LIC Plan 2025: The Life Insurance Corporation of India (LIC) has rolled out the “Bima Kavach” plan, aimed at the middle and working-class folks. This plan is non-linked and non-participating. Its main goal is to offer financial security to the insured’s family in case of unexpected events down the line. Customers can enjoy higher coverage for a lower premium. You can buy it online from the comfort of your home or offline through an agent.
Choose the sum assured based on your needs
The standout feature of this plan is the sum assured options. Customers can pick between a fixed sum assured or an increasing sum assured, depending on what suits them best. As responsibilities grow over time, the increasing sum assured option is a better fit for your future needs.
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Protection up to 100 years and easy premiums
This LIC plan is perfect for anyone looking for long-term protection. It offers life-long risk coverage until you hit 100 years old. The company also provides flexible premium payment options. You can choose to pay a single premium, regularly, or for a limited period of 5, 10, or 15 years.
Security will grow with life stages
There’s a special option to boost coverage for significant life events, like marriage or having a baby. However, this “Life Stage Event” option is only available for those aged 40 or younger. Plus, this feature only applies to the “Equal Sum Assured” option with regular premiums.
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What are the eligibility criteria?
1. Any Indian citizen can take advantage of this scheme.
2. To qualify for the insurance cover, a person must be in good health, which means a medical checkup is necessary.
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3. Non-smokers will enjoy more benefits at a lower premium.
4. Individuals aged between 18 and 65 can apply for the scheme.
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How to plan and what precautions should be taken?
For more information about this plan, you can visit the LIC website (www.licindia.in) or use its mobile app. You can also contact us on WhatsApp at 8976862090. LIC cautions customers that IRDAI never calls to sell policies or offer bonuses. If you receive such fraudulent calls, report them to the police immediately.
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