Quote Form

Our representative will call you within few minutes
Investment Plans 3260 views March 19, 2020
Life Insurance Corporation (LIC) is the oldest and most trusted insurance company in India which cater to various insurance needs of its customers for decades. It is a state owned insurance provider. LIC has grabbed maximum customers in the market through its various insurance products which fulfil the variant needs of every generation.
Table of Contents
LIC offers various insurance products of different categories which include term insurance plans, endowment plans, money-back insurance plans, pension insurance plans, etc. Each category has various insurance plans with unique features and benefits. Let’s discuss the best LIC plans of different categories.
LIC Jeevan Amar plan is a non-linked, non-participating, flexible and pure insurance policy which offers coverage at low amounts of premium. It has been newly launched and is available to be brought offline. The holder of the policy can choose the death benefit from different options offered.
Features of LIC Jeevan Amar Plan
Jeevan Amar plan is a protection oriented term insurance plan. The key features are stated as follows:
New Jeevan Anand offered by LIC is a non-linked endowment insurance policy. The plan offers participation benefits and is a combination of a savings and protection plan. The plan provides financial security to the family of the insured on the death of the insured during the term of the plan and it also offers the provision of one time lump-sum payment on the survival of the policyholder as survival benefit paid at the end of the term of the policy.
Features of LIC New Jeevan Anand
New Endowment Plus offered by LIC is a unit-linked insurance plan and an endowment assurance policy. The plan offers interest cover and investment opportunity to the policyholder but does not have participation benefits. The plan helps to provide stability to the family of the insured in his/her absence and is a good combination of insurance protection as well as savings on the long term.
Features of New Endowment Plus
Money Back Plan is a traditional money back insurance policy. It has a fixed term of 20 years that helps the holder of the policy to create wealth. The plan also offers participation benefits to the policyholder. The plan provides survival benefits at a regular interval during the policy term.
Features of LIC Money Back Plan
Jeevan Shanti Plan offered by LIC is a single premium flexible pension insurance policy. The plan offers the insured to choose either deferred or immediate annuity plan. At the inception of the plan, annuity rates are guaranteed and the policyholder can choose from nine different options.
Features of Jeevan Shanti plan
Conclusion
LIC offers various products to cater to your variant needs and requirements as different people have different needs. If you are looking for pure protection and secure financial future then LIC Jeevan Amar plan is the best LIC policy or you, however, if you want guaranteed money back and survival benefits on regular basis then Money back plan is the best LIC policy for you. Similarly, if you want to plan your retirement and want to receive benefits after your retirement then LIC Shanti pension plan is for you. Hence your best LIC policy is the one that fits your needs and requirements.