TOP 5 PLANS OF LIC INDIA

Life Insurance Corporation of India is a prominent name in India’s insurance industry. LIC offers a wide variety of insurance solutions. Let us discuss some of the best plans offered by the company.

LIC New Jeevan Anand is a non-linked participating endowment plan that offers the dual benefits of savings and protection. It not only promises to pay out the death benefit but also guarantees the lump sum payout of the maturity benefit along with additional bonuses as well.

LIC NEW JEEVAN ANAND

LIC JEEVAN SARALLIC Jeevan Saral Plan is a special type of endowment policy. On the death of the policyholder, the nominee receives the sum assured as well as the guaranteed return of premiums. Besides, the maturity benefit is also payable if the policyholder survives till the end of the policy.

LIC Jeevan Lakshya is a participating non-linked life insurance plan. The plan provides the annual income benefit as well. The plan offers life coverage till the age of 65 years. You can additionally buy Accidental Death & Disability Benefit rider and Term Assurance rider for an enhanced protection.

LIC JEEVAN LAKHYA

LIC Endowment Plan is a non-linked endowment plan that offers guaranteed returns and bonus. As per the eligibility criteria of the plan, the entry age permitted is from 8 years to 55 years. Maximum maturity age is 75 years. Premium rebate is available on the choice of larger sum assured.

LIC NEW ENDOWMENT PLAN

LIC NEW BIMA BACHAT PLAN

LIC Bima Bachat Plan is a single premium money back plan. Throughout the policy tenure, you will receive 15% of the sum assured at the end of every 3 years. The balance amount will be paid out as the maturity benefit at the end of the policy term. In case of the policyholder’s death, the death benefit will be paid out as well.

These five plans take care of the various needs of the policyholder. So, if you want to buy a life insurance plan from a reliable insurance provider with a high claim settlement ratio, these five LIC policies will be the best bet for you.

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