LIC Policy: The schemes of the country’s largest life insurance company LIC are famous for providing safe investment and huge returns. Life Insurance Corporation of India (LIC) offers schemes for every class. Let us know about some such schemes, which provide huge returns.
LIC Policy: Life Insurance Corporation of India offers many policies for its customers. It is considered to be the largest company in India, which provides insurance to people of every class. There is no risk of any kind on investing in it. Investors can earn a huge amount by investing money in it during a certain interval. There is no market risk in it. Here we are telling about some such schemes for salary class people, where coverage is available for 100 years.
1 – LIC Jeevan Shiromani Policy
Jeevan Shiromani Policy is a non-linked, individual, life insurance savings plan. This scheme is designed for those people whose income is very good and they want security regarding their investment. If you buy a policy with a sum assured of Rs 1 crore, then the minimum premium amount is Rs 94,000 per month. In this scheme, deposits have to be made for 4 years. You can deposit this premium every month, three months, six months or annually.
There is no limit on the maximum premium. To avail this scheme, the policy holder must be at least 18 years of age. If we talk about the maximum age, the maximum age for a policy term of up to 14 years is 55 years, for a term of 16 years the maximum age is 51 years, for an 18-year policy the maximum age is 48 years and for a 20-year policy the maximum age is 45 years.
How much return will you get
If you buy a 14 year plan, you get 30% of the basic insurance amount in the 10th and 12th year. If you buy a 16 year policy, you get 35% return of the basic insurance amount in the 12th and 14th year. If you buy a policy with a term of 18 years, you get 40% of the basic insurance amount in the 14th and 16th year and if you buy a policy with a term of 20 years, you get 45% of the basic insurance amount in the 16th and 18th year. The remaining amount is paid as a lump sum on maturity.
2 – Jeevan Anand Policy
LIC Jeevan Anand Yojana is a term plan, which gives better returns at a low premium. Its special feature is that by investing only Rs 45 per day, you can create a fund of up to Rs 25 lakh in the future. You can pay the premium on an annual, half-yearly, quarterly and monthly basis. The monthly premium of LIC Jeevan Anand Yojana is Rs 1,358. Bonus is also available in this policy. To avail the bonus, it is necessary to continue this policy for at least 15 years.
3 – Jeevan Azad Policy
Jeevan Azad Policy of Life Insurance Corporation of India (LIC) has remained popular since its launch. It is a non-linked, non-participating, individual plan. In this plan, the customer has to invest for a period of 15 to 20 years. The minimum sum assured amount in this plan is Rs 2 lakh, while the maximum sum assured under this plan has been kept at Rs 5 lakh by LIC. If someone has bought this policy or is a policy holder, then the amount decided by the insurance company at the time of buying the policy will be paid in full at the time of maturity. To avail the benefits of this scheme, the age of the policy holders is at least 90 days and at most 50 years. This means that the policy can be purchased in the name of children as well.
4 – Jeevan Umang Policy
LIC’s Jeevan Umang Policy is a Non-Linked, Participating, Whole Life Insurance Plan, which gives a combination of security and regular income. In this, the policyholder gets income every year after the completion of the premium payment period. A lump sum amount is given at the time of maturity of the policy or death of the policyholder. Apart from this, you can also avail the loan facility through this plan. Due to which there will be no problem of money at the time of need. This plan provides coverage up to 100 years. After the premium payment period is over, 8% of the sum assured amount is received every year. There is also the benefit of bonus in this. People from 3 years old child to 55 years of age can invest in Jeevan Umang Policy. In this, insurance of at least Rs 2 lakh has to be done. In this, the premium pay term is 15, 20, 25 and 30 years.
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