3 Best LIC Plans to invest

Benefits of Jeevan Labh:

1. Similar to Jeevan Pragati, death benefits offered under Jeevan Labh shall also be not less than 105% of all the total premium
2. Death benefit will include sum assured on death plus vested simple reversionary bonuses and final additional bonuses
3. The premiums are exempted from taxes and no additional charges are levied for benefit riders
4. The sum assured on maturity equals to the basic sum assured together with vested simple reversionary bonuses and final additional bonuses
5. The policy will participate in the profits of the corporation and shall receive bonuses as declared by the LIC from time to time
6. The policyholder is also entitled to Accidental Death and Disability Benefit Rider and LIC's New Term Assurance Rider

Features of Jeevan Labh:

LIC New Jeevan Anand:

New Jeevan Anand is a participating endowment plan which comes with a plethora of benefits and offers. This savings plus protection plan provides a lump sum payout at the time of maturity. However, the plan is designed primarily to protect the family of the insured in case of his death. It also comes with loan facility to support the liquidity needs of the individual.

Benefits of New Jeevan Anand:

1. When an individual dies during the term, death benefit received will include sum assured on death, vested simple reversionary bonuses, and final additional bonus
2. Sum assured on death is more than 125% of the basic sum or ten times the annualized premium amount
3. On survival of the policyholder, Basic Sum Assured along with vested simple reversionary bonuses and final additional bonus is paid as a lump sum
4. The policy shall participate in the profits of LIC and shall receive additional benefits from time to time
5. LIC's accidental death benefit rider is available as an optional rider which can be availed by payment of a small additional amount along with the policy premium.

Features of Jeevan Anand:

LIC Jeevan Lakshya:

Jeevan Lakshya is a traditional savings cum protection plan which provides annualized payments post death of the insured to take care of this family's expenses. Additionally the beneficiaries of the deceased will also receive 110% of the cover amount at the end of the initial term period of the policy. The plan also allows one to choose two additional benefit riders namely Accidental Death & Disability Rider and New Term Assurance Rider.

Benefits of Jeevan Lakshya:

1. In case of the individual's death, the death benefit received will include sum assured on death, vested simple reversionary bonuses, and final additional bonus
2. Death benefits shall include
   1. Annual income benefit which is equal to 10% of the basic sum assured
   2. Assured absolute amount which equals 110% of the basic sum assured
3. On survival of the policyholder, Basic Sum Assured along with vested simple reversionary bonuses and final additional bonus will be paid as a lump sum
4. The policy shall participate in the profits of LIC and shall receive additional benefits from time to time
5. LIC's accidental and benefit rider is available as an optional rider which can be availed by payment of a small additional amount along with the policy premium.
6. Death benefits shall not be less than 105% of the total premiums paid till death

Features of Jeevan Lakshya: