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Certain LIC plans are available with benefits up to INR 1 Crore and above. These plans allow the insured to fulfil their financial goals without any worries. Let us take a look at the LIC millionaire plans.
LIC Crorepati plans are the ones that are available with a sum insured of INR 1 Crore and above. However, despite the higher sum assured, these INR 1 crore plans of LIC are affordable enough to fit your budget. The premiums of these plans are cost-effective, and they offer several benefits to the policyholders and their nominees.
LIC Crorepati Plans
|Age of entry||Age of maturity||
Tenure of policy
LIC Jeevan Shiromani Plan
|18-55 years||69 years||
14, 16, 18 and 20 years
LIC Dhan Varsha
|3-60 years||18-75 years||
10 & 15 years
LIC Jeevan Umang
|90 days – 55 years||100 years||
100 years minus the age at entry
LIC SIIP Plan
|90 days- 65 years||18-85 years||
LIC Bima Jyoti
|90 days – 60 years||18-75 years||
There has been a continuous rise in inflation, and the living standard of people is also rising continuously. Further, the list of several new and critical diseases is another reason why people need money. Education is another sector that has seen an increasing inflation rate. All these are areas where people spend at leisure, and such spending wipes off their savings. Hence, most people rely on insurance and investment policies to live comfortably and to have a financial backup in case of an unforeseen situation.
Further, these LIC crorepati plans are available with a vast sum assured and with several benefits like:
If you are looking at securing your family members by investing in a good policy, you can buy the Crorepati LIC plan by following the below steps:
To Sum Up
The details above are expected to inform you and clear some of your doubts about the LIC Crorepati plan details. You can look for the most suitable LIC plan for yourself and your family online. Choose the plan that fulfils your investment needs adequately. You can check as well as compare all the available LIC Crorepati plans. These plans are available at affordable premium rates. Thus, the LIC Crorepati plan is a one-stop solution that helps secure your family financially even when you are not around.
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LIC Crorepati plans are the ones that offer the basic sum assured amount of INR 1 Crore and above. You can compare and have the LIC Crorepati plan review to check which LIC plan will suit your needs.
It is a pure risk protection term insurance policy where the beneficiary of the plan receives INR 1 crore as a death benefit in the case of the death of the policyholder during the policy term.
Some of the best plans of LIC are:
~ LIC's New Bima Bachat Plan
~ LIC's Pradhan Mantri Vaya Vandana Yojana
~ LIC's Tech Term Plan
~ LIC's Nivesh Plus, etc.
Any person with a net worth of over INR 1 crore is considered a crorepati. The assets could be in the form of equity, gold, real estate, and other instruments.
LIC offers many plans with higher sum assured. Some of the top LIC plans with INR 1 Crore or equivalent amount as sum assured are include:
~ LIC Bima Jyoti
~ LIC Jeevan Umang
~ LIC New Jeevan Anand
~ LIC Dhan Varsha
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