LIC 1 Crore Return Plan

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. 

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Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
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We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Best 5 LIC 1 Crore Return Plan

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

Why Should I Buy LIC 1 Crore Plans?

Below mentioned are a few reasons that will help you to understand the benefits and importance of having a 1 Crore LIC Plan:

  1. Family's Financial Security

    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.

  2. Tax Advantages

    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.

  3. Stress-free Retirement

    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.

  4. Consider the current rate of inflation

    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.


How to Buy LIC 1 Crore Plans from Policybazaar?

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.

Wrapping it up:

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.

FAQ's

  • Q: Why do I need LIC 1 Crore plans?

    Ans: LIC 1 Crore Insurance plans come with affordable premiums, and are one of the best and most effective ways of investing. These plans offer a Death Benefit of 1 Crore in case the policyholder dies during the policy term, and in case he/she outlives the policy term, the plan will offer the maturity benefits.
  • Q: I am not satisfied with my LIC 1 Crore policy. What can I do?

    Ans: The company offers a free-look period of 15 days, wherein a policyholder can cancel their policy within 15 days of buying it.

*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
++Returns are 10 years returns of Nifty 100 Index benchmark

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