Lic policy: Since Corona epidemic, awareness about life safety among people has increased rapidly. Especially those who are dependent on jobs or fixed salary, life insurance policy has now become a need, not just investment, but. In such a situation, some schemes of Life Insurance Corporation of India (LIC) are proving to be very beneficial for salary class. These plans are not only economical, but in the long run, many benefits like safety and bonuses. Let’s know the benefits of these LIC policy.
Life immortal plan
It is a pure term insurance plan that can be purchased online, which reduces its premium rates. In this, if the policyholders want, you can double the sum assured by paying about 25-30% more premium. It also has an option of accident rider. On death, the insurance amount can not be taken together in installments of 5, 10 or 15 years, not together. The special thing is that women also get 10% to 20% discount.
Life profit plan
This is an endowment plan in which the amount is found together on maturity. If the policyholder dies, the family gets financial assistance. This scheme makes a partner in the benefits of LIC and the policyholder also gets bonus. 2% discount is given on annual premium payment. However, investing in this policy does not provide tax exemption under section.
Jeevan Umang Plan
It is a lifetime cover scheme in which coverage of up to 100 years is available. After the end of the premium payment period, 8% of the assured amount is received every year. Also, when the policy is matured or in the event of death, the amount is found simultaneously. It also provides benefits like bonus and final edition bonus.