10 Best LIC Plans To Invest And Boost Your Protection In Pandemic- 2021

10 Best LIC Plans To Invest In 2021

10 Best LIC Plans To Invest In 2021

LIC Policy Name	Plan Number	Type of Plan
LIC Tech-Term	Plan 854	Term Insurance plan
LIC SIIP	LIC Plan 852	ULIP
LIC Bima Jyoti	LIC Plan 860	Life Insurance Savings Plan
LIC Cancer Cover	LIC Plan 905	Health Insurance Plan
LIC Jeevan Akshay VII	LIC Plan 857	Immediate Pension Plan
LIC New Jeevan Shanti	LIC Plan 858	Deferred Pension Plan
Pradhan Mantri Vaya Vandana Yojana	–	Pension Plan
LIC Saral Jeevan Bima	LIC plan 859	Term Life Insurance
LIC Bachat Plus	LIC plan 861	Endowment
LIC Nivesh Plus	LIC Plan 849	ULIP

LIC Tech-Term

The LIC Tech Term Plan, also known as Plan 854, is an online-only plan that cannot be purchased offline. The LIC Tech Term Plan is less expensive than other term plans offered by the Life Insurance Corporation because it can only be purchased online. LIC’s Tech-Term is a non-linked, profit-free “Online Term Assurance Policy” that protects the insured’s family financially in the event of his or her untimely death.

LIC SIIP

It’s a fund with a unit-linked component (ULIP). This means that no refunds are guaranteed. Premium allocation charges, Mortality charges, fund management charges, switching charges, partial withdrawal charges, and other fees were included in this plan. You can choose from four different funds (Bond Fund, Secured Fund, Balanced Fund, Growth Fund).

LIC Bima Jyoti

LIC Bima Jyoti (Plan No.860) is an Individual, Limited Premium Payment, Non-linked, Non-participating Life Insurance Savings Plan. Throughout the policy term, Guaranteed Additions will accrue at the rate of Rs.50 per thousand Basic Sum Assured at the end of each policy year. This plan is available at a discounted rate through online or agents. Accidental Death and Disability Rider Benefit, Accident Benefit Rider, New Critical Illness Benefit Rider, are some of the rider options.

LIC Cancer Cover

LIC Cancer Cover is a non-linked, non-participating health insurance plan. This is a fixed-benefit health plan that pays out for cancer treatment. In the event that a customer is diagnosed with cancer, this plan will provide benefits regardless of the treatment costs. LIC Cancer Cover protects you from cancer in its early stages and later stages. The benefits are determined by the stage of cancer that you have been diagnosed with.

LIC Jeevan Akshay VII

LIC Jeevan Akshay VII an annuity plan that pays out right away. It’s a one-time-only, non-linked, non-participating, and individual instant annuity plan. Policyholders can choose from ten different annuity options after receiving a lump sum payment. The plan stipulates that the annuitant will receive a set amount of annuity payments for the rest of his or her life. This plan is available both online and in person.

LIC New Jeevan Shanti

LIC launched its new pension plan, LIC New Jeevan Shanti. It’s a deferred pension plan with a single premium. At the time of purchase, the pension rates are guaranteed. The maximum deferment period is 12 years, and the maximum vesting period is 80 years, as you may have noticed. The second thing to keep in mind is that if you choose a half-yearly, quarterly, or monthly pension, your pension will be reduced. The policy can be surrendered as well.

Pradhan Mantri Vaya Vandana Yojana

The Life Insurance Corporation of India (LIC), India’s largest life insurance provider, operates and manages PMVVY, a retirement and pension scheme. The purchase price is the amount of money invested by the scheme’s buyers. The scheme offers a guaranteed rate of return on investment because the sovereign backs it. The scheme pays out a regular pension on a monthly, quarterly, or annual basis. Traditional bank deposits can be replaced with the PMVVY.

LIC Saral Jeevan Bima

Saral Jeevan Bima Policy, a standard term insurance plan, has been launched by LIC. These term life insurance plans are designed to provide pure risk coverage with no requirements for providing documentation when purchasing the policy. The Saral Jeevan Bima (Plan No.859) plan is ideal for those looking to purchase coverage of up to Rs.25 lakh.

LIC Bachat Plus

Bachat Plus is a Non-Linked, Participating, Individual Life Assurance Savings plan offered by LIC. The premium for this plan can be paid as a lump sum (single premium) or as a limited premium with a 5-year premium payment term. The proposer will have two options for “Sum Assured on Death” under each of these premium payment options.

LIC Nivesh Plus

A unit-linked insurance plan (ULIP) is a type of insurance that is linked to the performance of the stock market (ULIP). This means that no refunds are guaranteed. This is a combined insurance and investment strategy. The amount guaranteed to be paid when the plan matures. You will not be eligible for complete tax breaks for the premiums paid and the maturity amount if the Basic Sum Assured in the plan is less than 10 times the annual premium.