Why Should You Buy LIC 15 Lakh Policy

The LIC 15 Lakh policy is a combination of life protection and investment plans which is designed to protect your family and allow you to plan for your financial future. With this plan, you can ensure that your family will receive a guaranteed benefit of Rs. 15 Lakhs after your demise as a death benefit. 

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LIC 15 Lakh Plans- An Overview:

LIC Policy of 15 Lakhs is designed by LIC of India to help customers enjoy the combined benefits of life cover and savings. These plans offer benefits of Rs. 15 Lakhs to the beneficiary of the policy. In addition to this, the LIC policy of 15 Lakh also offers a host of benefits such as tax benefits, maturity benefits, loan facilities, guaranteed additions, and many more. In the below sections, let’s explore more about the plan and its benefits:

Benefits of LIC 15 Lakh Plans

LIC Policy of 15 Lakhs offer certain benefits to its policyholders. Some of them are mentioned below:

  1. Combined Benefit of Savings and Life Protection

    With LIC 15 Lakh insurance policy, one can enjoy the double benefits of savings and life protection under a single plan.

  2. Riders for Enhanced Protection

    In order to enhance your protection, LIC offers 4 riders under a 15 Lakh Insurance policy. The available raiders are:

    • New Term Assurance Rider,

    • Accidental Death & Disability Benefit Rider,

    • Accident Benefit Rider, and

    • New Critical Illness Benefit Rider. 

  3. Loan Facility

    If a policyholder has paid the premiums for at least 2 years, he/she can avail loan against their policy to meet any financial emergency.

  4. Tax Benefits

    Under LIC 15 Lakh policy, the policyholder is eligible to avail of tax benefits for the premiums paid under Section 80C of the Income Tax Act,1961.

Why Buy LIC 15 Lakh Plan?

  1. Wide coverage with affordable premiums

    LIC plans with a life cover of Rs. 15 Lakhs are one of the best ways to secure the financial future of your family without burdening your pockets. These plans give coverage of Rs. 15 Lakhs to your family after your death.

  2. Create financial security for your golden days

    With the LIC 15 Lakh policy, you can live and enjoy your post-retirement life without any financial stress, and have sufficient money to look after your needs.

  3. Fulfill your financial needs

    Get a guaranteed amount of Rs. 15 Lakhs at the time of maturity, and use it to fulfill your financial needs, such as outstanding loans, kid’s higher education, buying a new house etc

How to Buy LIC 15 Lakh Plan from PolicyBazaar?

Follow the below steps to buy LIC Plans from Policybazaar:

Step 1: Visit Life Insurance Corporation of India.

Step 2: In the form, fill your name and contact number. 

Step 3: Click on “view plans”.

Step 4: Next, enter your current age and residential city.

Step 5: You can customize the amount and tenure of your plans at your convenience.

Step 5: Check the details, and proceed to make an online payment.

**Note: You can buy LIC policy offline from Policybazaar. We provide door-to-door services by which you can easily buy your best-suited policy.

To Conclude:

Buying LIC 15 Lakhs plans is a perfect way of securing your family’s future in your absence. After your death, these policies offer up to Rs. 15 lakhs in coverage to your family, assuring them financial security. Additionally, these policies provide maturity rewards in the event that the policyholder survives past the policy's term.


*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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