Which is a good term insurance plan i can consider from LIC?
According to your requirements, you can choose from any of these LIC Term Insurance plans.
• LIC e-Term
• LIC Amulya Jeevan – II
• LIC Anmol Jeevan – II
• LIC Bhagya Lakshmi
• LIC New Jeevan Mangal
LIC e-Term plan
This is a regular non-participating online term assurance plan which provides financial protection to your family in the unfortunate event of your demise. The minimum amount of the sum assured will be Rs. 25 lakhs for an aggregate category, and for a smoker will be Rs. 50 lakhs, while premiums will have to be paid annually.
LIC Amulya Jeevan - II
This protection plan is ideal for members of the society who have amassed certain wealth, with an accustomed lifestyle and are looking to secure the financial future of the family members of the life insured.
LIC Anmol Jeevan – II
Much like the other plans mentioned above, the Anmol Jeevan II plan from LIC is a protection plan designed to offer financial protection to the family of an insured individual in the event of his/her unfortunate demise. This ensures that the life insured’s family is not impacted in the event of an unfortunate circumstance.
LIC Bhagya Lakshmi
This is a microinsurance product for lower income groups to have a rock-solid instrument that acts as an investment, savings tool, and an LIC insurance policy. It’s a non-participating limited payment protection plan which returns a total of 110% of the premiums paid on plan maturity to the surviving policyholder, or pays out a death benefit to the dependents of the policyholder in the case of his/her demise.
LIC New Jeevan Mangal Plan
A micro insurance plan, the New Jeevan Mangal from LIC is designed to offer protection and peace of mind to individuals. This plan aims to secure the finances of your loved ones in the event of your demise, ensuring that life continues regardless of any incidents. Enhanced protection at affordable rates make it ideal for the concerned family person.
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