Top 8 LIC Policies in 2022 - [OFFICIAL] Policies To Invest
Top 8 LIC Policies in 2022 - [OFFICIAL] Policies To Invest

Top 8 LIC Policies in 2022 – [OFFICIAL] Basic Policies To Invest

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When it comes to purchasing a life insurance plan, “LIC Policies in 2022” are the most popular option for customers. LIC Policies is one of the most trusted and leading insurance companies in India. The company has a strong customer base of more than 250 million and has the largest share of the life insurance market.

The LIC Policies offer a comprehensive solution for the insurance needs of all buyers. Life Insurance Corporation of India (LIC) offers a wide range of insurance products to meet the different needs of insurance buyers. Depending on needs and choices, customers can choose from a variety of LIC Policies, from pure protection to life plans, subsidies, and refund plans. Among the various LIC Policies issued by the company, there are some of the best plans that offer comprehensive coverage.

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Top 8 LIC Policies in 2022 List

8 Best LIC Plans List For 2022
LIC Policies in 2022

In order to select the best LIC Policies, buyers must compare plans and go through LIC policies in detail. Here we explain in detail the main plans of the LIC.

1. Tech Term Plan – LIC Policies in 2022

This LIC policy is a profitable, unrelated net protection plan that provides financial security to the insured’s family in the event of his unfortunate death. The Tech Term LIC Policies are only available through the online application process and no intermediaries are involved. Below are the benefits and features of LIC policies.

Features of LIC Tech Term Policy = Let’s take a look at some of the key features of the LIC Tech Term Plan.

  • The Tech Term LIC Policies offers the flexibility to choose from two options to die to death, ie. Level as insurer and increase as insurer.
  • The policyholder can choose different premium payment options to pay the premium.
  • The plan offers special prices for women.
  • The plan offers the opportunity to increase coverage by opting for a random advantage for the rider.
  • It offers the advantage of an attractive discount on a higher guaranteed amount

Eligibility Criteria of the Tech Term Plan

Entry Age Maturity AgeSum Assured LIC Policies Term
Minimum18 years N/ARs. 50,00,000/-10 years
Maximum65 years 80 years No limit 40 years
LIC Policies in 2022 Eligibility Criteria

2. Jeevan Umang – LIC Policies in 2022

2. LIC Policies - Jeevan Umang
2. LIC Policies in 2022 – Jeevan Umang

As one of LIC’s best plans, LIC Jeeva Umang is a participatory, unrelated, individual life insurance plan that offers combined income benefits and family protection. The plan provides the policyholder with annual survival benefits from the end of the premium period until the maturity date of the policy. In addition, a lump sum is paid to the insured as a due date during the maturity date of the policy or a death benefit is paid to the named person if the insured dies during the policy. Let’s look at the features and benefits that this policy offers.

Features of LIC Jeevan Umang

  • The plan offers the opportunity to receive the death benefit in installments.
  • Various driving options can be used to increase insurance coverage.
  • The plan offers the option to pay premiums through regular premium payments or through payroll deductions during PPT insurance.
  • Tax benefits can be used under U / S 80C and 10 (10D) of the Income Tax Act.
  • It offers the advantage of an attractive discount on a higher guaranteed amount.

Eligibility criteria in LIC Jeevan Umang

Entry AgeMaturity age Sum AssuredPremium Paying Term
Minimum90 Days (completed)100 years Rs. 2,00,000/-15 years

Maximum55 years80 years No Limit 30 years
LIC Policies in 2022 Eligibility Criteria

3. Jeevan Amar – LIC Policies in 2022

3. LIC - Jeevan Amar
3. LIC Policies in 2022 – Jeevan Amar

As one of LIC’s best-selling policies, LIC has Jeevan Amar Profit, an unrelated net protection plan that gives policyholders the flexibility to choose from two different benefit options. The plan provides the insured with comprehensive family insurance coverage in the event of any event. The plan secures the family’s financial future and secures future family liabilities even in the absence of the policyholder. Here are the features and benefits offered by the policy.

Features LIC Jeevan Amar = Below are some of the key features offered by the policy.

