These 3 LIC Schemes May Just be the Ones You Were Looking for

When it comes to investments, we always look for those which not only keep our money safe but also generate positive returns over time. There is a whole range of investment plans out there and it can be an intimidating task to decide and choose what is best suited for you. LIC (Life Insurance Corporation) is generally considered to be the safest and most reliable when it comes to insurance plans. Apart from getting good life insurance coverage, you can also save for yourself. LIC has various schemes, each with a different target market and benefits. Here, we list three LIC plans from which you can get good returns.

LIC New Jeevan Anand

In LIC New Jeevan Anand plan, you get guaranteed returns along with security. The age to invest in this scheme should be between 18 to 50 years. The policy term can be anywhere between 15 to 35 years. The sum assured under this plan can range from Rs 1 lakh to an unlimited amount, and the maturity age is 75 years.

LIC Jeevan Umang

The policyholder is insured till the age of 100 years under LIC Jeevan Umang Jeevan Bima Plan. The primary advantage of this plan is that it provides both money and insurance coverage to aid the insured’s family in their absence. In the event of an emergency, the assured benefits act as a reliable financial safety net. By purchasing this policy, the policyholder can guarantee lifetime annual income for himself or his children till the age of 100 years. These benefits are assigned for survival for each year until the coverage expires.

LIC New Children Money-Back Plan

This is a standard money-back child plan which provides financial security to the children. The policy can be taken by a parent or legal guardian on behalf of a child between the age of 0 to 12 years. In this plan, you can invest from Rs 1 lakh to unlimited amount. The age of maturity is 25 years.

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