Which policy of LIC is best?

Which policy of LIC is best?

Best LIC Plans List for 2022

LIC Policies Plan Type Policy Term
LIC Jeevan Umang Whole Life Insurance 100 years minus(-) the age at entry
LIC Jeevan Amar Term Assurance Plan 10 years-40 years
LIC Money Back 25 years Money Back Policy 25 years
LIC New Jeevan Anand Endowment Plan 15 years-35 years

Which policy plan is best?

Top 10 Life Insurance Policies in 2021

Plan Name Plan Type Policy Term (Min/Max)
LIC’s Jeevan Pragati Plan Endowment 12 Years to 20 Years
Max Life Online Term Plan Plus Basic Life Cover Term 10 Years to 40 Years
ICICI Prudential iProtect Smart Term 10 years to 30 years
Bharti Axa Life Elite Secure Term 10 years to 25 years
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Is Jeevan Anand good policy?

If you are searching for an endowment plan that provides the advantages of an entire life policy, then LIC Jeevan Anand plan 149 is one of the best choices to go for. The Jeevan Anand(Plan-149) offers a bonus facility. The additional assured sum is paid when the life-insured individual dies.

What is the best LIC plan?

New Jeevan Anand Plan is one of the best plan in LIC, which offers an attractive combination of protection and savings. This plan continues to provide coverage till the death of the insured even after the maturity of the plan. This plan is combination of both Endowment Plan and Whole Life Plan.

What is a LIC term plan?

A LIC term insurance plan that is an offline non-participating, non-linked pure protection plan that takes care of the financial liabilities of the insured’s family in case of his/her demise while the policy is active. Features of LIC Jeevan Amar Plan:

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What are LIC policies?

LIC policy is a legal agreement between a policy holder and the insurance company wherein the insurance company promises to pay nominees of policy holder a fixed amount in case the policy holder dies. The policyholder is required to pay premiums to get this agreement started and be in force.

What are LIC plans?

LIC Term Assurance Plan is a life insurance protection plan , which provides financial protection to the family of the insured at an affordable premium rate. Under this plan, a death benefit is offered to the beneficiary of the policy, in the event of unfortunate death of the insured person during the tenure of the policy.