Which is better LIC or term plan?
The amount provided as the death benefit in term insurance plans is much higher than the maturity benefit offered by life insurance policies. Even though most insurance buyers consider investing in life insurance policies to avail the dual benefit of life protection along with returns on the investment.
Which type of term plan is best?
Both Max life insurance and LIC provide different types of term plans for customers in the markets with various features. While the Max term insurance plan offers coverage up to 85 years, LIC provides coverage up to 75 years. It is wise to compare the features between them before investing money.
Which is the best insurance plan in LIC for life insurance?
New Jeevan Anand Plan is one of the best plan in LIC, which offers an attractive combination of protection and savings. This plan continues to provide coverage till the death of the insured even after the maturity of the plan. This plan is combination of both Endowment Plan and Whole Life Plan.
What is the difference between LIC and term insurance?
First understand the difference between lic and term insurance. Lic is a company which provide different insurance plans like term insurance, endowment plans, money back plans and ULIPs. Term insurance is when family get sum assured on the unfortunate event of death.
What is the best LIC policy to buy?
There is no such best policy when it comes to LIC. If you get a policy that meets your expectations then that policy is the best one for you. LIC is a big giant in the life insurance industry and it serves more than 35 policies depending on the varied needs of the people. Saying one policy as the best would be wrong.