The Best LIC Policy
High Returns | High Insurance coverage | Flexibility | Guaranteed Addition | Pension | Short term
LIC policies are designed to provide best features to the policyholders. Every individual has different requirement, based on their requirements different policies can be best for him. LIC offers a wide range of life insurance products, each designed for different purposes, Some of the best plans and their key features are as follows:
LIC Term Insurance Plans: If your primary goal is to provide financial protection to your family in case of your untimely demise, term insurance plans are a good choice. These plans provide a high life cover at a relatively low premium.
Two popular plans are:
- LIC Jeevan Amar
- LIC Jeevan Kiran
LIC Endowment Plans: If you want both insurance coverage and savings, LIC’s endowment plans can be considered. These plans provide a lump-sum payout at maturity or on the insured’s death. Popular options include
- New Endowment Plan
- Jeevan Lakshya
- Jeevan Labh
- New Jeevan Anand
- Jeevan Umang
LIC Whole Life Insurance Plans: These policies provide coverage for your entire life, making them suitable for long-term financial planning and legacy creation.
- New Jeevan Anand
- Jeevan Umang
LIC ULIPs (Unit Linked Insurance Plans): If you want to invest in the stock market while also having insurance coverage, ULIPs are an option.
- LIC’s New Endowment Plus
- Nivesh Plus
- LIC’s SIIP
LIC Pension Plans: These plans are designed to provide a regular income post-retirement. The most well-known plans are:
- Jeevan Umang
- Jeevan Akshya 7
- Jeevan Shanti
LIC Child Plans: If your goal is to secure your child’s future, LIC offers child insurance plans like
- the New Children’s Money Back Plan.
- LIC Jeevan Tarun
- Jeevan Lakshya
- Jeevan Umang
Choosing the best LIC policy involves considering your financial objectives, risk tolerance, and budget. It’s also a good idea to consult with us to help you assess your needs and recommend the most appropriate LIC policy based on your circumstances.
Why one should buy LIC Policies?
LIC is a the best life insurance company in India, and its policies have best features, highest bonus rates, best death claim ratio, It is no.1 trusted brand in India for many years. Its traditional policies are backed by the sovereign guarantee of the Central government. LIC’s Sovereign Guarantee enhance financial stability and trust in LIC Policies.
What is “sovereign guarantee” of LIC?
A sovereign guarantee is a promise or assurance provided by a central government, to back the financial obligations or liabilities of a government-owned entity or a state-owned enterprise. In the context of LIC, it means that the Indian government stands behind LIC to fulfill its financial obligations. That in case of any bankruptcy, Central govt will be responsible for the people’s money. LIC of India is the safest financial institution in India even more safer than your bank.
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