Build a Large Fund with Low Premiums: 5 Amazing LIC Schemes Offering Guaranteed Lifetime Returns

LIC Plans: Many LIC schemes allow you to start investing with a small amount, offering the dual benefits of insurance and savings, along with potential bonuses in some cases. These plans are useful for children's needs, retirement planning, and family security.

LIC New Jeevan Anand: If you wish to secure your family's future by depositing a modest amount, certain LIC schemes could be ideal for you. LIC offers several policies that combine insurance coverage with the benefit of savings; some plans even include bonuses.

LIC schemes are designed to cater to diverse needs. Whether one wants to save for a child's education or seeks financial support post-retirement, there are suitable options available. Similarly, there are choices designed to ensure family security.

'New Jeevan Anand' is one of LIC's well-known schemes. It offers life insurance alongside savings. A unique feature of this plan is that the life insurance cover can continue even after the policy term ends, subject to the scheme's rules.

What are the benefits?

Upon the completion of the policy term, the maturity amount is paid out. Additionally, bonuses may be awarded in accordance with the rules. This plan helps in long-term savings and provides financial security for the family.

With this plan, you do not have to pay premiums for the entire duration of the policy. Premiums are payable only for a fixed period, while the policy itself continues.

Who is it suitable for?

It is a good option for those who wish to complete their premium payment obligations early while continuing to save for the long term.

This lifetime plan offers insurance security for one's entire life along with the option to receive periodic payouts in the future. Once the premium payment term concludes, payouts may be received annually, subject to the rules. It can be particularly useful for those saving for retirement.

Plans like 'Jindagi Hasil' can be opted for to cover expenses related to children's education, careers, or weddings. These plans offer the dual benefit of savings and life insurance. In the event of the policyholder's death, the family receives benefits in accordance with the plan's terms.

Things to consider before purchasing a policy

The terms and benefits vary for each LIC plan; therefore, one should thoroughly understand the premiums, tenure, and benefits before purchasing a policy.