Which term insurance of LIC is Best?

There are many term insurance plans offered by LIC (Life Insurance Corporation of India) that you can choose from, depending on your specific needs and budget. Some of the most popular term insurance plans offered by LIC. You can check it and choice is your.

1.LIC’s e-Term Plan:

This is a pure term insurance plan that offers high coverage at an affordable premium. You can choose the sum assured and policy term as per your requirement.

2.LIC’s Amulya Jeevan II Plan:

This is also a pure term insurance plan that offers high coverage at an affordable premium. Under this plan, the premium rates are the same for all age groups and the sum assured is also high.

3.LIC’s Jeevan Amar Plan:

This is a non-linked, non-participating, pure term insurance plan that offers high coverage at an affordable premium. Under this plan, the premium rates are the same for all age groups.

4.LIC’s Jeevan Tarun Plan:

This is a term insurance plan for children between the ages of 91 days and 12 years, that provides financial support to the child in case of the untimely death of the parent.

5.LIC’s Jeevan Labh Plan:

This is a non-linked, non-participating endowment plan that offers a combination of savings and protection. The premium rates under this plan are lower as compared to other endowment plans.

6.LIC’s Anmol Jeevan II Plan:

This is a non-linked, non-participating, pure term insurance plan that offers high coverage at an affordable premium. The premium rates under this plan are lower as compared to other term insurance plans, making it an attractive option for those looking for a cost-effective solution.

7.LIC’s New Term Assurance Rider:

This is a term insurance rider that can be added to an existing LIC policy. It provides additional coverage at a nominal cost, making it a convenient option for those looking to enhance their existing coverage.

8.LIC’s Jeevan Akshay VI:

This plan is a non-linked, non-participating, immediate annuity plan. You can get fixed pension for rest of your life by paying lump sum amount. It is also known as Purchase of annuity plan.

9.LIC’s Jeevan Umang Plan:

This is a non-linked, non-participating, endowment assurance plan which offers the twin benefits of protection and savings. Under this plan, the premium rates are lower as compared to other endowment plans.

It’s important to note that which term insurance plan is the best for you depends on your individual needs and circumstances. It’s always a good idea to compare different options and speak with a financial advisor before making a decision.

Again, it’s important to keep in mind that these are just a few of the many term insurance plans offered by LIC, and the best option for you will depend on your individual needs and circumstances. It’s always a good idea to compare different options and consult with a financial advisor before making a decision.

For More About all Plans To go LIC official Website : www.licindia.com

 

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