Life Insurance is crucial in today’s time. Uncertainties don’t come with warnings or prior information. Disease, accidents, etc. are so prone these days, that LIC is fundamental for every family. Therefore, we have brought you the list of the 8 best Life Insurance plans that you might consider while taking insurance for yourself as well as your family.
Best LIC Plans
Here’s the list of 8 best LIC plans:
LIC Jeevan Amar Plan
This is a pure protection plan that offers high coverage at an affordable premium. It is a non-linked, non-participating plan that provides financial security to the policyholder’s family in case of their unfortunate demise.
LIC New Jeevan Anand Plan
This is a traditional endowment plan that offers protection and savings. It is a participating, non-linked plan that provides a death benefit, maturity benefit, and bonuses. The plan also offers the option to extend coverage after the policy term.
LIC Jeevan Labh Plan
This is a limited premium payment plan that offers a lump sum payout on maturity along with bonuses. It is a non-linked, participating plan that provides financial protection to the policyholder’s family in case of their unfortunate demise.
LIC Jeevan Umang Plan
This is a whole life plan that offers regular payouts after the premium payment term, along with a lump sum payout on maturity. It is a non-linked, participating plan that provides lifelong coverage and financial security to the policyholder’s family.
LIC Single Premium Endowment Plan
This is a single premium payment plan that offers a combination of protection and savings. It is a non-linked, participating plan that provides a death benefit, maturity benefit, and bonuses.
LIC Money Back Plan 25 Years
This is a traditional money-back plan that offers regular payouts during the policy term, along with a lump sum payout on maturity. It is a non-linked, participating plan that provides financial protection and savings benefits.
LIC Jeevan Shanti Plan
This is an immediate annuity plan that offers a guaranteed income for life with various payout options. It is a non-linked plan that provides financial security to the policyholder in their retirement years.
LIC Aadhaar Stambh Plan
This is a limited premium payment plan that is exclusively designed for males lives who hold an Aadhaar card. It is a non-linked, non-participating plan that offers protection and savings benefits to the policyholder.
Conclusion
While choosing the LIC plan, make sure you understand the details of different LIC plans from the LIC agent or study yourself. Compare the various plans that suit you and take the best you may want to.
