All You Should Know About the LIC Plans for Women in 2021

It is high time that the stereotype is broken that financial planning should only be done by men. No, it is no more limited to men. Financial planning is equally important for women as well.

Read more
Get ₹1 Cr. Life Cover at just ₹411/month*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

*Tax benefit is subject to changes in tax laws. *Standard T&C Apply

** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines

Get ₹1 Cr. Life Cover at just ₹411/month*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

Who does not need money?

You and I, well clearly everyone. We are living in the world of uncertainties. And anyone of us can fall into financial crises. Money is important and it has always been. Most important, financial planning is of utmost importance to lead a comfortable and stress-free retired life. Therefore, the early, the better.

Remember, a man is not a financial plan. Any woman who has immediate financial dependents or has certain responsibilities, planning the finances has to be taken care of.

Thinking about the modes of investment or the investment options available in 2021 that are suited for women?

Why Fear, When LIC is Here

Well, the Life Insurance Corporation of India is the answer. Wondering, how?

One of the oldest and trusted life insurance company the LIC has introduced insurance policies for women. To put it in simple words, the company offers ideal LIC plans for women.

The LIC policy for women is designed such that caters to the interest of a woman even if she is not a market-savvy pro. The woman should not worry about it.

In this article, let us take you through some of the ideal LIC plans for women in India 2021:

LIC Aadhar Shila

The LIC of India offers this scheme exclusively for women that are known as the ‘Aadhar Shila’. It is a combination of savings and protection, which provides financial help to the family in case of an unfortunate demise of the policyholder at any point in time before maturity. Besides, a lump sum amount is also provided at maturity to the policyholder for surviving.  The LIC Aadhar Shila plan also takes care of the liquidity needs via its auto cover and the facility of loan as well.  

LIC e-Term Plan

This LIC policy for women can be easily bought online right from the convenience of almost everywhere. The LIC e-Term Plan is the term plan that proves financial safety net to the family when the policyholder passes away. Any woman who has dependents should consider securing the financial future. In case, the woman is a non-smoker, the plan can be availed double the sum assured. However, as it is a term plan, it does not offer any maturity benefit. The mode of premium for this LIC plan for women is yearly and the premium amount is cost-effective. At a nominal rate, the financial safety of the family will always be taken care of.

LIC New Jeevan Anand Plan

The LIC New Jeevan Anand is another best-suited plan for women. Talking about the Jeevan series of LIC, this plan combines both savings and protection and makes it a preferred choice. The plan offers financial protection against demise and offers a lump sum payment option at maturity. The returns are good and the coverage will continue even after maturity. It means that during maturity, the policyholder will get the lump sum benefit and the insurance coverage will continue; however, the premiums need to be paid. The plan can be enhanced by selecting a suitable rider benefit option.

 LIC Jeevan Lakshya Plan

The LIC Jeevan Lakshay Plan offers savings and protection. This LIC plan is a conventional one with the restricted option of premium payment. Moreover, the plan provides yearly income and in case of any adversity, the plan is surely a blessing in disguise. Apart from the death benefit, it also provides a lump sum while maturity as the survival benefit. The premium can be easily paid monthly, quarterly, half-yearly or yearly. Enhance the protection of the plan by choosing the additional riders.

Wrapping it Up

Choose the LIC plan for women wisely. Buy a plan that suits the interest and fulfils the need. Sound financial planning is important and now that we are into 2021, it is time that we break that financial planning should only be done by the male. This conventional gender role should be broken.

Undoubtedly, the times have changed, Today, women are actively stepping into the workforce and have even become the breadwinners. Therefore, protecting the income is equally prudent. With the changing trends, women are moving forward towards financial freedom and explore various insurance and financial instruments as this is a savings mechanism to augment the habit and notion of long-term savings.

Even if the women are not working and are a single mother or a homemaker, financial planning is even then important to ensure financial protection for the coming times.

Remember, prevention is better than cure. Choose the best LIC policy for women and remain tension-free at every stage of life.

Written By: PolicyBazaar

Life insurance articles

Recent Articles
Popular Articles
Max Life Insurance 1 Crore Plan

14 Oct 2021

With many novel diseases surfacing, life seems to be fleeting...
Life Insurance for Senior Citizens Over 70

14 Oct 2021

Although you may be past the opportunity to buy life insurance...
Life Insurance for Senior Citizens over 80

14 Oct 2021

If you are the bread earner for your family, no time is bad to...
Life Insurance for Armed Forces

14 Oct 2021

The Indian arm forces are our pride. They risk their lives to...
Life Insurance for 50-year Old

14 Oct 2021

We all have had this thought at least once in our lives, ‘what...
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However...
LIC Online Premium Payment
The Life Insurance Corporation of India is one of the most recognized and trustworthy names in the Indian life...
How to Check PLI Status?
How to Check PLI Status? Dating back to February, 1884, PLI (Postal Life Insurance) is one of the oldest life...
LIC Login: LIC Customer Login Process at Online Portal
The LIC login portal is user-friendly. With the LIC online login facility, customers can easily avail themselves of...
Life Insurance: Checking Policy Status
Life Insurance: Checking Policy Status Buying life insurance policy is the first step towards building a corpus...
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL