Here are LIC’s 5 best plans for women in 2018
Women have, time and again, proven to be equal to their male counterparts. Today, more and more women have joined the work force and have become independent. Even in case of life insurance, women are realising the importance of having a cover on their lives. Whether it is purely for protection needs or investment needs, life insurance policies for women are becoming popular. The Life Insurance Corporation of India (LIC), one of the pioneering insurance companies in the market, offers attractive insurance solutions for women as well. So, for all you women out there looking for insurance, here are some of the best plans offered by LIC for your needs –
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LIC’s Aadhaar Shila
This is an endowment plan designed and offered specifically for women. Females having an Aadhar Card can buy the plan. The features of the plan are as follows –
- Loyalty Additions are added after the completion of the first five policy years
- At least 110% of the sum assured is paid in case of death
- Optional Accident Benefit Rider is available with the plan. The rider pays an additional sum assured in case of accidental death during the policy tenure
- Premium discounts are available if the chosen sum assured is Rs.2 lakhs and above.
Read more about Types of life insurance plans
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LIC’s New Children’s Monck Plan
If you want to create a fund for your children which pays regular returns, this money back plan is suitable for you. You can buy the plan for your child. The plan features are as follows –
- Money back benefits are paid when the child attains 18 years, 20 years and 22 years.
- 20% of the sum assured is paid as money back benefit
- The plan attracts bonus additions. Simple reversionary bonus and a final additional bonus are paid under the plan
- Two optional benefits are available. Under the first benefit, the survival benefits can be postponed. Upon postponement, a higher survival benefit is paid. Another optional benefit is the premium waiver rider. Under this rider, if the parent dies, future premiums are waived off but the plan continues
Read more about Term life or money back plan which one to buy?
These are some of the best LIC plans for women in 2018. You can choose any plan you need based on your requirements. Go for a cancer care plan or an investment oriented one, but do insure your life. You are, after all, valuable!
Read more about 5 tips to buy life insurance
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