LIC Jeevan Labh
It is one of the LIC best policies which offers bonuses to its beneficiaries whenever the Life insurance company earns a profit. The policyholders enjoy the coverage even if they pay the premium for a specific tenure. If the sum insured is more than five lakhs, the insured gets a discount on premiums.
Which type of term plan is best?
There are many reasons why LIC is a good choice for term insurance policies. These reasons are: It has the best claims settlement ratio of over 98%. This means that it successfully settle 98% of the claims that they get.
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. Anyone who wants to choose customizable payouts can choose the term plans offered by the Max life insurance company.