LIC Term Insurance 1 Crore

Miscellaneous

Life insurance plans are a smart way to safeguard one’s family financially, in the event of an unfortunate eventuality. Life Insurance Corporation of India (LIC) offers customers several insurance plans, which have a sum assured over Rs.1 crore. These high sums assured insurance plans make a truly worthy investment, since they come with a range of benefits for both the policyholder and the nominee.

LIC Insurance Plans with a High Sum Assured

  1. LIC Term Insurance Plans:

Term insurance plans are the most basic type of insurance policies. They provide the life assured a risk cover during the policy tenure and a death benefit to the nominee if the life assured passes away during the policy tenure. These policies offer a high sum assured at a relatively low cost. Listed below are a few term insurance plans from LIC that come with a high sum assured.

-Amulya Jeevan – II

-E-Term Plan

  1. LIC Whole Life Insurance Plan:

As the name suggests, a whole life insurance plan provides a risk cover against death to the policyholder for their entire lifetime. Listed below is a whole life insurance plan that is offered by LIC.

-LIC’s Jeevan Umang

  1. LIC Endowment Plans:

An endowment plan guarantees the policyholder a lump sum amount on maturity of the policy. Thus, while these plans pay a death benefit if the life assured passes away during the policy tenure, they also pay a significant amount as the maturity benefit, if the life assured survives till maturity. A few endowment plans from LIC which offer a high sum assured are:

-LIC’s Jeevan Pragati

-LIC’s Limited Premium Endowment Plan

  1. LIC Money-Back Plans:

In addition to the regular payouts, a money-back life insurance plan also provides survival benefits during specific policy anniversaries, thus helping the life assured meet significant milestones in his/her life. A few money-back plans from LIC which guarantee a high sum assured are:

-LIC’s New Money Back Plan – 20 Years

-LIC’s New Money Back Plan – 25 Years

  1. LIC Pension Plans:

Pension plans can be purchased by any individual who wishes to secure his/her retirement years. The pension plans offered by LIC with a high sum assured are listed below:

-LIC’s Jeevan Akshay – VI

-LIC’s New Jeevan Nidhi

  1. LIC ULIPs:

Unit Linked Insurance Plans or ULIPs offer the policyholder a risk cover during the policy tenure and also an option to invest in various funds that are offered by the insurer. The policyholder can choose any fund of his/her liking, based on his/her appetite for risk. A ULIP that is offered by LIC that can guarantee a high sum assured, based on the premium chosen at inception, is listed below:

-LIC’s New Endowment Plus

Since a life insurance policy is a long-term investment, it is necessary to opt for a plan that will meet your short-term and long-term goals.

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