LIC Schemes: 5 Awesome Schemes of LIC; Worries about retirement, children’s education and savings are over!

LIC Schemes | Although there are many investment options available today, Life Insurance Corporation of India i.e. LIC is still the first choice of millions of Indians in terms of safety and reliability. Fluctuations in the stock market, financial uncertainty and rising inflation make many investors look for schemes that offer guaranteed returns and financial protection. In such a situation, various schemes of LIC are playing an important role in providing insurance cover along with savings, and meeting future financial needs.

Interestingly, LIC’s schemes are not limited to death protection, but are also useful for important financial goals like children’s education, marriage, home purchase, retirement planning and regular income. Today we are going to tell you about some such schemes of LIC which will give you great benefits in future.

Maintaining financial independence after retirement is a big challenge for everyone. For this, LIC’s ‘Jeevan Umang’ scheme can be a useful option. In this scheme, after paying the premium for a fixed period, the insured starts getting regular income every year. Interestingly, this benefit can continue till the age of 100. This scheme can be a source of long-term stable income for individuals who want financial support like pension after retirement. LIC Schemes

2) Enjoy New Life

LIC’s ‘New Jeevan Anand’ scheme is considered to be one of the most popular schemes. The feature of this scheme is that the insured continues to get lifetime risk protection even after the policy term expires. That is, life insurance coverage continues even after the maturity amount is received. Hence, this scheme can be especially beneficial for individuals who are concerned about the long-term financial security of their family. According to experts, if the right period and sum assured are chosen, the benefit from this scheme can be up to Rs 20 to 22 lakhs.

3) New Endowment Scheme

LIC’s ‘New Endowment’ scheme is considered to be a popular scheme that balances insurance coverage and savings. This scheme provides sum assured, bonus and other benefits after the completion of the policy term. Hence, it is a great option for people who have long-term financial planning. For example, if a 35-year-old person takes out a policy for an insurance cover of Rs 10 lakh, the annual premium may be around Rs 39 thousand. The amount received after maturity may be more than the original investment.

4) Life benefit

For investors who want to reap benefits for a longer period of time by paying relatively low premiums, ‘Jeevan Labh’ schemes are considered particularly attractive. In this plan, the premium is paid for a limited period, but the protection and benefits are extended. According to experts, the returns through this scheme are considered to be better than many conventional schemes of LIC. Hence, the scheme is steadily increasing in popularity among investors looking for safe investment and satisfactory returns. LIC Schemes

5) Life goal plan for children’s future

It is the dream of every parent that their children’s education and future should be fulfilled without financial difficulties. LIC’s ‘Jeevan Lakshya’ scheme is designed for this purpose. The biggest feature of this scheme is that in case of unfortunate death of the policyholder, the family is not responsible for paying further premium. LIC itself continues the policy and after maturity the entire benefit goes to the family. This scheme is considered beneficial for children who want to pursue higher education, study abroad or raise funds for child marriage.