Best LIC Plans to Invest in 2024
Life insurance is very important as a healthy and secure life. One should definitely invest in life insurance. It provides your family or relatives with the necessary financial security in case of your demise. In India, some people consider life insurance as an expense. Such people should ask themselves the question that what will their family and loved ones do in case of their demise. If you are the only breadwinner in your family then how will they manage their life. The straight answer to this is a life insurance policy.
Expert Advice: To select the best LIC plan from all the available options, it is advisable to first understand the reason for buying the policy which includes the major reasons i.e. to provide financial support to the family after demise and to earn regularly.
LIC Jeevan Amar
Policy was launched by Life Insurance Corporation of India in August 2019. It is a term life insurance plan. It does not provide any kind of return or maturity to the insured. Rather, it provides the necessary financial support to the family in case of the demise of the insured. It is a non-participating and non-market linked term life insurance plan that provides a wide variety of options to the insured as compared to other insurance companies.
LIC Tech Term Plan Policy is a term life insurance policy that is available for online purchase. It works in providing complete financial support to the insured family in case of any unfortunate or unforeseen event. You can buy this term plan only through the online application process and no agent is required for this.
LIC New Children's Money-Back
is a profit-giving plan that is not linked to the stock market. It is specially designed to meet the marriage, educational and other requirements of raising children through survival benefits. Additionally, you will get a life risk cover for your child and several benefits for survival till the end of the specified term. You can pay regular premiums annually, half-yearly, quarterly or monthly through ECS or through SSS mode. If you have paid the premium amount for the initial three years, the policy can be surrendered at any time during the policy term.
