Why buy LIC 1 Crore Life Cover Plan?

Top 10 LIC Plans with 1 Crore Sum Insured

Below mentioned are the best 10 LIC plans that offer coverage of Rs. 1 Crore and above. Take a look:

Benefits of LIC Life Cover of 1 Crore

With LIC 1 Crore life insurance plans you can avail of comprehensive coverage along with a wide range of benefits. Take a look below to find yourself:

• Adequate funds for your family

  After your demise, your family will need financial support. From their day-to-day expenses to something you have had planned for your family will all get shattered if you don’t have life cover. With the life insurance coverage of 1 Crore, you can ensure that your family has enough funds to carry out their life the way you wanted them to.

• No need to worry about post-retirement life

  Planning for your post-retirement life is a very important aspect of financial planning. With no source of income, one may find it difficult to fulfill their day-to-day expenses. Thus, with 1 Crore Life insurance, you can ensure that you will end up with sufficient funds to peacefully live your post-retirement life.

• Loan is available

  Policyholders can look after their emergency financial needs by availing of loan facilities. The facility can be availed only if the two year full premiums have been paid.

• Cope up with the inflation

  With the continuous rise in living standards, basic needs such as medical facilities, and education are also rising. Thus you need to prepare a financial plan in such a way that will meet your goals without ignoring the inflation rate. With a Life cover of 1 Crore, you can manage your future expenses in a more planned manner.

• Tax Benefits

  Premiums paid for LIC life cover of 1 Crore plans are eligible for deductions under Section 80C of the Income Tax Act 1961.

Who Should Buy LIC 1 Crore Life Cover?

Wondering if LIC 1 Crore Life Cover is ideal for you or not? Well, with a huge financial corpus of Rs. 1 Crore, you can live peacefully knowing that your family can live independently after your demise. These plans can be your ideal choice if you are:

1. Only Breadwinner of the Family

   As a sole earning family member, it is your responsibility to provide for your family even after your demise. With LIC 1 Crore plans, you can make sure that your family doesn’t have to depend on anyone else to fulfill their dreams.

2. Young Individuals

   A young individual who has just started their job, probably with no family responsibilities, can invest in LIC 1 Crore plans. By starting early, you can build long-term financial stability, and by the time you turn 40 or 50, you will be having a huge corpus of 1 Crore.

3. For Financial Security

   LIC 1 Crore plans are one of the best tools of investment for those who are looking for long-term savings and protection plans. By investing in LIC 1 Crore life cover, an individual can plan and fulfill their future milestones.

Wrapping it up

LIC 1 Crore plan is the best gift you can give to your family to safeguard their future needs. The plans offer guaranteed security of providing your family with a sum assured of 1 Crore after your demise as a death benefit. Whereas, on the other hand, if you outlive the policy, the plan will give you maturity benefits that can be used to fulfill your future goals.