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{Best} LIC Policies Plan in India 2020 ! Life Insurance Corporation of India Benefits, Bhartiya Jiwan Bima Nigam Details

Top 3 LIC Policies Plan in India 2020 Life Insurance Corporation of India Benefits Details : LIC Jeevan saral Plan LIC Jeevan saral Plan is a non-linked insurance plan. The plan provides financial protection against death during the period of the policy. In this plan , the premium amount is decided by the policyholder and he gets 250 times the monthly Premium as sum Assured. Hence, it is categorized under special plans. This plan offers Double Death Benefit of sum Assured + Return of Premium.

LIC Policies Plan in India 2019

LIC Policies Plan in India 2020

Best LIC Plans and Policies Details

LIC Plans Plan Type Entry Age Policy Term Maximum maturity age Sum Assured(minimum–maximum)
LIC- e Term Pure Term insurance plan 18-60 years 10-35 years 75 years 25,00,000—No limit
LIC Jeevan Anand Participating Traditional Endowment Plan 18-50 years 15-30 years 75 years 15-30 years
LIC Jeevan Saral Endowment Plan 12 – 60 years 10 – 35 years 70 years 250 times monthly premium—no limit

LIC Jeevan Saral Plan

Benefits of LIC Jeevan Saral Plan Death Benefit- In case of death of the life Insured, the nominee receives sum Assured + Return of Premiums. Loyalty Addition Maturity Benefit- At the maturity of the Policy the insured get Maturity sum assured. The Maturity sum assured depends on the policy holder’s age at the time of take the policy and is payable on survival to the end of the policy term. Income tax- Premium paid are exempted from income tax free for Jeevan Saral Policy under Sec 80 C.

LIC Jeevan Saral Endowment policy
Entry Age 12-60 years
Minimum Premium/Purchase Price Rs.250/- (for age below 50years) – Rs.400/- (for age above 50years)
Medical Examination N/A
Maximum Maturity Age 75 years
Tax Benefits Available under Section 80C

LIC Jeevan Anand Plan

LIC’s Jeevan Anand Plan is a participating Whole Life Endowment Plan with various advantages. This Whole life endowment plan continues to provide coverage till the death of the insured even after the maturity of the plan. The Jeevan Anand policy offers bonus facility. This plan provides an option of regular premium payment to the insured. On survival till the end of the plan term, the benefit on maturity is paid to the insurance holder and the plan continues to be in force. This plan has average premium, high bonus rate, and great liquidity feature The Customer can enjoy the lump sum payment at the time of maturity This policy provides a good sum of financial protection against the death of the policyholder. When the maturity is paid and the policyholder is surviving then the insurance coverage continues with the payment of premium amounts.

LIC Jeevan Anand Plan Participating Traditional Endowment Plan
Entry Age 18-50 years
Sum Assured Rs.1,00,000/-no limits
Loan Facility Available
Optional Benefits LIC accidental death benefit or disability benefit.
– LIC’s New Term Assurance Rider
Tax Benefits Available under Section 80C

LIC e- term Plan

LIC’s e term plan which can be purchased online without the intervention of any agent or advisor. This Plan works like a regular term plan once it has been issued.  In case of unfortunate death of the life assured during the policy term Sum Assured shall be payable.

LIC e-Term Pure Term Insurance
Entry Age 18-60 years
Policy Term The minimum policy term for the policy is 10 years while the maximum is 35 years.
Mode of payment Premiums are to be paid annually.
Sum Assured Minimum Basic Sum Assured should be Rs. 25, 00,000 for the Aggregate category, for a non-smoker it is Rs. 50, 00, 000/- and no limits for maximum
Medical Examination Required

So guys hope you can understand what is this plans and how it is beneficial for you all. Also share this page with your friends to know them about this LIC Plans in India.

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