LIC 1 Crore Return Plans help you to create a huge financial corpus of Rs. 1 Crore to support your family’s financial needs, and helps you in fulfilling your financial milestones such as buying a house, going on a world tour, or saving for your retirement. These plans come with a dual benefit of Life Insurance and savings.Read more
Take a look at the below table and explore some of the best LIC 1 Crore Return Plans:
|Plan Name||Entry Age||Policy Tenure||Maturity Age|
|LIC SIIP||90 Days-65 years||10-25 years||18-85 years|
|LIC Bima Jyoti||90 Days-60 years||15-20 years||75 years|
|LIC Jeevan Umang||90 Days-55 years||(100 – age at entry) years||30-70 years|
|LIC New Jeevan Anand||18-50 years||15-35 years||75 years|
|LIC Dhan Varsha||3-60 years||10 & 15 years||75 years|
Below mentioned are a few reasons that will help you to understand the benefits and importance of having a 1 Crore LIC Plan:
Your family will require financial assistance after your demise. Thus, it is your responsibility to make sure that your family has enough money to live the way you wanted them to. With LIC 1 Crore Life Insurance not only will you provide financial coverage to your family, but can also help them to fulfill their future goals.
Under Section 80C of the Income Tax Act of 1961, premiums paid for LIC life cover of 1 Crore policies are eligible for tax deductions.
Financial planning includes many different aspects, one of which is preparing for your life after retirement. Without any source of money, it may be challenging to pay for daily expenses. Therefore, if you have 1 crore life insurance, you can live your post-retirement life with full dignity and independence.
Basic requirements like access to healthcare and quality education are increasing along with the ongoing growth in living standards. As a result, you need to create a financial strategy that fits your lifestyle. A 1 Crore life insurance policy is one of the best ways to ensure that you will be able to fulfill your future goals.
To buy LIC 1 Crore Plans from Policybazaar, you can follow the below-mentioned steps:
Step 1: Visit LIC of India, fill the form with your name and contact number
Step 2: Click on the “View Plans”.
Step 3: Put your age and your residential city.
Step 4: Next, the page will show you the available plans.
Step 5: You can customize the investment amount or the tenure at your convenience
Step 6: Buy the plan and pay the premium online.
**Note: You can also opt for Policybazaar’s offline door-to-door services.
Buying LIC Crorepati Plans is one of the effective ways to secure your and the future of your loved ones. With affordable premiums, you can invest periodically and avail of the guaranteed benefits of Rs. 1 Crore and above.
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