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LIC Plans

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LIC Plans

1. Endowment Plans-

The endowment plan is a type of insurance policy that offers both term coverage and maturity benefits. In the event of the policyholder’s death, the beneficiary receives the Sum Assured along with any accrued bonuses. However, if the policyholder survives until the maturity date, the same Sum Assured and bonuses are paid out.

2. Child Protection Plans

LIC’s Children Plans offer a reliable means of safeguarding and planning savings for your children’s future needs, including their upbringing, education, career, marriage, and more. These plans provide a range of options to meet your specific goals and ensure your children’s financial well-being.

3. Whole Life Plans

Whole life plans, as their name implies, offer life cover for the entire duration of a person’s life. These plans are designed to provide financial protection and security throughout one’s lifetime. They come with various premium options to suit the needs and preferences of individuals. With whole life plans, individuals can ensure that their loved ones are protected and financially supported even after they are no longer around

4. Retirement Solutions

Prepare for a rewarding and self-reliant retirement by opting for our comprehensive range of Immediate and Deferred Annuity plans. These plans are tailored to meet your specific retirement requirements and ensure a secure financial future. Whether you seek immediate income post-retirement or wish to accumulate funds for a later stage, we offer flexible options to suit your needs. Take control of your retirement and plan ahead for a fulfilling and independent retired life.

5. Health Insurance Plans

LIC offers a variety of perfect plans that meet insurance and financial needs. These plans provide regular cash inflows at predefined intervals, ensuring financial stability. They combine insurance coverage with savings and cater to specific goals like education, wedding, or retirement. LIC’s perfect plans offer flexibility and security, providing a steady income stream for individuals.

5. Pure Protection Plans

Pure Protection Plans offered by LIC are designed to provide life cover exclusively, with low premiums. These plans come in various options, including short-term, long-term, and convertible plans. They prioritize providing financial protection to the policyholder’s loved ones in the event of an unfortunate loss of life. By focusing solely on life cover, these plans offer affordability and ensure that individuals can safeguard their family’s financial future without any additional frills or investment components.

6. Money Back Plans

LIC offers a range of comprehensive plans to cater to individuals’ insurance and financial needs. These plans provide regular cash inflow at predefined intervals, ensuring financial stability. With a variety of options available, LIC plans are designed to meet the diverse requirements of individuals and provide them with peace of mind. 

8. ULIP Plans

ULIP plans are investment-cum-insurance plans that help you grow your savings and provide life insurance coverage. They offer potential returns through market-linked investments and provide tax benefits. Ideal for those who value their hard-earned money and want to save for the future