Life Insurance Corporation (LIC), the largest insurance provider in India, has recently introduced several new investment schemes to cater to the evolving needs of its customers.
These new schemes offer high ROI (Return on Investment) and guaranteed returns, making them a lucrative investment opportunity for those looking to secure their future.
The LIC New Jeevan Anand plan, for instance, offers a guarantee of returns along with security. It is available to individuals between the age of 18 to 50 years, with a policy term ranging from 15 to 35 years. The sum assured under this plan can be anywhere from Rs 1 lakh to an unlimited amount, and the maturity age is 75 years. The average ROI for this plan is around 6%-7%.
Another popular plan is the LIC Jeevan Umang, which provides lifelong insurance coverage until the age of 100 This plan offers an annual guaranteed payout along with bonuses on maturity or death of the policyholder.
The sum assured can be as high as Rs 1 crore, and the policy term can be anywhere from 15 to 35 years. The average ROI for this plan is around 5%- 6%.
For parents looking to secure their children's future, the LIC New Children's Money-Back Plan is an excellent option. This plan provides financial security for children and can be taken by any parent or legal guardian on behalf of a child between the age of 0 to 12 years. The policy term ranges from 5 to 20 years, and the sum assured can be as high as Rs 10 lakhs.
The average ROI for this plan is around 4%-5%. One of the primary advantages of LIC investment plans is the tax benefits they offer under Section 80C and Section 10(10D) of the Income Tax Act. These tax benefits provide investors with additional savings, making these plans even more attractive.
With the introduction of these new investment plans, LIC aims to help its customers achieve their financial goals and secure their future. Investors can consult with a financial advisor to determine which plan is best suited for their needs and risk appetite.
