LIC saving plans: Life Insurance Corporation of India is one of the most reputable and trustworthy insurance providers in India (LIC). Given the abundance of possibilities, it could be difficult to choose the best one for you. To help you make an informed decision, we’ve chosen the top 5 LIC plans in India for 2023.
Pure term insurance is covered by the LIC Jeevan Amar policy for a predetermined period of time. For those who desire a low-cost insurance alternative with a high sum assured, it is ideal. The age of enrollment for this plan is between 18 and 65, and the insurance term can range from 10 to 40 years. The value promised under this plan is variable, ranging from Rs. 25 lakhs to no maximum, and the maturity age is 80 years.
Another pure term insurance plan that provides coverage for a predetermined period of time is the LIC Tech Term Plan. It is the greatest option for individuals looking for a low-cost insurance plan with a big sum assured. The policy term for this plan can range from 10 to 40 years, and the enrollment age is 18 to 65. This plan offers a maximum sum assured of Rs. 50 lakhs with no upper limit and a maturity age of 80 years. (LIC saving plans)
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Children’s Money-back Plan: This is a typical money-back child plan that provides youngsters with financial security. It is ideal for parents who want to secure the future of their children. The age of admission is between 0 and 12 years, and the policy term for this plan can range from 25 years to the age of entry. The maturity age for this plan is 25 years, and the amount assured can range from Rs. 1 lakh to an unlimited amount.
LIC New Jeevan Anand: This endowment plan provides both chances for savings and insurance protection. It is ideal for those who want to secure their future while also saving money for the future. The insurance term for this plan can range from 15 to 35 years, and the entrance age is between 18 and 50. The maturity age for this plan is 75 years old, and the amount assured might range from Rs. 1 lakh to an unlimited amount.
LIC Jeevan Umang: The insured person is protected for the remainder of their life by this full life plus endowment plan. It is ideal for those who want savings-oriented life insurance. The age of admission spans from 90 days to 55 years, and the policy term for this plan can be anywhere from 100 years to the age of entry. The value promised under this plan may range in amount from Rs. 2 lakh to infinity, and the plan has a 100-year maturity period.
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