LIC: Monthly earners can invest money here, will get coverage for 100 years..

LIC runs some such schemes, which not only give great returns to the investors. But also provide long-term coverage. Let us tell you about 5 such schemes, in which investors get coverage up to 100 years.

LIC Jeevan Shiromani Policy
Jeevan Shiromani Policy is a non-linked, individual life insurance savings plan, specially designed for those who earn well and want to protect their investment. If you take a policy with a sum assured of Rs 1 crore, the minimum monthly premium is Rs 94,000. In this scheme, you have to deposit the premium for 4 years. You can pay the premium on a monthly, quarterly, half-yearly, or annual basis.

LIC Jeevan Anand Policy
LIC's Jeevan Anand Yojana is a term plan, which gives excellent returns at a low premium. Its specialty is that by investing only Rs 45 daily, you can create a fund of up to Rs 25 lakh in the future. The monthly premium is Rs 1,358, which you can deposit on an annual, half-yearly, quarterly, or monthly basis. Bonus benefits are also available in this policy, but for this, it is necessary to continue the policy for at least 15 years.

LIC Jeevan Azad Policy

LIC's Jeevan Azad Policy is a non-linked, non-participating, individual plan, which is becoming very popular since its launch. The investment period in this scheme is from 15 to 20 years. The minimum sum assured is Rs 2 lakh and the maximum is Rs 5 lakh. On maturity of the policy, the amount fixed by the insurance company is given in a lump sum. People from the age of 90 days to 50 years can avail the benefits of this scheme, that is, the policy can also be purchased in the name of children.

LIC Jeevan Umang Policy
LIC's Jeevan Umang policy is a non-linked, participating, whole life insurance plan, which offers the benefit of regular income along with protection. The policyholder gets 8% of the sum assured every year after the completion of the premium payment term. A lump sum amount is paid on maturity of the policy or on the death of the policyholder. Apart from this, a loan facility is also available in this plan, which provides financial help in times of need. This policy provides coverage up to 100 years. The premium payment term can be 15, 20, 25 or 30 years. The minimum sum assured is Rs 2 lakh, and this plan is available for people aged 3 years to 55 years.

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