LIC launches a variety of schemes for people of all walks of life. LIC offers plans tailored to the incomes of all segments of society. Investing in these plans offers numerous benefits. Most people in our country consider investing in LIC a reliable option.
Indian citizens strongly believe in saving and investing. To achieve this, they invest their money in various schemes. Some make SIPs in mutual funds, while others invest their money in equity, gold, and silver ETFs. Some buy and sell shares, while others choose the safer path of PPF and FDs. The common denominator in all these investment options is the desire for good returns. Keeping this in mind, the country’s largest insurance company, LIC, has launched two new insurance schemes for the general public. These schemes will be available starting Wednesday, October 15th. Both insurance schemes are targeted at lower-income and middle-class individuals. LIC has designed these schemes to be completely risk-free, making them unaffected by market fluctuations. LIC has named these two new plans LIC Jan Suraksha and LIC Bima Lakshmi. Both schemes are designed to meet different needs. According to LIC, both schemes will benefit lower- and middle-class individuals.
LIC’s two new schemes:
LIC Jan Suraksha
LIC Jan Suraksha is a plan specifically targeted at the lower-income group. Under this plan, people will benefit from low-cost insurance. This plan is non-participating and non-linked, meaning it protects individuals from market fluctuations. This plan has no market link. Due to its low premiums, it can be an excellent plan for the lower-income group.
LIC Bima Lakshmi
The LIC Bima Lakshmi scheme is targeted at the middle-class. It is a life insurance and savings scheme. Like the LIC Jan Suraksha Yojana, it is non-participating and non-linked, meaning it is not linked to the market. Under this scheme, investors will receive life cover and a maturity benefit.