Life Insurance Corporation of India (LIC) offers a range of policies designed to provide long-term financial security and stability. Choosing the right policy ensures protection for your loved ones, savings growth, and a secure future. In this article, we will explore the top LIC policies that help you achieve financial security over the long term.
- LIC Jeevan Anand
Why It’s a Top Choice:
This is one of LIC’s most popular endowment plans, offering both life coverage and savings benefits. It provides a lump sum at maturity while ensuring continued life coverage even after policy term completion.
Key Benefits:
- Dual benefits of insurance and investment.
- Sum assured + bonus paid at maturity.
- Lifetime risk coverage even after policy term ends.
- LIC New Jeevan Labh
Why It’s a Top Choice:
A limited premium endowment plan that ensures maturity benefits while requiring you to pay premiums for only a limited period.
Key Benefits:
- High returns with limited premium payments.
- Suitable for long-term wealth creation.
- Offers a combination of savings and insurance protection.
- LIC Jeevan Umang
Why It’s a Top Choice:
This policy provides lifelong income along with financial protection. It offers annual survival benefits after the premium payment term ends.
Key Benefits:
- Lifetime annual income after premium payment term.
- A lump sum payout at maturity or on the insured’s demise.
- Ideal for retirement planning and wealth accumulation.
- LIC Tech Term
Why It’s a Top Choice:
LIC Tech Term is a pure protection plan offering high life coverage at affordable premium rates. It is a non-linked, online term insurance plan.
Key Benefits:
- High sum assured at competitive premiums.
- Flexible policy term and premium payment options.
- Online policy purchase with easy application process.
- LIC New Endowment Plan
Why It’s a Top Choice:
A traditional savings cum protection plan that offers bonuses along with a lump sum payout at maturity or on the insured’s demise.
Key Benefits:
- Guaranteed savings with risk cover.
- Bonus additions to enhance maturity value.
- Provides financial security to policyholders and their families.
