Best LIC plans 2017-18
Best LIC plans 2017-18 for Life Insurance and Tax saving depends on Trust and nothing else. LIC is the biggest brand in Insurance Industry. With more than 32+ Crore policy holders LIC of India is the highest claim settlement company in the world. LIC Clients are being traced out where ever they live for payment of maturity and claims.
All LIC plans are designed by keeping Indian classes in mind. The best 5 LIC plans for 2017-18 are given as under which can be selected as per requirement. There are other plans also but these 5 LIC plans are very popular among proposers for Life Insurance and Tax planning.
The best LIC plans for 2017-18 are :
- LIC Jeevan Anand plan still considered to be the best in the market. LIC of India was the first plan of its kind in the market. Jeevan Anand is a combination of endowment and whole life. This plan continues after maturity free of cost and nominee gets one more sum assured on the demise of the policy holder. The maturity from this policy can also be converted to Pension. This a plan gives Insurance, Investment, tax planning, Pension and Whole life insurance.
- LIC Jeevan Labh is very much similar to LIC Jeevan Shree. There are 3 options in this plan which makes this plan very popular among young office goers. Best plan for those who want to invest during their productive years and get good returns at the end. Premium paying term is kept short to accommodate all ages. Best plan for returns with Life Insurance cover.
- LIC Jeevan Akshay is one the most popular among all ages. This plan can be purchased by paying lump-sum Rs. 1 lakh minimum and maximum no limit. LIC Jeevan Akshay plan is a immediate annuity plan which pays same interest on entry till life. There are many options under this plans which makes this plan very famous among Pensioners and investment makers.
LIC Jeevan Lakshya plan is considered to be the best of all Children plans. This plan provides guaranteed returns when the plan matures. This plan is designed keeping in mind for education and higher education. Parents are willing to take any risk for their children’s education and well being. LIC Jeevan Lakshya is the best plan because Life Insurance from first day on proposer and child can be the nominee. The best part of this plan is yearly income benefits would be paid till maturity in case of proposer’s demise.
Limited Premium Endowment plan is a big hit among proposers who are looking for short term plan. This plan also have three option of maturity. They are 12, 16 and 21 years. This plan offers best returns if opt for 21 years. If purchased for longer term, Life Insurance and best returns can be enjoyed.