policyholder during the strategy term, the approach pays a demise advantage to the candidate. The demise benefit payable will be the total guaranteed on death + vested basic reversionary rewards + last rewards if any. Wherein, the total guaranteed on death.
  • Assuming the policyholder endures the whole approach term, development advantage will be paid toward the end. Development benefit payable will be fundamental aggregate guaranteed + vested basic reversionary rewards + last rewards, if any
  • To improve the inclusion, extra discretionary riders are offered – LIC’s new term confirmation rider, LIC’s incidental passing and inability benefit rider
    The arrangement offers liquidity through a credit office

Eligibility Criteria and Other Conditions – LIC Jeevan Labh

Entry age8 years to 50-59 years
Basic sum assuredINR. 2,00,000 to no limits
Maximum maturity age75 years
Policy term/premium payment term(16 years/10 years), (21 years/15 years) and (25 years/16 years)
Premium payment modeYearly/half-yearly/quarterly/monthly

LIC New Endowment Plan

LIC new endowment plan is a plan with a combination of protection+ savings. It is a non-linked participating plan that offers various amazing benefits and features.

Features and benefits of LIC New Endowment plan

  • On the demise of the policyholder during the strategy term, the arrangement pays a passing advantage to the candidate. The passing advantage payable will be the aggregate guaranteed on death + vested straightforward reversionary rewards + last rewards if any. Wherein, the aggregate guaranteed on death is higher of the accompanying:
  • 10X annualized premium
  • Essential aggregate guaranteed
  • 105% of complete premium paid till death
  • Assuming the policyholder endures the whole arrangement term, development advantage will be paid toward the end. Development benefit payable will be the fundamental total guaranteed + vested basic reversionary rewards + last rewards, if any
  • The arrangement offers extra discretionary rider – LIC’s unintentional passing and inability benefit rider
  • The arrangement meets the liquidity needs through a credit office

Eligibility Criteria and Other Terms – LIC New Endowment Plan

Entry age8 years to 55 years
Basic sum assuredINR.1,00,000 to no limit
Maximum maturity age75 years
Policy term12 years to 35 years
Premium payment modeYearly/half-yearly/quarterly/monthly

LIC New Jeevan Anand Plan

LIC New Jeevan Anand is an entire life, taking part and non-connected enrichment plan that offers the advantage of deep rooted security and investment funds. The arrangement gives the endanger cover over the course of life even after approach development with many astonishing elements and advantages.

Features and Benefits of LIC New Jeevan Anand

  • On the passing of the policyholder during the strategy term, the strategy pays a demise advantage to the chosen one. The advantage payable will be the aggregate guaranteed on death + vested basic reversionary rewards + last rewards if any. Wherein, the aggregate guaranteed on death is higher of the accompanying:
  • 125% of Fundamental total guaranteed
  • 10X annualized premium
  • 105% of absolute premium paid till death
  • Assuming the policyholder endures the whole approach term, development advantage will be paid toward the end. Development benefit payable will be fundamental aggregate guaranteed + vested straightforward reversionary rewards + last rewards, if any
  • At the point when the policyholder passes on after the strategy development, fundamental aggregate guaranteed is paid as a demise advantage to the candidate
    The strategy offers a credit office to assist protected with meeting liquidity necessity
  • LIC’s inadvertent demise and handicap benefit rider is accessible as a discretionary extra

Eligibility Conditions and Other Terms –LIC New Jeevan Anand

Entry age8 years to 50 years
Basic sum assuredINR.1,00,000 to no limit
Maximum maturity age75 years
Policy term15 years to 35 years
Premium payment modeYearly/half-yearly/quarterly/monthly

LIC Jeevan Lakshya Plan

LIC Jeevan Lakshya is a conventional LIC money growth strategy that gives the advantage of protection cum speculation alongside yearly pay benefit for the group of guaranteed in an unexpected occasion. The arrangement accompanies various advantages and significant highlights.

Features and Benefits of LIC Jeevan Lakshya

  • On the off chance that the protected kicks the bucket during the arrangement term, demise benefits are paid in the accompanying ways:
  • Yearly passing advantage identical to 10% of fundamental aggregate guaranteed which will be payable from the arrangement commemoration concurring with the date of death till the approach commemoration preceding date of development
  • A guaranteed outright sum equivalent to every available ounce of effort of fundamental aggregate guaranteed + vested basic reversionary rewards + last rewards in the event that any will be payable on development
  • All the in-force strategies will keep on partaking in the benefit of the organization even after the protected bites the dust till the date of development
  • In the event that the safeguarded endures the strategy term, development benefit equivalent to the fundamental aggregate guaranteed + vested basic reversionary rewards + last extra rewards, assuming any will be paid
  • The strategy offers discretionary extra advantages – LIC’s coincidental passing and inability benefit rider and LIC’s new term confirmation rider
    Advance office choice given by the arrangement assists with addressing liquidity needs

Eligibility Criteria and Other terms of LIC Jeevan Lakshya

Entry age18 years to 50 years
Basic sum assuredINR.1,00,000 to no limit
Maximum maturity age65 years
Policy term13 years to 25 years
Premium payment modeYearly/half-yearly/quarterly/monthly

LIC Jeevan Umang Plan

LIC Jeevan Umang is one the LIC investment plan that provides whole life risk cover along with savings for long-term. The policy comes with various attractive features and amazing benefits.

Features and Benefits of LIC Jeevan Umang

  • On the off chance that the guaranteed passes on during the strategy term, aggregate guaranteed on death + vested straightforward reversionary rewards + last extra rewards assuming any will be payable to the candidate. Where the total guaranteed on death is the most noteworthy.
  • The strategy gives endurance benefits beginning from the end date of the top notch installment term. 8% of fundamental aggregate guaranteed will be paid till the demise of protected or till the approach commemoration preceding the date of development, whichever is prior
  • On the date of development, fundamental aggregate guaranteed + vested straightforward reversionary rewards + last extra rewards, assuming any will be paid to the policyholder
  • The strategy offers different extra discretionary advantages – LIC’s mishap benefit rider, LIC’s incidental demise and inability benefit rider, LIC’s new term affirmation rider and LIC’s new basic ailment benefit rider
  • The credit can be profited against the arrangement.

Eligibility Criteria and Other Terms – LIC Jeevan Umang Plan

Entry age90 days to 55 years
Maximum maturity age100 years
Policy term(100- the age at entry) years
Premium paying term15,20,25 and 30 years
Basic sum assuredINR. 2,00,000 to no limits
Premium payment modeYearly/half-yearly/quarterly/monthly

How To Apply LIC investment plans 2024 Online?

LIC growth strategies can be bought by signing in to LIC site. Here is a basic cycle to follow:

  • Fill in the web-based application
  • Fill in every one of the expected subtleties, for example, name, contact number, address, email ID, pay subtleties, and pick venture type.
    Consent to the agreements
  • Click on submit button and complete the course of online application

Related Posts-

Term Insurance For Senior Citizens

LIC Bhagya Lakshmi Plan

LIC Bima Shree Plan

WhatsApp Channel Join Button

Leave a Comment