Lic investment plan

LIC investment plan

LIC (Life Insurance corporation) LIC is the most trusted corporation when it comes

to life insurance. It is one of the biggest in the life insurance

industry in India and also one among the oldest.  LIC offers a great variety of plans that are tailored

suited for every kind of needs that you may want and in a such a way that you make sure your beloved ones are safe and secured even when you are no more with them.

LIC investment plan

Endowment Policy

LIC Jeevan Ankur

LIC Jeevan Saral

LIC Jeevan Anand

LIC Jeevan

Sangam

Endowment Policy LIC Jeevan Ankur LIC Jeevan Saral LIC Jeevan Anand LIC Jeevan Sangam

LIC investment plans

Endowment Policy One among the oldest plans and a very beneficial one. This policy not only makes necessities for the members of the

family, in case of the policy holder’s death, but also assures a good amount at the desired age of the policy holder.

This amount could either be reinvested or even used in other manners that the holder wishes to do.

The main attractive features of this policy is that it has only moderate premiums, high liquidity, high bonus, double accident benefit and is also a savings oriented plan.

Endowment Policy The minimum duration of the plan is for five

years and the minimum sum assured is about 50,000 INR.

On maturity, if all premiums are paid regularly, then amount of sum assured plus bonus is received. In case of death benefits, assured sum amount plus bonus till the death year is obtainable.

This plan is suitable for all age groups and to those who wish to protect their families in case of any financial crises that might occur during their absence.

LIC Jeevan Ankur This is one of the latest polices of LIC which enables every

parent to take well care of the financial requirements of their children.

The premiums are paid for a minimum of 8 years, depending on the age of the child.

One major advantage of the plan is that, even if you are an NRI, you could invest for your child’s future.

This policy gets beneficial as it takes care of the entire educative period of the child and makes sure that the best is acquired, even in case of your absence.

LIC Jeevan Saral This is also an endorsement plan wherein financial

protection is provided to the nominees even if death occurs to the insured throughout the plan.

The insurer has to just choose the plan and amount in this policy and the rest is assured.

The death benefit is directly related to the paid premiums. There is a lot on the flexibility of the term and the liquidity.

LIC Jeevan Saral The total amount on maturity with bonus is

paid in lump sum. The death benefits include loyalty additions

along with 250 times the monthly premium amount.

LIC Jeevan Anand This plan is a combination of Whole Life plans and

Endorsement plans. Financial protection against death is assured and if

survived, after the term the entire amount is paid in lump sum.

The minimum sum assured is 1, 00,000 INR and the minimum term is for about 5 years.

The amount would be paid in lump sum along with bonuses in case of survival and in case of death; the sum assured with vested bonuses would be paid.

LIC Jeevan Anand All investments with LIC are tax exempted

and therefore could be claimed. Having an insurance policy is definitely an

added advantage and each one of us should be in possession of at least one reliable policy for not only our benefits, but for our beloved ones too, in case of our absence.

LIC Jeevan Sangam LIC Jeevan Sangam is a new Endowment plan

from Life Insurance Corporation of India (LIC). LIC is launched this policy on 4th March, 2015. LIC’s Jeevan Sangam is a participating, non-

linked, savings cum protection and single premium plan.

The risk cover in Jeevan Sangam is a multiple of single premium.

LIC Jeevan Sangam This new plan is available for sale for a

limited period of time i.e., 90 days from the date of launch In this plan, the proposer can choose the Maturity Sum Assured (MSA).

The single premium amount is based on the chosen MSA and the age of the life insured.

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