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Investment Plans 594 views June 22, 2021
Want to secure your family’s future along with accumulating wealth for 5 years with an investment plan? Well, life insurance companies offer several insurance-cum-savings short-term and Unit-linked insurance plans with which you can ensure the same.
On this page, we will discuss them with their features and benefits so that you can invest your hard-earned money wisely. Let’s start without any further delay!
Table of Contents
Some of the top investment plans that you can choose for 5 years are SBI Life eShield, LIC New Jeevan Nidhi, SBI Life Smart Wealth Assure, Aegon Life iTerm and LIC Amulya Jeevan II Insurance Plan. Read on to understand the features and benefits of these plans. Let’s start.
SBI Life eShield Insurance Plan can provide financial protection to yourself and your family with multiple benefit structures and rider options. If you are a non-smoker, this plan also rewards you with a lower premium. This pure online term plan provides multiple features like security, flexibility, simplicity, affordability and reliability. Have a look at the key features of this plan mentioned below.
During the policy term, on an unfortunate death or diagnosis of the terminal illness, the policy will provide a sum assured on death. The sum assured amount will be the highest of the following amounts.
LIC New Jeevan Nidhi Plan offers a unique combination of protection and savings over a period. With a single premium payment, individuals can choose a deferment period as low as five years up to 35 years according to your convenience. We are showing some features and benefits of this plan below. Do check!
To have information about the death benefits provided by LIC New Jeevan Nidhi Plan, check the below table.
Conditions | Death Benefit |
---|---|
If the death happens during the first five policy years | Basic sum assured along with the accumulated guaranteed addition (as a lump sum or in the form of an annuity or part in a lump sum and remaining as the annuity) |
If the death happens after the first five policy years | Basic sum assured along with the accumulated guaranteed addition, simple reversionary bonus and final additional bonus (as a lump sum or in the form of an annuity or part in a lump sum and remaining as annuity) |
Smart Wealth Assure Plan from SBI Life remains one of the best investment plans for 5 years. The reason being it provides the option of partial withdrawal from the 6th policy year. This plan from SBI Life is a unit-linked non-participating life insurance product that offers financial security to your family. Check out its key features mentioned below.
Aegon Life iTerm Insurance Plan is a non-linked non-participating life insurance plan from Aegon Life that ensures financial protection to your family in your absence. One of the best features of this plan is that it provides flexibility to increase the life coverage amount at important milestones of your life (on payment of the additional premium).
Please check the highlights of this plan mentioned below.
LIC Amulya Jeevan II Plan could help protect your family if you are not around to ensure the same. Do check the key features of this mentioned below.