LIC Amulya Jeevan II
This is one of the term assurance plans of Life Insurance Corporation of India (LIC), which gives protection to the needs,in addition, demands of the individuals during unfortunate circumstances. This plan has minimum policy tenure of 5 years and can be considered a short-term investment plan.
Which is best LIC term plan?
LIC Tech Term Plan
Which LIC policy is best for good returns?
Five-year term insurance, as the name implies, covers the insured for a period of five years. Along with annual renewable term plans, it is one of the shortest term insurance policies on the market. Five-year term insurance plans, on the other hand, give you the opportunity to convert the policy when it expires.
What is a 5 year term life insurance policy?
The policy can be surrendered after it has been in force for at least 3 full years. The Guaranteed Surrender value will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.