LIC Policy for Maximum Return in 2024

What is the Maximum Return in LIC Policies? 

An LIC policy with maximum return offered by the Life Insurance Corporation of India  aims to provide policyholders with higher potential investment gains compared to traditional policies. These policies often include market-linked components s where returns are influenced by market performance, offering a chance for greater growth alongside insurance coverage.

Best LIC Policy with High Returns

With the wide range of LIC policies, these are the best LIC policies for the highest return and additional benefits, which acts as an advantage in further securing the monetary needs. Below-mentioned are some of the best LIC policies with High Returns. Take a look:

Take a look at the below section to understand the best LIC plans for maximum return in detail, and choose the one that suits your budget and requirements.

1. LIC Nivesh Plus

   LIC Nivesh Plus is a single premium ULIP plan offering insurance coverage and wealth accumulation. It provides policyholders with a choice of four investment funds based on risk appetite and options for fund switching and partial withdrawals after the fifth policy anniversary

   Key Features of LIC Nivesh Plus.

   • Partial withdrawal and fund switching flexibility after the fifth policy anniversary.

   • Guaranteed additions to the policy unit fund at specific intervals.

   • Additional protection through riders like Accidental Death Benefit Rider.

2. LIC Index Plus

   LIC Index Plus is a unit-linked life insurance plan offering market growth potential with guaranteed death benefits. It allows policyholders to invest in various funds and receive guaranteed additions. The plan ensures life cover throughout the policy term and enhances protection through riders.

   Key features of LIC Index Plus:

   • Flexibility to choose from various funds based on risk appetite and financial goals.

   • Annual guaranteed additions to the unit fund to enhance savings over time.

   • If the insured outlives the policy's maturity date and has paid all premiums, they will receive an additional sum equal to the life insurance charges deducted, along with the Maturity Benefit. This is called the Refund of Mortality Charges. 

3. LIC SIIP Plan

   LIC SIIP is a unit-linked insurance plan that allows the policyholder to avail insurance protection and investment opportunities. The plan offers the four types of funds to choose from. The investment returns from LIC SIIP in the long term lets individuals grow their wealth and create a financial cushion for a secure future.

   Key Features of LIC SIIP:

   • In case the policyholder dies during the policy term, an amount equal to the unit fund value is paid to the nominee of the policy as a death benefit.

   • If the policyholder survives till the end of the policy term, the unit fund value along with the refund of mortality charges is paid to the insurer.

   • The plan offers Guaranteed additions to the policyholder wherein a percentage of the yearly premium is added to the fund value on completing the 6th, 10th, 15th, 20th & 25th policy year.

4. LIC New Jeevan Shanti

   LIC New Jeevan Shanti is a single premium deferred annuity pension plan offering a financially stable future post-retiremen. It provides a secure source of regular income, making it an attractive choice for retirement planning.

   Key Features of LIC New Jeevan Shanti:

   • The policy provides an annuity payout during the deferment period. The death benefit is defined as the greater of:

   • The combined amount of the purchase price and accrued benefits minus the total annuity payments made until death.

   • 105% of the purchase price.

   • Policy loans are available after three months from the date of policy issuance.

5. LIC Jeevan Utsav

   LIC Jeevan Utsav is a whole life insurance plan offering protection and financial support to the family after the policyholder's demise. It provides two benefit options: Regular Income Benefit or Flexi Income Benefit. The plan offers attractive High Sum Assured Rebate and guaranteed additions throughout the Premium Paying Term.

   Key features of LIC Jeevan Utsav:

   • Flexible premium payments based on individual financial capacity.

   • Guaranteed additions to enhance the maturity value over time.

   • Loan facility providing access to liquidity against the policy.

Factors to Keep in Mind Before Buying LIC Maximum Return Policy?

Buying an insurance plan can be tricky for the clients with the availability of a wide range of options and additional benefits. The basic features, which are essential to look at, and the clients should take into consideration before purchasing a plan or policy is:

• Purpose of Buying: Before buying a policy, the customers need to sort out their motives and check whether their desired plans fulfill the demands and purpose of their purchase.

• Additional Benefits: The customers need to wisely choose a plan, which offers additional benefits during hard times.

• Maximum Return: In order to determine a plan with maximum return, one needs to check the additional benefits and calculate the ROI accordingly.

• Duration: The client should select the term of the policy according to the investment tenure. One should choose a policy term for ten years if one needs financial protection for ten years.

• Types: The types of plans are also a domain to look through before buying a particular plan. One shall choose ULIPs only if they are willing to take a risk, and for others, endowment and money-back plans are some safer options.

The Bottom Line

Above-mentioned are some of the most lucrative insurance plans for those individuals who are looking for high returns.In order to purchase a plan with maximum return, one needs to go through the death benefits, maturity benefits, survival benefits, and other additional benefits, which the plan promises to provide. The clients can invest in the plans with maximum return according to their needs and affordability.

Disclaimer: Policybazaar does not endorse, rate, or recommend any insurer or insurance product offered by an insurer.

*The investment risk in the investment portfolio is borne by the policyholder.

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C applies.

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