Top 5 LIC Savings Schemes: These schemes are best for the long term, and come with an insurance plan..

LIC Jeevan Anand: If you want excellent life insurance on a budget, this policy is right for you. It can be started for just ₹45 per day or ₹1,358 per month. This policy allows you to build a future corpus of up to ₹25 lakh. The minimum term is 15 years, and a lump sum is paid along with bonuses upon maturity.

LIC Jeevan Shiromani: This is a premium plan for high-income individuals. It offers a shorter investment period and a longer benefit period. You can choose a sum assured of up to ₹1 crore. For example, if you are 30 years old and take out a 20-year policy, you will have to pay an annual premium of approximately ₹7.59 lakh. The premium is only paid for 4 years, but the benefits are available for the entire 20 years.

LIC New Endowment Plan: This scheme is for those who focus more on investments than insurance. It offers both savings and security. This is a low-risk plan that offers fixed returns and bonuses. If you want a safe investment with guaranteed returns, this plan is perfect for you.

LIC Jeevan Umang: If you want to continue your income even after retirement, this is the best option for you. This plan provides an 8% guaranteed money-back every year after paying the premium, and this income continues for life. In the event of the policyholder's death, the family receives complete insurance coverage.

LIC Jeevan Tarun: If you are concerned about your children's education, marriage, or future needs, this plan is especially suitable for you. Investments are made until the child is 25 years old. Under this policy, the child receives a certain amount (money back) every year from the age of 20 to 25, and at the end, a lump sum is also given along with bonuses.

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