LIC is one of the most trusted insurance companies in India. It was formed in 1956, and since then, it has attracted countless customers due to its attractive offers and commendable services. LIC launches various plans and policies every year and also ensures a strong focus on developing the insurance industry. You can get the Highest Return with the LIC Plan. This article will discuss the LIC plans with the highest return in India and their eligibility, features, etc. Below we have briefly described LIC plans with the highest return in India.
List of LIC Plans with Highest Return in India
Here we have listed 5 plans to get the Highest Return with the LIC
1. LIC’s Jeevan Amar
The Jeevan Amar plan is one of the best LIC plans with the highest return in India. It is an offline term insurance plan that provides ample benefits in case of their death during the time of the policy. However, this LIC Plan with the Highest Return in India came with two benefit options, i.e., it provides a large sum assured sum and a level sum secured.
Also, it is considered a very flexible plan allowing users to choose from single premium payment, premium payment, and regular premium payment. Additionally, this LIC Plan with the Highest Return in India provides a different mode for the price, and you can get several benefits in installments. Therefore, it also offers the host rider a plan to increase the policy coverage.
The eligibility criteria for the LIC Jeewan Amar Plan are as follows
| Minimum age for entry | 18 years |
| Maximum age for entry | 65years |
| Maximum age of the assured at maturity | 80 years |
| Min basic assured sum | Rs 25 lakh |
| The maximum basic assured sum | No limit |
| Term | Ten years to 40 years |
Read More: Jeevan Anand Plan 149 Maturity Calculator
2. LIC’s New Children’s Money-back Plan
It is non linked, participating money-back plan designed to complete the demands of children like marriage, education purpose, and other essential financial needs for the growing children. However, it is an LIC Plan with the Highest Return in India, which provides risk cover on the life of the insured child throughout the policy term.
Eligibility for LIC’s New Children’s Money-back Plan is as follows
| Maximum sum assured | There is no limit |
| Minimum sum assured | Rs. 1 lakh |
| Maximum entry age | 12 years |
| Minimum age of entry | 0 years |
| Age of maturity | 12 years |
| Policy term | 25 minus entry age |
3. LIC’s New Endowment Plan
A new endowment plan is excellent insurance if you want something to fulfill your long-term goals. A person can take LIC’s new endowment plan, also known as the LIC plan with the highest return in India if they want a life cover all during the term period. It is a trustworthy plan with various benefits. However, once the plan matures, you will be provided with a considerable amount that you can use to satisfy your long-term financial needs. Let’s talk more about the LIC Plans with Highest Return in India.
Eligibility criteria for LIC’s New Endowment Plan, which is considered the LIC plan with the highest return in India
| Maximum age for entry | 55 years |
| Minimum age for entry | Eight years |
| Minimum policy term | 12 years |
| Maximum policy term | 35 years |
| Maximum maturity age | 75 years |
| Minimum basic sum assured | Rs. 1 lakh |
| Maximum basic sum assured | No limit |
This LIC Plan with the Highest Return in India offers benefits
- Death Benefits
Death benefits are a premium benefit provided under LIC’s new endowment plan. In this benefit, if the insured person dies before the plan’s maturity, all the insured money will be paid to the nominee. However, even the other benefits are only provided to the nominee. Once the assured dies, the LIC Plans with the Highest Return in India will be terminated after the payment of the assured amount.
- Maturity Benefits
Maturity benefits are the benefits provided under the LIC’s new endowment plan. It is one of India’s best LIC Plans with Highest Return in India. Suppose the assurance is made till the end of the maturity date and paying all the money is on time. In that case, the insured will be provided with the sum assured + accrued reversionary bonus + additional bonus at the end of the maturity.
4. LIC New Money-back Plan is 20 Years
LIC new money-back plan of 20 years is also known for its various salient features and is considered as LIC Plan with the Highest Return in India. This plan aims to protect the family of the policyholder after their death. All the money is provided in a designated period and offers the insured a lump sum amount. The plan also provides the facility of loans after a particular period so that all the expenses will be borne easily after the death. This offers the Highest Return with an LIC Plan.
The eligibility criteria for LIC new money-back plan of 20 yearsares as follows
| Minimum sum assured | I lakh INR |
| Maximum sum assured | No limit |
| Minimum age of entry | 13 years |
| Maximum age of entry | 50 years |
| Policy term | 20 years |
Benefits under LIC’s new money-back plan 20 years. The expected benefits of LIC Plans with Highest Return in India are
- Death Benefits
This policy provides many death benefits to the insured and the family. If the person is alive, they will receive benefits regularly. If the insured dies, a lumpsum amount is provided to the family, and then the policy gets terminated.
- Survival Benefits
The policy claims that if the insured can survive the policy term entirely, they will be provided with a sum assured and a policy interval until the policy ends.
5. LIC New Jeevan Anand Plan
LIC New Jeevan Anand plan is quite famous and considered one of the LIC Plans with the Highest Return in India. It is a plan that provides the feature of individual participation and offers various benefits and bonuses to the customers. The insured will receive the lump sum amount at the plan’s maturity. You can even take a loan through this plan.
Eligibility for LIC new Jeevan Anand plan is as follows
| Minimum age of entry | 18 years |
| Maximum age of entry | 50 years |
| Minimum policy term | 15 years |
| Maximum policy term | 35 years |
Lic Jeevan Anand is best for the Highest Return with the LIC Plan. The benefits under LIC’s Jeevan Anand are
- Death Benefits
The insured family will receive all the benefits and bonuses after the insured’s death. However, if the insured is alive, he will timely get death benefits until the plan goes on.
- Maturity Benefits
The insured will be provided with an assured amount at the end of the maturity and the final and additional bonuses.
Read More: LIC New Endowment Plan 814
Conclusion
LIC is the biggest hub for various plans in India. It has been serving its customers with excellent services for a long time. As we all know about the popularity of LIC in the banking industry, the reliability of people is increasing accordingly towards this institution. In this article, we have provided all the information about the boutLIC Plans with Highest Return in India. You can take some guidance from this article for your next investment.
LIC Plans with Highest Return in India – FAQs
Please explain to me the benefits of the LIC Jeevan Anand Policy.
Ans. LIC Jeevan Anand’s policy offers dual saving and protection benefits. It is a LIC Plans with Highest Return in India. It provides financial security in case of the unfortunate death of the policyholder. The insured person gets the lump sum amount if the policyholder survives.
What are the LIC’s new children’s money-back plan’s survival benefits?
Ans. This plan pays the basic Sum Assured when the policyholder completes 18,20 and 22 years of age.
Does the LIC Jeevan Amar plan need a medical test?
Ans. There are 2 categories under LIC Jeevan Amar’s plan for smokers and non-smokers. For non-smokers, a urinary cotinine test is required. The result of the test will decide the premium amount.
What is the entry age for the LIC endowment plan?
Ans. The age limit for the LIC endowment plan is 8 years to 55 years. Along with the age limit, you must also fulfill other eligibility criteria. Check the eligibility in the article above.
How to claim a LIC money-back plan?
Ans. To claim the LIC money-back plan, you must return the discharge form and NEFT mandate form, documents of the policy, and KYC.
