Life Insurance can be a great option in your investments. It plays a very important role in living a secure and peaceful life. When something goes wrong with the breadwinner of the family, life insurance will provide financial support to the loved ones and the family. Many people may have a misconception that investing in Life insurance can be a waste of money and unnecessary investment.
But when you understand the real purpose of life insurance, then you will understand why it is important. Life insurance provides you protection against uncertainties and risks, which can also be considered an investment. So, if you are also planning to invest in a life insurance plan, then the Life Insurance Corporation of India is the first thing that comes to our mind.
Which is Best LIC Plans to Invest in 2022?
Now, here let us have a look at the ten best LIC plans to Invest in 2022:
#1 LIC Tech Term Plan
One of the most common and best LIC plans that you can choose LIC Tech Term plan. This plan will offer the best financial security to the family of the insured in case of demise. One important point to note here is, you will be able to take this plan only online, and it is not available offline. It is non-linked and is with a profit plan. You will be given different kinds of premium payment options, and you can also choose between two death benefits like the increasing sum assured and level sum assured. It also has different rates for women. When you invest a higher sum, then you will get a good rebate.
#2 LIC Jeevan Amar
LIC Jeevan Amar is a pure term insurance plan, and LIC India launched it in the year 2019. This is a non-linked and non-participating insurance plan, and it offers you good returns when compared to many similar plans that are offered by many other companies. There will not be any returns with this plan, but it offers protection to the individual’s family in case of sudden demise. People between the age group of 18 to 65 are eligible for taking this policy. The term of the policy is ten years minimum, and it can be 40 years maximum. The premium amount can also be paid in many different modes.
#3 LIC New Children’s Money-Back plan
Another good plan from LIC is LIC New Children’s Money-Back plan, and it is a very useful plan for parents to invest in their kids. This plan will help in meeting the meets of raising kids, their education and marriage purposes. It is a non-linked plan and provides life risk benefits to the survivors. You can take this policy for kids between the age group of 0 years and 12 years. You can pay a premium quarterly, half-yearly or yearly, as per your choice.
#4 LIC New Jeevan Anand Plan
If you are looking for a LIC plan that provides you with both financial protection and savings as well, then you need to check out LIC New Jeevan Anand Plan. It is a participating and non-linked policy. This is one of the most popular and highest selling plans from the LIC of India. People between the age of 18 years and 50 years are eligible for this policy. The minimum sum assured has to be Rs 1,00,000, and there is no limit for the maximum sum assured.
#5 LIC Saral Pension Plan
LIC Saral Pension Plan is the latest plan from LIC of India and is launched on 1st July 2021. This is an annuity plan, where you will have to invest once, and you will be receiving monthly payment in the form of a pension. It is a non-linked and non-participating plan and provides several benefits. The buyer will receive a minimum of Rs 12,000 per year. Only people between the age of 40 years and 60 years are eligible for this policy. After you make payments for six months, you will also be eligible for a loan in this LIC plan. For this policy, also we have different payment options.
#6 LIC Jeevan Labh Plan
This LIC Jeevan Labh is the non-linked and with-profit plan, and you will only have to pay the premium for a few months. There are many benefits that you will be able to enjoy with the help of this plan, like maturity benefits, death benefits and also you will be able to avail yourself of the loan facilities as well. The minimum sum insured can be Rs 2,00,000, and there is no limit for maximum limit assured. The entry age has to be eight years, and the maximum age is 59 years.
#7 LIC Jeevan Umang Plan
LIC Jeevan Umang is a non-linked and with-profit insurance plan for your whole life. It comes with dual benefits, which means it is both savings and earnings as well. It is a whole life plan and offers you a total of 100 years cover, and this is one of the most exceptional features of this plan. You can start this policy from as low as 90 days old, baby, and the minimum sum insured is Rs 2,00,000. You can enjoy different modes of payments and also loan facilities.
#8 LIC Cancer Cover Plan
Another Best LIC plan where you can invest is LIC Cancer Cover Plan. It is a non-participating and non-linked health insurance plan. This plan will pay out for the cancer treatment. When the buyer is diagnosed with cancer, the LIC of India pays for the entire treatment. Whatever is the amount for treatment, LIC pays for it. It covers you at all stages of cancer.
#9 LIC Bachat Plus Plan
LIC Bachat Plus Plan is a participating and non-linked plan. You have two options for payment of premiums like a single lump sum or a limited premium payment for five years. Depending on the type of premium payment option the buyer chooses, the sum assured on death will be decided.
#10 LIC Money Back 25 Plan
LIC Money Back 25 is a non-participating and limited premium payment plan from LIC of India. The best part about this LIC plan is you have insurance coverage for life and also money-back when the buyer survives over a specific duration during the tenure of the policy. The death benefits can be taken in installments as per the requirements only. There is also a loan facility in this plan.
So, these are some of the best LIC Plan to invest in 2022, and you can pick any of them as per your requirements.