Top 7 LIC Plan of 2020
Life Insurance Corporation (LIC) of India has variety of plans like endowment plan, term plan, children’s plan, money back plan, single premium plan, Unit linked Insurance plan (ULIP), pension plans, health plans. A plan or combination of plans can be purchased to serve specific purpose of an individual.
Top 7 LIC plans of 2020 according to following requirements have been listed. In case of further assistance on finding most suitable plan, please contact us.
- Saving and Investment
- Child Education & Marriage
- Life cover for unforeseen conditions
- Pension fund generation
- Pension planning
- Tax savings
1. New Endowment plan (914)
New Endowment plan is basic and classic plan of LIC of India which is most simple and easy to understand. Declared bonuses under this plan is available for more than 20 years which gives great confidence to invest in this plan. This plan is suitable for saving & insurance and generating a pension corpus (fund) on very low premium. Know more and calculate Benefits.
2. LIC Tech Term Plan (854)
LIC Tech Term plan is a must have term insurance plan is available for online purchase only. It available for 18-65 years’ age group for life cover for up to 40 years. The premium of this plan is very competitive with private insurance companies as a 25 years aged person can take 1 Crore term insurance in just Rs. 7216 yearly for 30 years. Know more and calculate premium.
3. LIC New Jeevan Anand (915)
Jeevan Anand is one of the most sold plans of LIC available for 18-50 years’ age group and famous for its life cover after maturity without payment of any premium. This plan is suitable for saving and investment, pension fund generation and tax saving. Know more and calculate benefits.
4. LIC Jeevan Lakshay (933)
Jeevan Lakshay plan is available for 18-50 years’ age group which is considered as the most suitable for securing guaranteed yearly income to family members in case of death of the family’s bread earner. Term rider with Jeevan Lakshay makes it more complete as it gives rider sum assured amount immediately after the death apart from 10% of basic sum assured per year after death of the basic plan. This plan is named by insurance advisor as kanyadan policy because it assures a good sum as planned in case of presence or absence of the policyholder. Know more and calculate benefits.
5. LIC Jeevan Labh (936)
Jeevan Labh policy is liked by the most of the policyholders because of its limited premium payment feature, for example, for a 25 years plan premiums are required to be paid for just 16 years. This plan can be suitable for basic insurance and saving, pension fund generation and tax saving. Know more and calculate benefits.
6. LIC Jeevan Umang (945)
LIC Jeevan umang is whole life insurance policy which is available for 0-55 years’ age group with 15, 20, 25 and 30 years premium paying term. After completion of premium paying term, policy holder receives 8% of Basic Sum Assured every year as long as he survives. This plan becomes useful planning retirement. Know more and calculate benefits.
7. LIC Jeevan Shanti Pension Plan (850)
Jeevan shanti is deferred annuity (pension) plan which is available for 30-85 years’ age group with 1-20 years deferment period option. In this plan, a policyholder deposits single premium and start receiving guaranteed pension for lifetime. The policy is available for single as well as joint life. Know more and calculate Pension.
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