The best policy of LIC is considered to be LIC Tech Term Plan No. 854. It is considered to be the cheapest policy among all term policies of LIC. People between 18 years to 65 years can buy this policy. In this plan, you have to take a flight policy of at least 50 lakh rupees. Cannot take less than that. This policy will work till a person reaches 80 years of age. Not after that. This policy can be taken for a minimum of 10 years and a maximum of 40 years. This policy is available only to those people who have their own income.
This is the best policy of LIC There are three premium payment options available in this policy. The first one is the regular premium which means the premium has to be paid for as many years as the policy. Within the limited premium term, premium can be paid for a total policy period of five years or 10 years. The third option is single premium, which means paying the total premium at one time while taking the policy.
How old is the policy?
This is the best policy of LIC The biggest feature of this policy is the death benefit. There are three ways to get money. After the death of the policyholder, the nominee can get the entire amount at once. Another way is installment. In which the nominee gets money in the form of installments for 5 years, 10 or 15 years. The third option is lump sum and installments. Some part of it is given in Lumsam and some part is given for 5 years, 10 years or 15 years.
The insured can choose any one of these 3 options while taking the policy. Non-smokers get the facility to pay a lower premium in this policy. If a woman takes this policy, she also gets a discount on the premium.
How much premium should be given?
This is the best policy of LIC This is an online policy, which can be taken online only. This policy can be purchased by visiting the LIC website. This policy is a term insurance policy, within which the insured gets the sum assured if he dies. It does not get any maturity money like other policies. If the policyholder survives till the end of the policy period, he gets no money.
Facility of death benefit
This is the best policy of LIC In case of death during the policy, many facilities are provided to its nominee. Limited premium and regular premium plans are available. However, the single plan has some gaps. If the insured dies, the nominee will get 7 times the annual income. The nominee will get 105 percent of the total premium up to that date on which the insured dies. The full amount of Sum Assured is given to the nominee.
ગુજરાતીમાં વાંચવા અહી ક્લિક કરો.
Rule of Single Premium
This is the best policy of LIC Nominee gets 125% of the single premium on death of the insured.
Even on death, the entire sum assured is given to the nominee.
As this policy is a term plan, the insured does not get any maturity amount.