LIC (Life Insurance Corporation of India) schemes available their features and benefits.
There are several LIC (Life Insurance Corporation of India) schemes available, each with their own features and benefits. The best LIC scheme for you will depend on your specific financial goals and requirements.
Here are some popular LIC schemes that you may consider:
Jeevan Labh: Jeevan Labh is a non-linked, limited premium paying endowment plan that offers a lump sum payment at the end of the policy term along with bonuses.
Jeevan Anand: Jeevan Anand is a non-linked, participating, endowment plan that provides life cover up to the age of 100 years along with bonuses.
Jeevan Umang: Jeevan Umang is a non-linked, participating, whole life assurance plan that offers regular income in the form of annual payouts along with bonuses.
New Money Back Plan-20 years: This is a non-linked, participating, money-back policy that offers survival benefits at specific intervals along with a maturity benefit at the end of the policy term.
LIC Term Plan: LIC also offers a pure term insurance plan that provides life cover at an affordable premium rate.
Before selecting any LIC scheme, it's important to understand the features, benefits, and costs associated with each plan. You should also consider your financial goals, investment horizon, and risk tolerance before making a decision. It's always advisable to consult with a financial advisor before investing in any insurance plan.
