LIFE INSURANCE CORPORATION (LIC) TOP 3 PLANS

Introduction-Founded in 1956, LIC Life Insurance Corporation of India is the only public sector insurance company that provides a wide range of life insurance products. The company works with a customer centric approach and offers a range of comprehensive life insurance products like protection plan, child plan, saving plan, term plan, retirement plan, endowment plan, ULIP plan, etc. To meet the needs of the customers some of the top plans offered by the LIC Life Insurance Company are:

LIC JEEVAN ANAND POLICY-

• This is a non-linked participating policy.

• It offers a dual benefit of saving and protection combined at the same time.

• Under this plan, the insurance holder can avail the benefits of both death as well as maturity benefits.

• LIC New Jeevan Anand Policy also protects the financial liquidity of the insured by providing a loan facility.

LIC JEEVAN SARAL POLICY-

• LIC Jeevan Saral Plan is an endowment plan.

• It offers the death benefit coverage to the beneficiary of the policy in the event of the death of the policyholder

• The plan also provides maturity benefit in case the insured survives during the entire tenure of the policy.

• This policy is designed in a comprehensive way to fulfill the requirements of the customer.

• This is a conventional plan with the limited premium paying option.

• The plan is classified as With- Profit Endowment Assurance plan and is mainly beneficial for minors.

• The plan offers annual income to fulfill the requirement of the family.

• In the case of uncertain demise of the policy holder during the tenure of the policy, a sum assured amount is paid to the children.

LIC JEEVAN LAKSHYA-

These plans offered by LIC are some of the most beneficial and advantageous plans that are designed in a highly customized way to satisfy the needs of the customer.

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