Why buy LIC 1 Crore Life Cover Plan?

1 Crore Life Insurance with LIC is an easy solution to all your financial problems. Be it securing the future of your loved ones after your death, planning to achieve your financial goals, or saving for your retirement, LIC 1 Crore plans are the one stop solution. 

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Top 10 LIC Plans with 1 Crore Sum Insured

Below mentioned are the best 10 LIC plans that offer coverage of Rs. 1 Crore and above. Take a look:

Plan Name Entry Age Maturity Age Policy Tenure
LIC SIIP 90 Days-65 years 18-85 years 10-25 years
LIC Bima Jyoti 90 Days-60 years 75 years 15-20 years
LIC Jeevan Umang 90 Days-55 years 30-70 years (100 – age at entry) years
LIC New Jeevan Anand 18-50 years 75 years 15-35 years
LIC Dhan Varsha 3-60 years 75 years 10 & 15 years
LIC Bima Ratna 90 Days-65 years 65 years 15/20/25 years
LIC New Jeevan Amar 18-65 years 80 years 10-40 years
LIC Jeevan Shiromani 18-55 years 69 years 14/16/18/20 years
LIC New Tech Term 18-65 years 80 years 10-40 years
LIC New Endowment Plus 90 Days-50 years 18-60 years 10-20 years

Benefits of LIC Life Cover of 1 Crore

With LIC 1 Crore life insurance plans you can avail of comprehensive coverage along with a wide range of benefits. Take a look below to find yourself:

  • Adequate funds for your family

    After your demise, your family will need financial support. From their day-to-day expenses to something you have had planned for your family will all get shattered if you don’t have life cover. With the life insurance coverage of 1 Crore, you can ensure that your family has enough funds to carry out their life the way you wanted them to.

  • No need to worry about post-retirement life

    Planning for your post-retirement life is a very important aspect of financial planning. With no source of income, one may find it difficult to fulfill their day-to-day expenses. Thus, with 1 Crore Life insurance, you can ensure that you will end up with sufficient funds to peacefully live your post-retirement life.

  • Loan is available

    Policyholders can look after their emergency financial needs by availing of loan facilities. The facility can be availed only if the two year full premiums have been paid.

  • Cope up with the inflation

    With the continuous rise in living standards, basic needs such as medical facilities, and education are also rising. Thus you need to prepare a financial plan in such a way that will meet your goals without ignoring the inflation rate. With a Life cover of 1 Crore, you can manage your future expenses in a more planned manner.

  • Tax Benefits

    Premiums paid for LIC life cover of 1 Crore plans are eligible for deductions under Section 80C of the Income Tax Act 1961.

Who Should Buy LIC 1 Crore Life Cover?

Wondering if LIC 1 Crore Life Cover is ideal for you or not? Well, with a huge financial corpus of Rs. 1 Crore, you can live peacefully knowing that your family can live independently after your demise. These plans can be your ideal choice if you are:

  1. Only Breadwinner of the Family

    As a sole earning family member, it is your responsibility to provide for your family even after your demise. With LIC 1 Crore plans, you can make sure that your family doesn’t have to depend on anyone else to fulfill their dreams.

  2. Young Individuals

    A young individual who has just started their job, probably with no family responsibilities, can invest in LIC 1 Crore plans. By starting early, you can build long-term financial stability, and by the time you turn 40 or 50, you will be having a huge corpus of 1 Crore.

  3. For Financial Security

    LIC 1 Crore plans are one of the best tools of investment for those who are looking for long-term savings and protection plans. By investing in LIC 1 Crore life cover, an individual can plan and fulfill their future milestones.

Wrapping it up

LIC 1 Crore plan is the best gift you can give to your family to safeguard their future needs. The plans offer guaranteed security of providing your family with a sum assured of 1 Crore after your demise as a death benefit. Whereas, on the other hand, if you outlive the policy, the plan will give you maturity benefits that can be used to fulfill your future goals.

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