LIC 1 Crore Plan- An Overview
LIC 1 Crore Plans are specially designed to safeguard the future of your and your loved ones. These plans come with a high sum assured of Rs. 1 Crore, which ensures to provide financial support at the time of need. These LIC plans come with death and maturity benefits which help you to plan your financial expenses in a better way.
Who Should Buy LIC 1 Crore Plans?
1 Crore LIC plans are a perfect way of ensuring guaranteed returns. You can consider buying these plans if:
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You want to secure the financial needs of your family
Your family will never be able to cope up with the pain of losing you, however, as a responsible earning member of the family, it is your responsibility to ensure that your family does not face any hurdles in your absence..
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You wish to accomplish your future goals
Achieving your financial milestones such as purchasing a big house, sending your kids abroad for higher studies, or marrying off your kids needs a lot of money. With LIC 1 Crore Policies, you can ensure that by investing regularly you will get the guaranteed returns at the time of maturity.
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Securing your post-retirement life is the goal
Life post-retirement can be quite challenging if you do not prepare an effective strategy in your earning days. With LIC 1 Crore policies, you can ensure that you have enough funds to enjoy your post-retirement life.
How to Buy LIC Plans from Policybazaar?
Step 1: Visit LIC of India
Step 2: Fill in the form with your name and contact number
Step 3: Next, fill in your age and current city
Step 4: Once done, on the next page you can check the plans available and customize the amount and time period for your investments
Step 5: Choose the plan, and pay your premiums online.
Best LIC Plans with 1 Crore Sum Insured
Below mentioned are the top 10 LIC 1 Crore Plans. Take a look:
**Note: To calculate the premiums of LIC 1 Crore plans, you can refer to the LIC Premium & Maturity Calculator page, and check the premiums you need to pay against your policy.
Benefits of Buying LIC 1 Crore Plan
LIC 1 Crore plans offer the below-mentioned benefits that make it one of the ideal choices for investing your money. Have a look at them:
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Financial Support to your family after death
With LIC 1 crore plans, after your demise, your nominee will get the guaranteed death benefit of Rs. 1 Crore. The benefit ensures that your family doesn’t have to comprise their basic needs.
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Achieve your Financial Goals
You will get a maturity benefit of Rs.1 Crore if you survive till the end of the policy tenure. With LIC 1 Crore plans, you can achieve your financial goals.
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Post-retirement security
With LIC 1 Crore Policy, you can save your money effectively for your post-retirement life and can live your golden days without depending on anyone else.
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Tax Benefits
Premiums paid against 1 Crore LIC plans are eligible for deductions under Section 80C of the Income Tax Act 1961.