Indians are always looking for investment options that offer safe and high returns. Some run SIPs in mutual funds, while others trade in the stock market. Many invest in gold and silver ETFs, while a large number of citizens prefer safer options like PPF and fixed deposits. All these investment avenues have a common goal: to achieve good returns and financial security in the future. Keeping this need in mind, LIC, the country’s largest insurance company, has launched two new schemes for the general public, which will be implemented from Wednesday, October 15th.
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These two schemes have been specifically designed for lower-income and middle-class families. LIC claims that these schemes are completely safe and are not affected by market fluctuations. Therefore, investors can ensure long-term security and profits without any risk.
What are LIC’s new plans?
LIC has launched two new plans, named LIC Jan Suraksha and LIC Bima Lakshmi. Both plans have different objectives to meet the needs of people from different income groups. According to the company, these schemes are specifically designed for those who need life protection and secure investments at low premiums.
LIC Jan Suraksha Plan
LIC Jan Suraksha Plan is designed with the lower-income group in mind. It is a low-premium insurance plan that offers life cover at a very low cost. This plan falls under the non-linked and non-participating category. This means it has no market linkage and does not include bonuses or profit sharing. This plan may be suitable for those who want to provide financial security to their families at a low cost.
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LIC Bima Lakshmi Plan
LIC Bima Lakshmi Plan is primarily designed with middle-class families in mind. This is a savings-based life insurance plan that offers life cover as well as a lump sum payment at maturity. Like the Jan Suraksha Yojana, it is non-linked and non-participating, ensuring investors are fully protected from market fluctuations. This could be a good option for those seeking a secure investment and a guaranteed future return.