LIC, the country’s largest government insurance company, has many schemes. The most special thing about LIC schemes is that your money is completely safe in it. In such a situation, this question arises in everyone’s mind that which policy should I buy in which along with security of money, I can also get better returns. If you are also in this dilemma then let us try to solve your confusion today.
If we talk about the best plan, then LIC has different schemes for every category. Talking about LIC policies, it depends on your need (protection, savings, or both). Talking about the popular and better options of LIC, they include LIC Jeevan Amar and Tech Term Plan for protection, Jeevan Anand for savings and returns and Jeevan Anand for pension, while New Children Money Back is also a good option for the future of children.
Better plan for security
If your priority is security then LIC has many options for this also. LIC’s Jeevan Amar is a term plan that offers a large sum assured at a low premium. LIC’s Tech Term Plan is such that it provides comprehensive protection at an affordable premium. If you are looking for a saving plan, then the best selling plan of LIC is LIC’s Jeevan Anand. This is a savings plan that offers lifetime coverage. Whereas LIC New Endowment Plan is a plan which gives lump sum amount and bonus on maturity.
These are better pension plans
If you are looking for long term or pension plans then LIC Jeevan Shanti plan can be an option for you. In this scheme, you get lifetime pension in exchange for lump sum investment. On the other hand, if you want to take a plan for your children, then LIC’s New Children Money Back Plan can prove to be better. in this plan
Children’s education and other needs can be met.