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Your Comprehensive Guide to Life Insurance with InfoMastersHub

Explore a wealth of information on LIC policies and stay updated with the latest news in the world of life insurance. InfoMastersHub.com is your go-to resource for understanding, comparing, and staying informed about LIC offerings. Discover the coverage that suits your needs and stay ahead with the most recent developments in life insurance.”

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Empowering Your Future: Unveiling the Top 10 LIC Policies for Financial Security

Best LIC Plan in India

S. No.	LIC Policies	Policy Type	Entry Age	Maximum Maturity Age	Policy Term	Minimum Sum Assured (Rs.)
1	LIC New Jeevan Anand	Endowment	18 – 50 years	75 years	15 – 35 years	1 Lakh
2	LIC Tech Term	Term	18 – 65 years	80 years	10 – 40 years	50 Lakhs
3	LIC New Endowment Plus	ULIP	90 days – 50 years	60 years	10 – 20 years	10 times the annualized premium
4	LIC Jeevan Shiromani**	Money-back	18 – 55 years	69 years	14, 16, 18, 20 years	1 Crore
5	LIC Jeevan Amar	Term	18 – 65 years	80 years	10 – 40 years	25 Lakhs
6	LIC New Jeevan Shanti	Pension	30 – 79 years	80 years	NA	NA
7	LIC New Children’s Money-back Plan	Money-back	0 – 12 years	25 years	25 years minus Age at Entry	1 Lakh
8	LIC Jeevan Umang	Whole-Life	90 days – 55 years	100 years	100 years minus Age at Entry	2 Lakhs
9	LIC SIIP	ULIP	90 days – 65 years	85 years	10 – 25 years	7 – 10 times the annualized premium
10	LIC Jeevan Akshay VII	Pension	30 – 100 years	85 – 100 years	NA	NA

** The Maximum Entry Age and Maximum Maturity Maturity Age vary per the Policy Term chosen

* Disclaimer: InfoMastersHub.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

1. LIC New Jeevan Anand:
   • Key Features: Offers both insurance coverage and savings with a guaranteed maturity benefit.
   • Benefits: Death benefit, maturity benefit, and participation in profits.
   • Considerations: Premiums paid are eligible for tax benefits.
2. LIC Jeevan Labh:
   • Key Features: Limited premium payment term with a fixed maturity sum assured.
   • Benefits: Death benefit, maturity benefit, and participation in profits.
   • Considerations: Offers flexibility in premium payment terms.
3. LIC New Endowment Plan:
   • Key Features: Traditional endowment plan with savings and insurance coverage.
   • Benefits: Death benefit, maturity benefit, and additional bonuses.
   • Considerations: Premiums paid are eligible for tax benefits.
4. LIC Jeevan Umang:
   • Key Features: Whole life insurance plan with guaranteed survival benefits.
   • Benefits: Death benefit, maturity benefit, and regular payouts after the premium-paying term.
   • Considerations: Provides a life cover up to the age of 100 years.
5. LIC Jeevan Pragati:
   • Key Features: Non-linked, with-profits endowment plan offering automatic increases in risk cover.
   • Benefits: Death benefit, maturity benefit, and inbuilt accidental death benefit.
   • Considerations: Premium payment terms are flexible.
6. LIC Money Back Plan:
   • Key Features: Non-linked, participating, money-back plan.
   • Benefits: Periodic survival benefits, death benefit, and maturity benefit.
   • Considerations: Offers liquidity through regular payouts.
7. LIC Single Premium Endowment Plan:
   • Key Features: Single premium payment for a lump sum maturity benefit.
   • Benefits: Death benefit, maturity benefit, and additional bonuses.
   • Considerations: Suitable for those who prefer a one-time premium payment.
8. LIC Jeevan Shanti:
   • Key Features: An annuity plan offering immediate or deferred annuity options.
   • Benefits: Regular annuity payouts, death benefit, and maturity benefit.
   • Considerations: Provides a guaranteed income stream for the policyholder.
9. LIC Aadhaar Shila:
   • Key Features: A non-linked, regular premium, endowment assurance plan.
   • Benefits: Death benefit, maturity benefit, and loyalty additions.
   • Considerations: Premiums paid are eligible for tax benefits under Section 80C.
10. LIC Tech Term Plan:
    • Key Features: A non-linked, pure term insurance plan with options for critical illness and accidental death benefit riders.
    • Benefits: Death benefit, critical illness benefit, and accidental death benefit.
    • Considerations: Offers a high level of life coverage at an affordable premium.

** Remember to research and verify the specific features, benefits, and considerations of each policy before making any decisions. It’s recommended to consult with a licensed insurance advisor for personalized guidance based on your financial goals and needs.

Quick links:

• licbima jyoti plan

• lic jeevan utsav

new business premiums

“New business premiums” typically refers to the total amount of premiums generated by an insurance company from new policies or contracts during a specific period. These premiums represent the revenue generated from new customers or policies as opposed to renewals or existing business. Insurance companies often track new business premiums as a key performance indicator to assess their growth and market share.

rs crore

A crore is a unit of measurement used in India, Bangladesh, Nepal, and Pakistan to represent 10 million. It is derived from the Sanskrit word “koti,” which also means ten million. 

In the Indian numbering system, a crore is written as 1,00,00,000. In other countries, it is written as 10,000,000. 

Here are some other details about crores: 

• A crore is equal to 100 lakhs.
• A lakh is equal to one hundred thousand.
• A crore has seven zeros, while a million has six.
• Another name for crore is Kodi, khokha, karod, karoo, or koti.

Llife insurance corporation

The Life Insurance Corporation (LIC) is a state-owned insurance group and investment company in India. It is one of the largest insurance and investment companies in the country. Here are some key points about the Life Insurance Corporation:

1. Establishment: LIC was established in 1956 by the government of India. It was formed by merging around 245 insurance companies and provident societies.
2. Ownership: LIC is wholly owned by the Government of India. It operates under the Ministry of Finance.
3. Products and Services: LIC offers a wide range of insurance and investment products, including life insurance plans, pension plans, and unit-linked insurance plans (ULIPs). The company also provides various financial services.
4. Market Presence: LIC is a dominant player in the Indian insurance market. It has a vast network of agents, branches, and offices across the country.
5. Social Initiatives: LIC has been involved in various social initiatives and has contributed to the development of infrastructure projects in the country.
6. Policyholders: LIC has a large customer base, with millions of policyholders.

Upside potential of up

This is not professional financial advice. Consulting a financial advisor about your particular circumstances is best. 

Upside potential is the amount by which investors or analysts expect a security’s price to increase. 

To calculate upside stock, you can: 

1. Subtract the present price from the high price
2. Subtract the low price from the present price
3. Divide the two figures

The result is the Upside/Downside Ratio. 

Here are some examples of upside potential: 

• Nasdaq index: The tech-heavy Nasdaq index is up by more than 35% for the year.
• BSE share price: BSE shares have more than 25% upside potential.
• 5 largecap stocks: 5 largecap stocks from different sectors have upside potential of up to 31%.
• 4 branded apparel makers: 4 branded apparel makers have an upside potential of up to 37%.