LIC Policy: India’s largest life insurance company, Life Insurance Corporation of India (LIC), has always been providing safe and reliable schemes to investors. Especially for the salary class, LIC has introduced such policies in which there is no effect of market movement, and a guaranteed amount is received on time. The biggest feature of these policies is that they provide long-term coverage, and in some schemes, the security remains for 100 years.
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LIC Jeevan Shiromani Policy
This scheme has been designed keeping in mind the people of the high-income group. In this, a monthly premium of about Rs 94,000 has to be paid on a sum assured of Rs 1 crore. Its special feature is that the premium has to be deposited only for 4 years, while the coverage is available for a long period. In this policy, the policyholder keeps getting 30% to 45% of the amount in between, and the remaining amount is given on maturity. People between the ages of 18 to 55 years can take it.
LIC Jeevan Anand Policy
This scheme is known for giving big returns at a low premium. A fund of about Rs 25 lakh can be created by investing Rs 45 daily. The monthly premium comes to around Rs 1,358. If this policy runs for at least 15 years, then the benefit of the bonus is also available. It is better for those who want to create a big fund with small investments.
LIC Jeevan Azad Policy
This policy has been popular since its launch. Investment can be made in it for a period of 15 to 20 years. The minimum sum assured is Rs 2 lakh, and the maximum is Rs 5 lakh. People from 90 days to 50 years old can invest in it. On completion of the policy period, the entire amount is given in a lump sum. The special thing is that it can also be taken in the name of children.
LIC Jeevan Umang Policy
This is a Whole Life plan which provides both protection and annual income. The policyholder receives 8% of the sum assured as income every year after the completion of the premium period. The coverage is available for 100 years, and a lump sum payment is made on death or maturity. This plan is available for people aged 3 to 55 years, and the minimum sum assured is Rs 2 lakh.
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Expert Opinion
Insurance experts believe that these plans of LIC are a strong option for long-term protection and stable returns for the salary class investors. By choosing the right plan, people can make their future financially secure and can also provide better financial security to their families.