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Take a look at some of the LIC low premium policies with reasonable monthly premiums in the table below:
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LIC is a public sector insurance company that offers low-premium insurance plans. Here are some LIC 500 per month plans that you can avail of to secure your future:
|Minimum age of entry
|Maximum age of entry
|Maximum maturity age
Minimum sum assured
|LIC Jeevan Tarun
|25 minus the age of entry
|LIC Jeevan Labh
|16 – 25 years
INR 2 lakh
|LIC New Jeevan Anand
|15 – 35 years
INR 1 lakh
|LIC New Endowment plan
|12 – 35 years
INR 1 lakh
Jeevan Tarun is a participating and non-linked LIC plan crafted to offer dual protection of life coverage and savings for your child. Your children can avail the benefits under the Jeevan Tarun plan for the purpose of higher education and other costs. The children under this plan are entitled to receive annual survival benefits from the age of 20 to 24 years, while the maturity benefit under the plan is paid on completing the policy duration of 25 years.
The Jeevan Labh policy of LIC is a highly profitable policy. It is a non-linked endowment plan that provides protection while maximizing your savings. This is a limited premium paying plan that allows the customers to gain monetary support for their families in the event of the death of the insured. The policyholders under this plan will likely gain from a lump sum payout if the person survives the policy till maturity or outlives the plan.
Interested customers can use the LIC Jeevan Labh calculator to evaluate the LIC Jeevan Labh premium chart. You may note that using the LIC Jeevan Labh maturity calculator, one can estimate the maturity amount likely to be received by the life assured on surviving the plan beyond the policy term.
Another beneficial policy from LIC is the New Jeevan Anand policy, which is a participating and non-linked plan. This policy allows customers the dual benefit of savings and life coverage.
The New Jeevan Anand plan from LIC offers financial support to the family of the insured in the event of the death of the policyholder. In addition, it also pays the life assured a lump-sum amount at the end of the policy term if the insured survives the policy.
The New Endowment Policy from LIC is an individual life insurance policy that is available with the benefits of protective life cover and savings.
The plan offers financial support to the beneficiary of the policy if the policyholder dies during the term of the plan. If the insured outlives the plan, the person can avail of a large sum assured refund together with guaranteed bonuses
On request of the family members of the policyholder, they can avail of the death benefit in instalments of 5, 10, or 15 years.
To Sum Up
LIC offers some of the most economical insurance plans as compared to other insurers in the market. Most of the policies are loaded with multiple benefits that serve the various needs of the customers. However, it is suggested to read the terms and conditions of the plans and compare the policies before finally purchasing a plan.
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Yes, LIC offers many attractive pension plans at affordable premium rates.
Yes, the calculator can be used to estimate the premium amount to be paid and the maturity benefit that the life assured is eligible for under the LIC Jeevan Tarun plan.
Yes, this post talks about many of the LIC’s low premium plans that you may consider.
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