This Dhanteras Grow Your Wealth With LIC Policy

LIC has launched many policies in the past, all suited to fit the needs of the common man in some way or the other. And with Dhanteras just around the corner, it would just make sense to invest in one of LIC’s savings plans that fit your needs and requirements the best. Let us discuss why and which LIC plans would make for the perfect Dhanteras Gift.

LIC Plans Perfect as Dhanteras Gift

Here is a list of all the LIC Plans that would be a better option than your traditional gold and silver, this Dhanteras. You can choose the plan that is the most suitable for you and your family.

1. LIC SIIP

   Grow an attractive corpus to secure your family’s future with LIC SIIP

   • Maturity Benefit: You will receive the Unit Fund Value as a maturity benefit at the end of the policy term.

   • Guaranteed Additions: A specific percentage of the yearly premium will be added to the Unit Fund at the end of specific policy years.

   • Rider Benefits: The policy offers the option of including LIC’s Linked Accidental Death Benefit Rider to the base plan to enhance your coverage.

   • Fund Options: The plan offers 4 fund options with varied risks. You can also switch between the funds at any point during the policy term.

2. LIC Bima Jyoti

   Get a delightful combination of life cover and savings through LIC Bima Jyoti!

   • Maturity Benefit: The Sum Assured on Maturity along with the Guaranteed Additions will be provided to you in case you outlive the policy term.

   • Guaranteed Additions: An amount of Rs. 50 per thousand will be added to your Basic Sum Assured at the end of each policy year. A simple comparison of the benefits using the LIC calculator will show how significantly your money grows with this plan.

   • No Cover Limit: The policy offers a minimum Basic Sum Assured of Rs. 1 Lakh with no upper limit for a policy term of 15 - 20 years.

   • Rider Benefits: You can include any of the following riders to your base plan to enhance your coverage - LIC’s Accidental Death and Disability Benefit Rider, LIC’s Accident Benefit Rider, LIC’s New Term Assurance Rider, LIC’s Premium Waiver Benefit Rider, and LIC’s New Critical Illness Benefit Rider.

3. LIC Jeevan Shiromani

   Get a minimum Rs 1 Crore cover with LIC Jeevan Shiromani

   • Maturity Benefit: A certain percentage of the Basic Sum Assured is paid as the maturity benefit at the end of the policy term.

   • Guaranteed Additions: You will be eligible to receive Guaranteed Additions and Loyalty Additions at the end of the policy term. This amount will be added at the end of each policy year during the premium paying period.

   • Survival Benefits: A certain percentage of the Basic Sum Assured will be paid as survival benefit at the end of specific policy years. These periodic amounts can help you cover urgent financial circumstances.

   • Emergency Medical Cover: The policy offers an inbuilt Critical Illness Benefit which covers 15 critical illnesses. The policy covers critical illnesses like cancer of specified severity, kidney failure, major organ transplant, blindness, third-degree burns, and stroke resulting in permanent symptoms.

4. LIC Nivesh Plus

   Invest in LIC Nivesh Plus to fulfill your and your family’s lifelong dreams

   • Market-linked Returns: You would receive an amount equal to the Unit Fund Value on surviving the policy term. In the long term, you stand to gain siginificant returns depending on the performance of the chosen funds.

   • Guaranteed Additions: A certain percentage of the Single Premium will be added to the Unit Fund Value at the end of specific policy years at no cost. This increases your wealth even further in the long term.

   • Fund Options: You get the option of switching between the four types of fund options provided by the policy at any point during the policy term. These funds come with varying degrees of risk but offer greater returns than traditional investment options.

   • Rider Benefits: The policy provides the option of including LIC’s Linked Accidental Death Benefit Rider to your base plan to increase the coverage of the policy.

5. LIC Jeevan Labh

   Attain policy benefits even after the end of the premium paying term with LIC Jeevan Labh

   • Maturity Benefit: You will be paid the Basic Sum Assured will at the end of the policy term on outliving the policy tenure.

   • Profit Participation: You will also be eligible to receive bonuses as declared by the company included in the benefits.

   • Life Cover: The policy offers a life cover on the unexpected death of the assured within the policy duration.

   • Rider Benefits: You can include any of the following riders in the base plan to get extended coverage. The riders available are LIC’s Accidental Death and Disability Benefit Rider, LIC’s Accident Benefit Rider, LIC’s New Term Assurance Rider, LIC’s Premium Waiver Benefit Rider, and LIC’s New Critical Illness Benefit Rider.

Conclusion

As the needs and challenges of the modern world evolve, the solutions to these have also advanced. A meaningful gift today can be the seeds to a financially secure future tomorrow. LIC Policies can prove to be the best solution for a Dhanteras gift this season as they are designed to benefit people facing modern day challenges. Invest in one of the options discussed above to secure your and your family’s future and gain attractive returns.