LIC Scheme
LIC Policy: Life Insurance Corporation of India (LIC) has introduced such schemes for people of salary class, in which security is available with safety of up to 100 years. The special thing is that there is no effect of market fluctuations in these schemes and the investor gets a hefty amount on time.
LIC, which is the largest insurance company in the country, provides policies for every category. Investments are completely safe in these and after completion of policy term, guaranteed returns are received. Let’s know about these special schemes.
LIC Jeevan Shiromani Policy
This is non-linked, personal life insurance savings scheme. In this scheme designed for the high-incompatible group, a minimum monthly premium is to be paid on a sum of Rs 1 crore. The premium is to be deposited for only 4 years and there is no limit of maximum premium.
The age limit is 18 to 55 years according to the policy term. During the policy, the original insurance amount is paid from 30% to 45% on the fixed years and the remaining amount is given on maturity.
Lic Jeevan Anand Policy
This is a term plan policy giving better returns in low premium. With an investment of Rs 45 daily, a fund of up to Rs 25 lakh can be prepared in future. The monthly premium is Rs 1,358 and to get the benefit of the bonus, the policy has to be run for at least 15 years.
LIC Jeevan Azad Policy
The scheme, popular since the launch, has to invest for a period of 15 to 20 years. The minimum sum assord is Rs 2 lakh and a maximum of Rs 5 lakh. People from 90 days to 50 years can invest in it. The entire amount on maturity is given lump sum. Policy can also be taken in the name of children.
Lic Jeevan Umang Policy
This is the Whole Life Scheme that gives income every year with security. The policyholder receives 8% income of Sammeord every year after completion of the premium period. The coverage is up to 100 years and a lump sum payment is made on maturity or death. People from 3 to 55 years can invest in it and the minimum insurance amount is 2 lakh rupees.
Insurance experts believe that these schemes of LIC are a good option for safety and stable returns in long periods of salary class. Investors can make their future financially safe by choosing the right plan.