You can’t ignore the importance of Life insurane in our lives because these plans enable you to live a healthy and secure life. The LIC plans are there so that you can have economic protection and stability in your life. You just need to imagine what your loved ones will do if you won’t be with them at some point of time and then you can easily understand the importance of LIC plans. We at, Verified Policy are providing the top LIC investment plans which will be highly beneficial to you and your family.
Best LIC Plans in India 2018
|LIC Plans||Plan type||Entry Age||Policy term||Maximum Maturity Age||Sum Assured|
|Jeevan Pragati Plan||Non-linked plan||12 to 45 years||12 to 20 years||65 years||Rs.1,50,000- No limit|
|LIC New Children’s Money Back Plan||Traditional Money Back Plan||0 to 12 years||25 to entry age||25 years||Rs. 1,00,000/-|
|LIC Jeevan Saral||Endowment Plan||12-60 years||10-35 years||70 years||250 times monthly premium|
|LIC Jeevan Anand||Traditional Endowment plan||18-50 years||15-35 years||75 years||Rs.1,00,000|
|LIC e-term Plan||Pure term Plan||18-60 years||10-35 years||30-85 years||Rs. 7190 annually|
|LIC JeevanAkshay||Immediate Annuity Pension Plan||30-85 years||N/A||N/A||Rs. 25,00,000|
|LIC Jeevan Rakshak||Participating Endowment Plan||8-55 years||10-20 years||70 years||Rs. 75,000 to 2,00,000|
- LIC Jeevan Pragati Plan
You can invest in this plan if you want extra benefits and savings along with the financial protection. In this plan, one can also get the loan facility and this plan also takes care of the immediate requirements of the policyholders. In this policy, the risk cover is increased in every five years and the policyholder is entitled to the Accidental Death and disability benefits if any. No extra amount if charged under the policy of rider premium and the premium are exempted from taxes.
- LIC New Children Money Back Plan
This plan is specially made for the future survival requirements of the children like education, marriage, and other basic needs. The premium can be paid at regular intervals per year, half a year, quarter a year or every month. The risk cover on the life of a child is also provided under this plan and therefore, you can choose to get this plan for your children so that you can provide them full financial security in the future.
- LIC Jeevan Saral
If you want to get a health policy, then you can get the Jeevan Saral Policy which comes under the special plans of LIC. All the types of flexibilities people get in the Unit-linked insurance plans are provided to the holder of this policy. In this plan, one can be able to get the double death benefit of the assured sum and also the amount of premium is returned along with it.
- LIC Jeevan Anand
This is Jeevan Anand Plan is a kind of the non-linked plan which provides a number of protection and saving options. According to the research, this policy is considered to be the sold more than any other policy. This policy includes the coverage of risk coverage not only for some particular period of time but one also gets the benefit of this policy even after the maturity of a lifetime. In case of double death survival, you will be able to get the double death benefit and this plan provides best financial protection against the death of the policyholder.
- LIC e-term Plan
This plan provides the financial protection to the family of the policyholder in case of any misfortune. It is a kind of regular premium and non-participating One can get this policy with the help of online process only and there is no need for any agents while getting this policy. Under this policy, the policyholder will need to pay an agreed amount of money for the risk of his/her death during the policy term. If the person who has got the insurance doesn’t die until the end of the policy term, then no one will be paid anything.
- LIC Jeevan Akshay
This is an immediate annuity plan and single premium plan where you will need to pay for one single time only and then you will be able o enjoy your whole;e life. This policy is tax-free and that’s why no tax is exempted when you will decide to get this policy. In this policy, you won’t need to give any medical examination but no maturity benefits are available in this plan. The pension is paid with an increasing rate of 3% personal interest to the insurer until he is alive.
- LIC Jeevan Rakshak
In this plan, if the insurer dies before the policy term, then his family members will get the higher amount than the basic sum assured and is equal to the ten times of the annual premium. If the policyholder is survived, then the basic sum assured will be added along with the bonus which will be paid but all the premiums should have been paid by all of the policyholders.
When you will want to get an insurance plan from the plans given above, then you will need to get the medical checkup before getting any policy. In some policies, there are different premium rates for the smoker and non-smoker people. Now, you can decide to get the insurance plan which you think will be best for you and your family.