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Which LIC policy is best for 55 year old?
LIC’s Jeevan Umang (UIN: 512N312V02)
Minimum Basic Sum Assured | Rs. 2,00,000 |
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Policy Term | (100 – age at entry) years |
Minimum Age at entry | 90 days (completed) |
Maximum Age at entry | 55 years (completed) |
Minimum Age at the end of premium paying term | 30 years (nearest birthday) |
Which LIC plan is best for 60 years old?
LIC Varishtha Pension Bima Yojana
The plan is only available for people above 60 years of age. Over 3.16 lakh policies of LIC Varishtha Pension Bima Yojana had been sold amounting to Rs. 6,095 crores in its earlier avatar that reflect its popularity among senior citizens.
How is the amount of premium calculated for LIC term plan 50 lakhs?
For LIC Term Plan of 50 Lakhs, the amount of premium is calculated by the insurance company taking into consideration various factors. The premiums on the level sum assured option is lower than the premiums on the increasing sum assured option in both the Tech Term and Jeevan Amar plans of LIC.
Which is the best LIC plan in India 2020?
Top 6 LIC Plans In India 2020. 1 1. LIC Jeevan Amar. LIC Jeevan Amar was launched in August 2019 by the Life Insurance Corporation of India. It is a pure term plan. It does not offer 2 2. LIC Tech Term Plan. 3 3. LIC New Children’s Money-Back Plan. 4 4. LIC New Jeevan Anand Plan. 5 5. LIC Jeevan Umang.
What are the benefits of LIC term plan for non-smokers?
The policy provides a rebate on premium amount for the non-smokers. The policyholder has the flexibility to choose the sum assured amount of the policy. The LIC term plan fulfill the requirements of the policy buyers ranging from a minimum of 18 years of age to maximum of 75 years of age.
What are the benefits of LIC term insurance plans?
The policy enables the insured to have a good lifestyle while paying a premium. LIC online term insurance plans can be purchased in an easy and hassle free-way. LIC term plans offer a claims settlement ratio of 98\%. Types of LIC Term Insurance Plans