LIC policy is a life benefit. If you want to earn more returns by investing money, then this policy can prove to be effective. The returns of this policy are quite good. It is also advised to take this policy along with term and accidental death rider.
Many policies of LIC are present in the market, but do you know which policy is better in it and who should take it. There are 5 policies of LIC, by which you can get good returns. Insurance is also beneficial. That is, if you want to take advantage of life insurance and accident insurance along with returns, then you can buy these policies of LIC.
Right now there are about 30 plans of LIC in the market, but people do not know which will be better in it and whether it is worth investing in it or not. Almost all the plans of LIC are special in themselves, but they also have some special ones. You just have to see how suitable it is according to your needs. It is said about the plan that meets your needs, that plan should be considered the best.
Why is it important to take a policy
You should ask yourself two questions before taking a policy. First, for what purpose are you buying the policy. There are many things involved in this – such as the expenses of the child’s education, marriage or further. To achieve the financial goal, to increase your wealth, to plan your retirement, to leave something behind for the family, or you want to gift a life insurance policy to someone special to you. The second question is whether you want a single premium policy or a regular premium policy. That is, you want to pay the premium once or monthly, quarterly, half-yearly or annually.
Gift policy
Talking about 5 top policies of LIC, LIC Jeevan Lakshya policy can be the first place in it. As its name is, so is its work. It is clear from the name that if you have set any goal in life, then you can take this policy to fulfill it. You can take this policy with term riders and accidental death and disability riders.
In this policy, if the insured dies, the premium is waived and money is received on completion of the maturity period. This fulfills your financial goal. After the death of the insured, 10 percent of the sum assured is given to the nominee every year. This policy is also known as Kanyadaan policy. This planning is considered to be the best for the future of children.
Life benefit policy
The second policy is life benefit. If you want to earn more returns by investing money, then this policy can prove to be effective. The returns of this policy are quite good. It is also advised to take this policy along with term and accidental death rider. The name of the next policy is Single Premium Investment Policy. If you want to fulfill the future or your financial goals of the child by depositing the premium once, then you can take this policy. This policy is available at a single premium of only 50 thousand. You can take as many policies as you want above 50 thousand. If one wants to gift a policy to his or her special, then it is considered right for him / her.
Policy Jeevan Anand
The next policy is Jeevan Anand. It is one of the best selling policy of LIC. This is a whole life policy in which maturity is attained at the chosen time and even after that, the coverage of your chosen sum remains. This is the best policy for those who want to get the maturity of their policy, as well as leave something behind. This is a regular premium paying policy.
Jeevan Shanti Policy
There is another better policy called Jeevan Shanti Policy. It is for those who want to get regular income, that is, they want to get pension later. It is a single premium policy which provides fixed income pension. This is a policy of joint life with return of purchase price. That is, as long as you and your spouse stay, they will get pension. After that, your nominee will get the money put by you.
Jeevan Umang Policy
The Jeevan Umang Policy also provides many similar facilities. In this, you have to choose the premium payment term. After that you get 8% of the entire life assured every year. If you live for 100 years, then you get a very large maturity. Before anything happens, the nominee gets a huge relief in the form of death benefit.
