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LIC Crorepati Plan
LIC, one of the leading insurers of India ,provides financial security for your family, even in your absence. However, do you know that apart from just providing financial security to your family, LIC plans can help you become a crorepati as well?
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
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- LIC Crorepati Plan
The plans offered by LIC allow you to fulfill your financial goals by providing benefits of up to Rs. 1 Crore and above.
What is a LIC Crorepati Plan?
LIC Crorepati plans offer the basic sum assured amount of Rs. 1 Crore and above.
Along with the higher sum assured, these plans come at affordable premiums and offer a wide range of benefits to the policyholders and their beneficiaries.
Let’s take a look at some of the LIC Plans that will help you become a Crorepati!
Best LIC Crorepati Plans
Below-mentioned are the 5 best LIC Crorepati plans:
| LIC Crorepati Plans | Entry Age | Maturity Age | Policy Tenure | |
| LIC Dhan Varsha | 3-60 years | 18-75 years | 10 & 15 years | |
| LIC Jeevan Shiromani Plan | 18-55 years | 69 years | 14, 16, 18 and 20 years | |
| LIC SIIP Plan | 90 days- 65 years | 18-85 years | 10-25 years | |
| LIC Jeevan Umang | 90 days - 55 years | 100 years | (100- the age at entry) years | |
| LIC Bima Jyoti | 90 days - 60 years | 18-75 years | 15-20 years |
Why Should I opt for the LIC Crorepati Plan?
With the continuous rise in the living standards and increase in illnesses, availing basic facilities such as healthcare or education can wipe off all your savings. Thus, you must ensure that you and your family have enough resources to live comfortably. Not only these plans offers a huge sum assured, but also come with several other benefits such as:
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Security against Financial Liabilities
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Dual Benefit of protection and Savings
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Stress-free future planning
How to Buy LIC Crorepati Plan from Policybazaar?
Follow the below steps to buy LIC Crorepati plan from Policybazaar:
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Step 1: Visit the Life Insurance Corporation of India (LIC of India)
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Step 2: Fill in the form by entering your name and registered contact details
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Step 3: Next, fill your age and the city you live in
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Step 4: Once done, the page will show you the available plans.
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Step 5: You can customize the Invested amount and tenure as per your needs and requirements, & click on proceed
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Step 6: On the next page, fill-in your personal details such as your name, email address, date of birth, annual income, phone number, pin number and city.
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Step 7: Verify the premium you need to pay, and then select the payment option.
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Step 8: Once done, make a payment and you will receive the policy documents shortly.
Summing it up:
Now with clarity about LIC Crorepati plans, you can decide the best-suited LIC plan for yourself and your family. Choose the plan that effectively fulfills your investment and protection needs. Check and compare all the available LIC Crorepati plans by yourself and become a crorepati by paying affordable premium rates. Thus, LIC Crorepati plans is a one stop solution that helps your family financially even in your absence.
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FAQ's
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Q: Do all LIC Plans offer the sum assured of 1 Crore and above?
Ans: No, not all plans. LIC offers several plans with different sum assured options to suit every individual’s insurance needs. You can check the brochure of the plan you intend to buy to get the details of the sum assured available. -
Q: Who should opt for LIC Crorepati Plans?
Ans: Anyone in the age group of 20-45 years can opt for these plans. Not only these plans will offer financial protection to your family, but also will help you to achieve your future financial goals such as buying a house, a child’s higher education or marriage etc. -
Q: Does LIC Crorepati Plans offer tax benefits?
Ans: Yes, the premiums paid for LIC crorepati plans are eligible for deduction up to Rs. 1.5 lakhs under Section 80C of ITA, 1961.
Different types of Plans
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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