  • The Jeevan Amar LIC plan offers the flexibility to choose from two different options for death benefits, ie the sum assured and the increased sum assured.
  • The plan offers the flexibility to choose different premium payment options, ie. one-off, regular or limited (premium payment period).
  • The life insurance company may decide to receive the death in installments.
  • Special policy discounts are offered to policymakers.
  • The plan offers the advantage of attractive discounts on a higher guaranteed amount.
  • Additional insurance benefits may opt for a plan to improve insurance coverage.

Eligibility Criteria of the LIC Jeevan Amar

Entry Age Maturity age Sum Assured Policy Term
Minimum18 yearsN/ARs. 25,00,000/-10 years
Maximum65 years 80 years No Limit40 years
LIC Policies in 2022 Eligibility Criteria

4. Money-Back 25 Years – LIC Policies in 2022

4. LIC - Money-Back 25 Years
4. LIC Policies in 2022 – Money-Back 25 Years

This is a limited premium payment, without participation, an individual life insurance plan that offers an attractive combined benefit of insurance coverage and a refund in the form of a regular payment. This combined benefit provides financial assistance to the family in the event of the unfortunate death of the insured and also provides a lump sum on the due date of the insurance if the insured lasts for the entire duration of the insurance. The plan also provides for liquidity requirements through the lending facility. The following are the features and benefits offered by the policy.

LIC Functions Money Back 25 Years = Below are some of the key features offered by this policy.

  • The 25-year LIC with a refund offers a settlement option to obtain maturity, which means that the insured maturity can receive benefits in terms of a selected period of 5 years, 10 years, or 15 years.
  • The plan offers the possibility to draw death benefits in installments.
  • The policyholder can take advantage of the credit line.
  • Discounts are available for higher guaranteed amounts.
  • The plan offers the option to pay premiums through regular premium payments or through payroll deductions during PPT insurance.
  • Tax benefits can be used under U / S 80C and 10 (10D) of the Income Tax Act.

Eligibility Criteria of the LIC Money Back 25 years Plan

Entry Age Maturity Age Sum Assured Policy Term
Minimum13 years N/A Rs. 1,00,000/-25 years
Maximum45 years70 yearsNo limit
LIC Policies in 2022 Eligibility Criteria

5. New Jeevan Anand – LIC Policies in 2022

5. LIC - New Jeevan Anand
5. LIC Policies in 2022 – New Jeevan Anand

LIC New Jeevan Anand is an unlinked participation plan that offers the combined benefit of protection and savings. The plan provides financial protection for the insured’s family in the event of the insured’s unfortunate death. In addition, as one of the best life plans, LIC new Jeevan Anand also provides an adult benefit to the insured if he can live for the duration of the insurance policy. The plan also addresses the liquidity needs of the family through the credit facility. The following are the features and benefits offered by the policy.

Features of LIC New Jeevan Anand = Let’s look at some of the key features of the policy.

  • The plan offers the opportunity to receive death in installments.
  • The plan offers the option to pay premiums through regular premium payments or through payroll deductions during PPT insurance.
  • The plan offers the benefit of discounts on a higher guaranteed amount.
  • Tax benefits can be used under U / S 80C and 10 (10D) of the Income Tax Act.
  • The policyholder can take advantage of the credit line.
  • The insurance can be filed at any time, as long as the premium is duly paid for a full two years.
  • The policy offers a free tracking period of 15 days from the start date of the LIC plan. The policyholder can cancel the insurance if he is not satisfied with the conditions of the insurance.

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Eligibility Criteria of LIC New Jeevan Anand

Entry Age Maturity AgeSum Assured Policy Term
Minimum 18 years N/ARs. 1,00,000/-15 years
Maximum 50 years 75 years No limit 35 years
LIC Policies in 2022 Eligibility Criteria

6. Jeevan Shanti – LIC Policies in 2022

6. LIC - Jeevan Shanti
6. LIC Policies in 2022 – Jeevan Shanti

One of its most important retirement plans – Is the New Jeevan Shanti of LIC (Plan No. 858), an unrelated, lump-sum, deferred annuity plan that allows the policyholder to choose between Single Life and Joint Life Annuities. Annuity rates are guaranteed by policyholders at the beginning of the policy and are paid out after the deferral period for the life of the annuitants.

