Different Types of LIC Policy Plans
LIC policies will assure a financial security for you also your family in any unfortunate events. There many different policy plans in LIC along with these plans also there is available one more plan for you that is Gifts your child bright future plan.
Different types of LIC Policy Plans and its Advantages
Here are the best LIC policies discussed in the article. The following are the Lic Policies you can pick up the best policy among them.
- Endowment Plans
- Money Back Policy
- Term Policy
- Pension Plans
- Health Insurance Plans
1. LIC Endowment Plans
This is the best Endowment Lic policy along with there are different Endowment Lic policies like Lic Jeevan Rakshak, Lic new Jeevan Anand, single premium endowment, Lic Limited premium Endowment, Lic new endowment plan, Lic Jeevan Lakshya plans no 833 including Lic Jeevan Sangam plan no 831 etc…
Lic New Jeevan Anand is the best Lic policy among all. This is a combination of endowment insurance policy along with whole life.
Features of LIC Endowments Plan:
She / he will get a maturity amount if any policyholder survives till the end of the policy.
Nevertheless, the risk policy will be concealed until the death or 100 years of the proposed whichever is possible as early as. All the death benefits will be paid to the nominee in case of policyholder’s death
2. LIC Money Back Policy
There are many Lic money back plans like Money Back plan 20 years, Money Back plan 25 years, Lic Jeevan Shagun policy , new children money back policy, New Bima Bachat policy, etc..
Money Back plan 20 & 25 years are the best among all Lic Money Back plans. Ordinarily, this policy gives money at regular intervals to meet necessary expenses like marriage, education or any other needs.
Features of the best Lic Money Back policy:
For LIC Money Back Policy 20 years:
20% of SA (Sum Assured) will be allocated regularly for every 5, 10, 15 years and 40% balance + accumulated Bonus will be payable at the 20th year.
LIC Money Back Policy 25 years:
15% of SA was allocated with regularly for every 5, 10, 15, 20 years moreover 40% Balance + accumulated Bonus will be payable at the 25th years
3. LIC Terms Policy
There are different LIC Term Policies like LIC Amulya Jeevan 2 Policy, LIC Anmol Jeevan 2 Policy, Lic e-Term Policy 825 etc. “e-Term Policy” is the best Term plan among all.
You can purchase this plan through online together with the features of this policy are as follows.
Features of LIC e-Term Policy:
- It can be operating through online
- Only own life proposal will be considered
- Moreover, this Policy is a pure Term plan
- There are different premium plans for smokers along with Non – smokers.
4. LIC Health Insurance Plan
Consequently, the Best Health Insurance plan is Lic Jeevan Arogya it is newtonz – linked single plan where you can have health cover for yourself, for your spoons, parents, parents – in – laws including children.
Different types of LIC Policy Plans and its Advantages – Features of LIC Jeevan Arogya:
- In this policy provides financial protection in case of any surgery, Hospitalization etc.
- Flexible payment options for premiums
- This Policy has no benefits for claim
- Conversely, health cover has been increasing in every year
- Lump sum benefits irrespective of actual medical costs.
5. LIC Pension Plan
In Various, Lic pension plans are as LIC Jeevan Akshay VI, Varishtha Pension Bima Yojana, as well as Lic New Jeevan Nidhi etc. LIC Jeevan Akshay VI is best Lic policy among all the pension plans.
This plan is Immediate Annuity Plan also this plan can buy by paying the lump sum amount at a time.
Different types of LIC Policy Plans and its Advantages – Features of LIC Jeevan Akshay VI
- Accordingly, the policies will be consisting of 6 pension plans, you need to choose one among 6 there is no chance of altering because pension starts immediately without delay.
- The pension will be provided throughout the lifetime of the pensioner.