Salaried employees looking for reliable investment options can consider several attractive plans offered by the Life Insurance Corporation of India (LIC). These plans not only provide life coverage but also allow policyholders to double the sum assured by paying approximately 25% to 30% more in premiums. This feature is particularly beneficial for individuals seeking enhanced financial security for their families.
Among the top choices is the LIC Jeevan Anand plan, known for its dual benefits of savings and protection. It offers a combination of endowment and whole life policies, ensuring financial coverage even after the policy term ends. Another popular option is the LIC New Endowment Plan, which provides a lump sum amount on maturity along with bonuses, making it a great choice for long-term financial planning.
For those interested in wealth creation alongside insurance, the LIC Money Back Policy is a viable option. It offers periodic returns during the policy term, ensuring liquidity and financial support at crucial stages. The flexibility and diverse benefits of these plans make them ideal for salaried employees aiming to secure their financial future while enjoying peace of mind.
— Authored by Next24 Live