This policy was launched on October 21, 2020. Previously, LIC Policies Jeevan Shanti was available in two different variants – immediate and deferred annuity, where variant A to variant J was under the immediate annuity. Choice. With the release of the new policy, the proposed annuity option is available under LIC’s New Jeevan Shanti plan.

Features and Benefits of LIC Policies Jeevan Shanti

  • In LIC Policies Jeevan Shanti, annuity rates are guaranteed at the beginning of the annuity plan policy, which is paid for the duration of the annuity (annuity).
  • As with investment goals, this policy offers nine different annuity options to choose from.
  • Annuity rates are set at the beginning of the insurance period
  • After one year of insurance, it is also possible to use a credit facility that provides liquidity.
  • If an annuity option with a return on the purchase price is chosen three months after the end of the insurance, this insurance can be provided.
  • LIC Policies Jeevan Shanti is suitable for policyholders with life dependent on disability (Divyangjan)
  • It is available online and offline

Eligibility Criteria of LIC Policies Jeevan Shanti

Entry Age Vesting AgeDeferment Period Purchase Price
Minimum 30 Years31 years 1 yearRs.1,50,000
Maximum79 years 80 years12 years subject to maximum vesting age No Limit
LIC Policies in 2022 Eligibility Criteria

7. Jeevan Labh – LIC Policies in 2022

LIC - Jeevan Labh
7. LIC Policies in 2022 – Jeevan Labh

LIC Jeevan Labh is a profitable, unconnected, and participatory grant plan where you have to pay premiums for a limited time. The plan offers a number of benefits, including death benefits, maturity dates, and the provision of credit to meet the policyholder’s liquidity needs. It is a combination of money protection and savings within one plan.

Here are its features and benefits:

  • It serves a dual purpose: protection and preservation.
  • A death Benefit offer is an amount that the beneficiary promises to pay in the event of an unexpected death of the policyholder.
  • It includes the maturity benefit as a lump sum to be paid to the policyholder upon completion of the plan.
  • Liquidity is guaranteed by the credit facility.
  • Policyholders are entitled to simple refund bonuses if the policy is paid.
  • The final (additional) bonus will also be paid at the time the claim is settled in the event of the policyholder’s death or the policy expires.
  • Riders for complete protection.

8. New Children’s money-back Plan – LIC Policies in 2022

LIC Policies - New Children's money-back Plan
LIC Policies in 2022 – New Children’s money-back Plan

The new LIC children’s refund plan is a refund plan that is not linked to participants. It is specially designed to meet the marital, educational, and other needs of raising children through survival benefits. In addition, you gain a life risk for your children and many benefits so that you can live until the end of a set period. You can pay regular premiums annually, semi-annually, quarterly or monthly through ECS or SSS schemes. If you have paid premiums in the first three years, the insurance contract can be submitted at any time during the insurance period.

Here are the features of the LIC New Children’s Money Back Plan

  • The maximum amount secured is not limited.
  • The credit line is available for the first 3 consecutive years from the full payment of the premium.
  • As a contribution to survival, this plan is responsible for repaying money at set intervals.

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Conclusion

LIC Policies offers a wide range of insurance plans that allow a person to quickly choose the one that best suits their financial needs, liquidity needs, retirement needs, and more. financial burden. It is therefore advisable that you gain access to your needs and requirements before purchasing a plan so that you can make a better and more informed decision.


Is it advisable to Invest in a LIC Plan?

Ans. Yes, LIC gives one of the most suitable life insurance policies. If you are searching for a life cover + investment component in one plan, you can consider a ULIP or Endowment option according to your risk appetite and financial goals.

Can I Take LIC Jeevan Labh Policy? Is it any good?

Ans. Yes. The LIC Jeevan Labh policy gives maturity and death benefits with an extra profit participation bonus. This policy has been highly rated as among the best-selling endowment policies given by LIC. It is meant for a group of 8-59 years. This policy provides a plethora of benefits to the insured.

How to calculate the LIC maturity amount?

Ans. The simple way is Amount Assured + Bonuses + Final Additional Bonus (if applicable). 

What is the best LIC policy for 5 years?

Ans. LIC’s Bhagya Lakshmi Plan is a 5-year policy, you can consider it.

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