LIC is the most popular choice for policy-seekers. With the uncertainty and inevitability of modern life's existence, insurance has become a requisite for Indian customers. The insurance company strengthens the policy segment of the country with its diverse range of term plans and policies. LIC of Indian policies caters to the needs of every client and provides them with life stage financial goals.Read more
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
The Life Insurance Corporation of India (LIC) is a one-stop solution for every individual determined to purchase a policy plan. LIC has a strong customer foundation, and its performance has been able to secure the base for so long.
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:
Before purchasing a plan, the customers always urge to know what the plan offers first. If a plan gives you additional benefits and features like "Money back Payment" over the sum assured by the insurer, then that plan is giving you a lucrative return. Investing in the right kind of plan can help the customer in getting the highest return. LIC of Indian policies look after the needs of Indian customers and can provide you with higher returns than other insurers in the insurance market.
In order to simplify the hassle of choosing a perfect plan for the desired financial coverage, the following are the best LIC policies for the highest return in 2021:
This protection plan is the best LIC policy if one wants to secure the family's future financial demands and liabilities. The plan offers the clients additional benefits and can be availed easily with the required documents. The features, which the article shall mention are:
This is the best LIC policy, which comes with double benefits of savings and earnings for financial coverage of the family. A fixed guaranteed amount is paid to the policyholder at the official end of tenure. The plan comes with an exceptional feature of 100 years coverage and benefits such as:
This plan is the best LIC policy if one is looking for a plan with limited premium payment. The plan supports the family's financial demands during unfortunate circumstances like the death of the policyholder. The plan provides a lump sum amount if the policyholder survives the precisely required duration during the term of the policy. The plan also offers returns at a specified duration throughout the process. The plan has a plethora of features and benefits such as:
This plan is a non-participating unit-linked insurance policy. This is the best LIC policy in the category of ULIP and allows the client to invest in equity and debt by providing four different combinations of funding types. The premium, which is paid by the policyholder, is invested in the type of fund selected by the client. The policy comes with benefits such as:
As one of the best LIC policies, the plan promises to give coverage and savings benefits. The plan protects the life stage financial goals of the family during the unfortunate death of the earning member. The plan also provides a lump sum during the maturity of the plan as a maturity benefit. The plan also has a loan facility in order to look after the liquidity needs of the family. The benefits that the plan offers are:
The customer can purchase an online and user-friendly plan through the insurer's official portal. In this plan, the customers can choose their convenient online payment mode to pay the premium charges. The plan provides some benefits, which makes it a plan with the highest return. Those benefits are:
In Level Sum Assured, the amount guaranteed to be paid on death remains the same throughout the tenure. Whereas in Increasing Sum Assured, the amount assured remains the same for the first 5 policy years. After the fifth year, the assured amount increases by 10% each year until the 15th year and becomes twice the sum assured. After 15 years, the sum assured will be twice that of the beginning.
These are the most lucrative insurance plans for policy-seekers. 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.
The LIC of Indian policies has been the most reputed insurance company and securely solved the financial problems of the clients. 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.
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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