What is LIC Jeevan Mangal plan?

What is LIC Jeevan Mangal plan?

LIC Jeevan Mangal plan, a term assurance plan, originated to offer such protection to. It is a micro-investment policy with a refund of the paid premiums at the time of maturity. The plan can be availed for ten years to fifteen years, whichever term period is convenient to the customer.

What is the minimum installment premium LIC Jeevan Mangal plan?

Eligibility Criteria for LIC New Jeevan Mangal Minimum sum assured – The minimum sum assured is Rs 10,000. Minimum premium – The minimum monthly premium instalment is Rs 60.

What is 149 plan in LIC?

Product summary: This plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.

Is PLI better than LIC?

The question of which option is better entirely rests on your requirements. If you are looking to invest in a traditional endowment plan, PLI is a better alternative as it offers the plan at a very low premium rate. Moreover, endowment plans offered by PLI earn higher bonus rates compared to the plans offered by LIC.

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What is the interest rate in LIC?

Public Deposit Scheme

Non Cumulative Deposits Cumulative & Non Cumulative Deposits
18 MONTHS 4.75\% 4.85\%
2 YEARS 4.90\% 5.00\%
3 YEARS 5.00\% 5.10\%

What is the Jeevan Anand returns?

The Jeevan Anand(Plan-149) offers a bonus facility. This is a sort of Double Death Benefit Plan that guarantees developed advantages if the insured person survives till the end of the maturity date. The additional assured sum is paid when the life-insured individual dies.