Family Protection
These plan are available to protect your loved ones.
New Jeevan Amar (955)
For maximum life cover without straining their budget, I believe LIC’s New Jeevan Amar is the perfect plan for you. It works well when you’re planning for major responsibilities like your children’s future while ensuring lasting financial protection for your family.
Key features include:
• Extensive Life Cover: Secure your family’s future with a large death benefit, providing financial support to your loved ones in your absence.
• Flexible Premium Payment Options: Choose from Regular, Limited, or Single Premium payment modes, allowing you to align your premiums with your financial planning.
• Customizable Death Benefit: Choose between Level or Increasing Sum Assured options to suit your family’s growing financial needs, ensuring optimal coverage over time.
• Affordable Premiums: Benefit from competitive premium rates, especially for non-smokers and female policyholders, making comprehensive protection accessible.
Saral Jeevan Bima (859)
If you prefer a no-frills plan that does exactly what it promises, I recommend the LIC’s Saral Jeevan Bima Plan. It works best when you want cost-effective cover, flexible payment choices, and reliable support for your family.
Here are the benefits you can depend on:
• Comprehensive Financial Protection: Guarantees peace of mind and financial security for your family during uncertainties.
• Immediate Risk Coverage: Enjoy 100% payout for accidental death even during the 45-day waiting period.
• Flexible Premium Payment Options: Choose from Single Premium, Regular Premium, or Limited Premium terms of 5 or 10 years.
• Cost-Effective Coverage: Benefit from High Sum Assured Rebates for better value.
Yuva Credit Life(877)
When it comes to safeguarding your family from loan burdens, I recommend LIC’s Yuva Credit Life. It works well for those who want the confidence that their financial commitments are covered, while still enjoying flexibility in how they pay and manage their cover.
Key features include:
• Loan Protection: Reduces outstanding loan liability over time, ensuring that your family isn’t burdened with debt in case of an unfortunate event.
• Flexible Payment Options: Offers the flexibility to choose between single premium and limited premium payment terms, allowing for tailored financial planning.
• Interest Rate Choices: Choose a customizable interest rate for risk cover at policy inception, allowing flexibility based on your financial needs.
Yuva Term (875)
For parents and young professionals looking for peace of mind, I recommend the LIC’s Yuva Term Plan. It provides substantial protection at low premiums, so your family’s future remains stable even in your absence.
The key benefits are:
• Comprehensive Protection: Ensures your family is financially secure in your absence, providing a substantial sum assured.
• Flexible Payment Options: Choose from Single, Regular, or Limited Premium payment options to suit your financial situation.
• Affordable Premiums: Get high coverage at low costs, making it accessible for everyone to secure their family’s future.