Best LIC Policy High Returns 2018 (New Investment Plan)

Checkout exclusive info on Best LIC Policy with high Returns for 2018 written by Prof.Kirti Jain. A high Returns on Investment is what most people go after. While taking an Insurance Policy from LIC for 2018, you have to chose the best one that suits your needs and also that offers you high returns and monetary gains. There are many Life Insurance Polices offered by LIC, few of which are LIC Jeevan Anand Plan, LIC Jeevan Saral plan etc. Below we have selected Top 3 Best Insurance Policies of LIC that offers high Return on you money.

Characteristics of Best LIC Policy

Risk Coverage 60%
Returns 25%
Service 15%

List of Best LIC Policy 2018

  • LIC Jeevan Anand Plan
  • LIC New Endowment Plan
  • LIC Jeevan Saral Plan
  • LIC Children Money Back Plan

LIC Jeevan Anand Plan : Rank #1 High Returns LIC Policy 2018 

This is one of the highest sold Insurance Policies from LIC. Due to its varied benefits like providing Risk coverage even after the maturity for life time makes it most sought after Life Insurance plan.

LIC Jeevan Anand is an endowment cum whole life policy along with Bonus facility. This is a Double Death Benefit Plan if the life insured survives till the end of the policy term. This plan has average premium, high bonus rate and great liquidity features.

In LIC Jeevan Anand plan, the customer receives the Sum Assured and Bonus as Maturity Benefit but the life cover chosen continues till his death. Again an additional Sum Assured is paid whenever the Life Insured dies. Thus this plan is both an endowment plan and a whole life plan.

Rebate on LIC Jeevan Anand Policy 2018

Period Rebate
Quarterly  Nil
Half Yearly 1%
Yearly 2%

In LIC Jeevan Anand Policy, if the life insured dies before the completion of premium paying term, i.e. within the policy tenure, the entire Sum Assured along with accrued Bonus is paid to the nominee and the policy would terminate.

LIC Jeevan Anand Policy also provides an additional Accidental Death and Disability Benefit is payable till 70 years of age of the life insured.

At the maturity of the Jeevan Anand Policy, the insured person will get Sum Assured, Accrued Bonus and also a Final Addition Bonus

LIC New Endowment Plan : Rank #2 High Returns LIC Policy 2018

The only plan that offers the best Insurance protection, Savings and also high returns is the LIC New Endowment Plan. Before we go further, first try to understand what is an Endowment Insurance Policy actually mean.

Endowment plan is a wonderful way of saving a huge amount of money to help you secure your future financially. An endowment policy is like a life insurance policy but this one pays out within a specific term end. The terms last from 10, 15 to 20 years.

This type of insurance policy is available before the death on its maturity. It is available on account of the policy holder’s critical illness as well.

Normally there are two types of endowments:

  • Unit linked endowments : Unit linked endowments are premiums that are paid for in units of a unitized fund encashed to cover the cost of life insurance.
  • Full endowments : A full endowment is equal to the sum to avail at death of the policy holder, assuming growth the sum to be availed will be much higher than the sum insured.

LIC New Endowment Plan offers both Death benefits and also Maturity Benefits. You will also earn extra premiums on this insurance policy.

LIC Jeevan Saral Plan : Rank #3 High Returns LIC Policy 2018

In this policy, the premium amount is decided by the policy holder only. There is the facility of Partial Surrender of the Insurance Policy allowed up to the 3rd Year.

Premiums on LIC Jeevan Saral plan are payable yearly, half-yearly, quarterly, or monthly through salary deductions as opted by you throughout the term of the policy or till earlier death.

The amounts receivable under LIC Jeevan Saral plan is as follows:

In case of death:

The Insured person will receive the 250 times the monthly premium amount and an additional amount for Return of Premiums.

The death benefit in LIC Jeevan Saral plan is directly related to the premiums paid. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term. It also offers the flexibility of term and a lot of liquidity.

In case of Maturity:

In this case, the amount received the entire Sum Assured and also an additional amount as Loyalty Additions calculated by the LIC.

Changing Maturity Year in LIC Jeevan Saral plan

Say for example you wanted the risk to be covered for say 20 yrs and paid for it. Now you want it to cover risk for say 25 yrs. Essentially.

You have to pay and go for relevant health check  for your present age. Your premium therefore will be upwardly revised. So better to go for another insurance to satisfy your changed insurance need.

Conclusion: High Return LIC Policy

So, it is clear that, the above mentioned three plans are the Best LIC Policies that offer high returns on your Investment.