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HomeUncategorizedThese 5 plans of Life Insurance Corporation of India are beneficial for...

These 5 plans of Life Insurance Corporation of India are beneficial for salaried class, know what are the terms and conditions

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The customer must have basic knowledge before taking the plan. ‌ These plans are especially for professionals. The most important thing is to prepare a plan in advance so that the plan can be easily run ahead.




In view of the increasing uncertainties of life in the Corona period, insurance cover now seems more mandatory than before. In such a situation, LIC is offering several types of insurance plans. These include Pure Term, Akshay Nidhi, Limited Pay Plans, Staggered Payout Plans etc. Although the customer must have basic knowledge before taking the plan. ‌ These plans are especially for professionals. The most important thing is to prepare a plan in advance so that the plan can be easily run ahead. Let’s know, which plans of LIC can be better for salaried class…




Take Term Plan: This is a pure risk premium plan. It is an online term policy and is cheaper than offline plans. If the policy holder wants to double the sum assured under this plan, he can do so by paying 25 to 30% more premium. This policy allows the customer to purchase an accident rider as well. In this, the customer is also given the option of taking the accident amount received after the death in installments instead of taking it simultaneously. For this, he has to choose a period of five or 10 or 15 years. In this scheme, the customer can pay installments yearly, half-yearly or quarterly.



New Jeevan Anand: LIC’s New Jeevan Anand also has many similarities like Take Term Plan. If the policy holder dies in the middle of the policy term, the nominee is given a guaranteed and integrated bonus. If the policy holder survives during its entire term, he will be given a guaranteed principal amount along with a deposit bonus. This plan gives the customer the option to revive the policy for 2 years after the first unpaid premium. To restart the policy, the policy holder can pay all his premiums along with interest and other charges. This policy allows its customer to surrender anytime after 3 years of full payment of premium and avail the surrender value.



Jeevan Amar: It is a combination of policy saving and protection. This policy provides life cover till death to the customer. It is considered more affordable than other plans. This plan can be a part of the special interest for women as women are getting 10 to 20% discount in it. People who want to buy more amount in this have also been given big discounts in it. Up to 20% discount is being given to the customer on an amount of 1 crore rupees.

Jeevan Umang: This plan pays a huge amount on annual benefits and death of the customer till the completion of the premium. It is one of the few plans that provides 100 years of life cover. This plan offers a fixed money back of 8% per annum. This plan is of special importance for those who are thinking of pension facility after retirement.



Life benefit: Under this plan, the policy gets a hefty amount on completion. If the customer dies before the policy is completed, his family is given financial help. In this the policy holder participates in the dividend of LIC. Under the policy, the nominee gets the final additional bonus. The customer is also given an annual discount of 2% based on the mode of premium payment. However, these premiums do not come under the benefit of section 80C of income tax.

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