Which LIC plan is best for adults?
Table of Contents
Which LIC plan is best for adults?
Best LIC Plans List for 2022
| LIC Policies | Plan Type | Policy Term |
|---|---|---|
| LIC Jeevan Umang | Whole Life Insurance | 100 years minus(-) the age at entry |
| LIC Jeevan Amar | Term Assurance Plan | 10 years-40 years |
| LIC Money Back 25 years | Money Back Policy | 25 years |
| LIC New Jeevan Anand | Endowment Plan | 15 years-35 years |
Which is the cheapest LIC plan?
Not only LIC of India’s new term plan Jeevan Amar is much cheaper than its just withdrawn Amulya Jeevan Plan, but it is also more flexible and has much wider features. The premium amount of LIC’s Jeevan Amar Plan will be different for male and female as well as for smokers and non-smokers.
What is Jeevan Anand 149 plan?
Under this LIC Jeevan Anand plan, an individual pays regular premiums for a selected period. Once the premium paying term is complete, the individual receives (maturity benefit) lump sum payment along with the accrued bonus (Simple reversionary+ Final addition).
Is PLI better than LIC?
Premium Rate-When compares to LIC or any private insurers, PLI offers cheap premium. So this is the most advantage of buying endowment plans with PLI than with LIC. Bonus Rate-Bonus offered by PLI is in the range of 7\% or more. Whereas currently, LIC offers a bonus rate of around 4\% to 5\%.
What are the new plans of LIC?
From January 2018 to December 2018, LIC has launched one Money-back plan and one Single Premium Guaranteed Pension Plan. These new plans are namely; LIC Bima Shree & LIC Jeevan Shanti. Before discussing more on the LIC New Plans list, let us understand more about the different types of Traditional Life Insurance plans.
What is LIC Life Insurance?
Life Insurance Corporation (LIC) of India provides a range of Life Insurance plans which are made to serve various requirements of customers. LIC has endowment plans, money back plans, children’s plans, single premium plans, annuity (pension) plans, term plans etc.
What are the different types of LIC policies?
LIC has endowment plans, money back plans, children’s plans, single premium plans, annuity (pension) plans, term plans etc. A person can take one, more than one or combination of different policies for the purpose of risk cover, savings, children’s education, retirement planning, tax saving etc.
Which is the best LIC plan for 18 to 50 year old?
LIC Jeevan Anand is the most sold plan of LIC for 18 to 50 years age group; it provides risk cover during policy, good return on maturity and post-maturity risk cover. This plan is most suitable for saving, tax planning, and tax free maturity for retirement etc.