LIC Policy / Invest in this salary based scheme, you will get coverage for 100 years

Life Insurance Corporation of India (LIC) has introduced plans for the salary class that provide coverage up to 100 years and guaranteed returns. These include Jeevan Shiromani, Jeevan Anand, Jeevan Azad and Jeevan Umang policies. These plans are suitable for those looking for safe investments and stable returns.

LIC Policy: Life Insurance Corporation of India (LIC) has introduced such plans for the salaried class people, which provide coverage up to 100 years with security on investment. The specialty of these plans is that they are not affected by the fluctuations of the market and the investor gets a big amount on time.

LIC, the country's largest insurance company, provides suitable policies for every class. Investment in these is completely safe and guaranteed returns are available on completion of the policy term. Let us know about these special plans in detail.

1. LIC Jeevan Shiromani Policy

This is a non-linked, individual life insurance savings plan, designed for the high-income group. In this scheme, a minimum monthly premium of Rs 94,000 has to be paid for a sum assured of Rs 1 crore. The premium has to be deposited only for 4 years and there is no limit on the maximum premium.
Age limit: 18 to 55 years as per the policy term.
Benefits: 30% to 45% of the basic sum assured is paid on fixed years during the policy. The remaining amount is paid on maturity.

2. LIC Jeevan Anand Policy

This is a term plan policy that gives better returns at a low premium. A fund of up to Rs 25 lakh can be created in the future by investing only Rs 45 daily.
Monthly premium: Rs 1,358.
Minimum period: To get the benefit of bonus, it is necessary to run the policy for at least 15 years.

3. LIC Jeevan Azad Policy

This scheme has become very popular since its launch. In this, investment has to be made for a period of 15 to 20 years.
Sum Assured: Minimum Rs 2 lakh and maximum Rs 5 lakh.
Age limit: 90 days to 50 years.
Benefits: The entire amount is given in lump sum on maturity. The policy can also be taken in the name of children.

4. LIC Jeevan Umang Policy

This is a Whole Life plan, which provides protection as well as regular income every year.
Benefits: After completion of the premium term, the policyholder gets an income of 8% of the sum assured every year.
Coverage: Up to 100 years.
Age limit: 3 to 55 years.
Minimum sum assured: Rs 2 lakh.
Special feature: Lump sum payment on maturity or death.