Skip to main content

Which LIC policy is best for high return?

The Life Insurance Corporation of India (LIC) offers various insurance policies, and the potential for high returns can vary depending on the type of policy and the underlying investment options. If you are seeking a policy with a focus on higher returns, you may want to consider the following options:

1.    Unit-Linked Insurance Plans (ULIPs): ULIPs are insurance-cum-investment plans that offer the potential for higher returns compared to traditional insurance policies. A part of the premium paid is allocated towards life insurance, while the rest is invested in various funds based on your risk appetite. These funds can be equity-oriented, debt-oriented, or a mix of both. The returns on ULIPs are linked to the performance of the chosen funds and the market, and they carry market risks.

2.    Single Premium Endowment Plan: This is a type of endowment plan where you pay a lump sum premium upfront. These policies typically have a shorter tenure and offer a maturity benefit, making them suitable for individuals looking for a one-time investment with a potential for returns.

3.    New Endowment Plan: The New Endowment Plan is a traditional participating policy that provides life cover and participates in the profits of the LIC. It offers a lump sum payment at the end of the policy term or on the death of the policyholder during the policy term.

4.    Limited Premium Endowment Plan: This plan is similar to the regular endowment plan but allows you to pay premiums only for a limited period while enjoying the benefits throughout the policy term. It can be a good option if you want to limit the premium payment period and still enjoy life coverage and returns.

5.    Jeevan Akshay VI: This is an immediate annuity plan where you make a lump sum payment to LIC, and they start providing you with a regular income immediately or after a deferred period. While this plan may not provide high returns, it offers a guaranteed income for life, which can be essential for some individuals.

It's essential to remember that while some of these plans offer the potential for higher returns, they also come with associated risks. If you are willing to take higher risks for potentially higher returns, ULIPs might be more suitable. However, if you prefer lower risks and guaranteed returns, traditional endowment plans may be a better fit.

Before choosing any LIC policy, make sure to carefully read the policy documents, understand the features, charges, and terms and conditions. Additionally, consider your risk appetite, financial goals, and investment horizon before making a decision. If you're unsure, it's always a good idea to consult with a licensed financial advisor who can help you make an informed choice based on your individual needs and circumstances.


[Note: This is not lic orginal website.This is  the only thing to shear information about lic] 



Top of Form

 

Labels:

Comments

Post a Comment

Thank you for your comment

Popular posts from this blog

The Power of Words: Exploring LIC's Iconic Slogans

   The Life Insurance Corporation of India (LIC) has used various slogans over the years to promote its services and create awareness about life insurance. Some of the popular slogans used by LIC include: 1.      "Zindagi ke saath bhi, zindagi ke baad bhi" - This slogan emphasizes that LIC provides financial security and support during life as well as after life. 2.      "Yeh pal humara hai" - This slogan highlights that LIC is there to safeguard and cherish the precious moments of life. 3.      "Zindagi ke sath bhi, zindagi ke baad bhi" - Similar to the first slogan, this phrase conveys that LIC stands by its customers through all stages of life. 4.      "Behtar tohfa hai jiwan, jiwan ka" - This slogan suggests that life insurance from LIC is the best gift one can give to themselves and their loved ones. 5.      "Humara apna khata" - This phrase implies that LIC is like a trusted account holder for your financial security. 6.      &quo
Post a Comment
Read more

basic understanding of stock market

  Here's a basic understanding of the stock market: A. What is it? The stock market is a network of exchanges where investors buy and sell shares of ownership (stocks) in publicly traded companies. Think of it as a giant marketplace where companies raise money by selling ownership stakes, and investors buy those stakes hoping they'll increase in value. B. Key players: Companies: They issue shares to raise capital for growth and operations. Investors: Individuals or institutions buying and selling shares. Stock exchanges: Platforms like the NYSE or Nasdaq where shares are traded. Brokers and advisors: Help investors buy and sell shares. C. How it works: Companies publicly sell shares through an initial public offering (IPO) . Investors buy shares hoping they'll rise in price, allowing them to sell for a profit (capital gains). The price of a stock fluctuates based on supply and demand, influenced by company performance, economic factors, and market
Post a Comment
Read more

The Step-by-Step Guide to Converting Your LIC Policy to Paid Up

To change over your LIC (Life Insurance Corporation of India) strategy to a settled up approach, you want to follow these means: Check Strategy Arrangements: In the first place, survey your LIC strategy reports to decide whether it is qualified for transformation to a settled up approach. Regularly, conventional taking part strategies that have gained an acquiescence esteem are qualified for change. Contact LIC or Your Representative: Contact your closest LIC branch or reach out to your insurance specialist to start the method involved with switching your contract over completely to a settled up status. They will direct you through the necessary advances and documentation. Fill the Application: You might have to finish up an application structure given by LIC to demand the change of your strategy to a settled up arrangement. This structure will require your approach subtleties and your mark. Pay Any Forthcoming Charges: On the off chance that you have any forthcoming expenses, you migh
Post a Comment
Read more