What is the best way to choose LIC policy?

Ideally, opt for a term plan, as it gives you a higher sum assured for a lower premium. When you venture into the market to buy a term plan, compare it on two parameters — cost and claim settlement ratio. “Pick a policy with the lowest premium, but a claim settlement ratio of more than 90\%,” said Mehta.

Which LIC policy is best for newly married couple?

LIC Jeevan Saathi Plan is a joint life endowment policy. This plan pays for the Death Benefit during the policy term for both husband and wife but the Maturity Benefit is paid even if both or anyone are alive till the end of the policy term. Hence it is a double death benefit plan.

Which is the best LIC policy for girl child?

The parent can pick the one that best suits their needs and requirements and the one they believe would be best for their child. A few LIC policies for the girl child in India are mentioned as follows: LIC Jeevan Tarun. LIC Jeevan Labh….Eligibility:

How is Jeevan Amar policy?

LIC’s Jeevan Amar plan is a Non-Linked, Without Profit, pure protection plan. The plan offers the flexibility to choose from two death benefit options viz: Level Sum Assured and increasing Sum Assured. Under this plan, there are two categories of premium rates viz (1) Non-Smoker rates and (2) Smoker rates.

Which is the best LIC plan for child insurance?

LIC’s most popular child plan: LIC’s Jeevan Tarun Plan 1 There are four money back benefits to choose from 2 Bonuses help increase the plan benefits 3 There is an optional premium waiver benefit rider for an enhanced coverage 4 There are two types of premium rebates which help in lowering the premium amount.

How to choose the best LIC policy for your financial goals?

So, plan your financial goals and then find the best LIC policy which best suits your financial goals. Invest in any of the above-mentioned policies and enjoy the benefits which the policy promises. To buy LIC’s policies you can choose Turtlemint.

What is LIC New children’s money-back plan?

LIC New Children’s Money-Back Plan LIC New Children’s money-back plan is a participating non-linked money-back plan. It is specially designed to meet the marriage, educational, and other requirements of raising children through Survival Benefits.

Which is the most popular Unit Linked Insurance Plan of LIC?

LIC’s most popular Unit Linked Insurance Plan: LIC’s New Endowment Plus Plan 1 LIC’s Linked Accidental Death Benefit Rider can be chosen as an optional coverage benefit 2 Four funds are available for investing the premium 3 Four free switches are allowed in a policy year for changing between funds