LIC's 5 Best Schemes: No Fear of Losing Your Money—Expect Massive Returns..

In today's times, everyone seeks to invest their hard-earned money in avenues that offer both security for their capital and substantial returns. Amidst the volatility of the stock market, the Life Insurance Corporation of India (LIC) remains the most trusted name for Indian families. If you, too, wish to financially fortify your future and that of your family without taking on significant risks, certain specialized LIC schemes are designed specifically for you. Beyond providing insurance coverage, these schemes can evolve into a robust source of income for you over the long term. Let us explore five of the best LIC policies that possess the potential to cater to your diverse financial requirements.

LIC Jeevan Anand: 

If you have a limited budget but are in search of a robust life insurance policy, this plan is the perfect fit for you. You can get started by paying a daily premium of just ₹45—or ₹1,358 per month. This modest sum can accumulate into a substantial corpus of up to ₹25 lakhs for you in the future. The minimum policy term for this scheme is 15 years, and upon maturity, you receive a lump sum payout inclusive of bonuses.

LIC New Endowment Plan: 

This serves as an excellent option for individuals who wish to safeguard their savings while simultaneously expecting assured returns. This scheme has been primarily designed with investors in mind whose primary focus lies on the security of their investment capital. As a low-risk plan, it offers you the dual benefit of life insurance coverage combined with fixed returns and bonuses.

LIC Jeevan Shiromani: 

For those with a substantial income who desire a premium level of financial protection, this is a magnificent non-linked life insurance plan. Its most distinctive feature is that it entails a shorter investment tenure while offering an extended period for receiving returns. Under this plan, one can opt for a Sum Assured of up to ₹1 crore. For instance, if a 30-year-old individual opts for this policy for a term of 20 years, they would be required to pay an annual premium of approximately ₹7.59 lakhs for just four years, while the benefits of the policy would continue to accrue for the entire 20-year duration.

LIC Jeevan Umang:

To ensure that there is no financial crunch post-retirement and to maintain a steady stream of income, Jeevan Umang stands out as an excellent lifetime income plan. Once the premium payment period concludes, this scheme begins providing a guaranteed annual 'money-back' benefit of 8%. This income continues to be paid to you for the rest of your life. Additionally, in the unfortunate event of an unforeseen tragedy, comprehensive insurance coverage is also provided to the family.

LIC Jeevan Tarun:

Every parent is naturally concerned about their children's higher education and marriage. To alleviate these worries, 'Jeevan Tarun' offers a highly secure and reliable solution. Under this plan, investments are made until the child reaches the age of 25. During the crucial phase between the ages of 20 and 25, the child receives a fixed annual amount in the form of a 'money-back' payout. Subsequently, upon the maturity of the policy, a substantial lump sum—inclusive of accrued bonuses—is paid out, serving as a valuable financial resource at the commencement of their career.

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