Best LIC Policy for 5 Years – Latest Update

Best LIC Policy for 5 Years Latest Update: Hello folks, Welcome to our fox tech zone blog. Here we provide you the complete details of the LIC policy based on 5 years plans. So if you are searching for the best 5 years LIC plans then don’t worry you are landed in the correct place. Stay tuned and keep reading the article. In today’s fast-moving world, we must devise a plan for the safety of our lives. Because we cannot predict what will happen in the future. Therefore, it is our duty to create a safe shield for ourselves and our families. One of the first reasons for this is economic. This is because, in today’s times, those who have been left behind by the economy will have to work harder. But the habit of saving when we are in good condition can help us overcome our problems by using the money we have saved for later testing. So everyone should start the habit of saving. We should try to save 10 to 20 percent of the remaining money to go with the money we earn in a month. Saving it will help our descendants or us in times of distress. 
Best LIC Policy for 5 Years
Best LIC Policy for 5 Years
The life insurance service we have here is just doing this job. This service is available to help us in times of need. Now let’s talk about life insurance service and the best LIC policy for 5 years.

Read: Best LIC New Plans 2019, Lic Child Career Plan Details

What is Life Insurance Service (LIC)?

Life Insurance Corporation of India is India’s largest life insurance service. The company has a variety of projects. The company has a number of products to meet the needs of customers and implement a wide variety of projects. The company is working towards the goal of customer satisfaction. It offers a number of plans, such as insurance, health plans, micro insurance, and pension plans. The company also has long-term plans. At the same time, there are short-term insurance plans. The company is implementing policies with policies. The best plans are when you see the benefits that customers have. The company takes many initiatives to satisfy customers. One of those is a short premium term plan with a five-year policy. It is one of the best programs with many benefits and also with easy terms and conditions. Maybe you want to change this plan in the long run and you can do it on this project too. Now let’s look at the best LIC policy for 5 years.

5 Year lic insurance policy
First, let’s look at LIC’s term guarantee plans that offer insurance coverage at minimum premiums. The insurer pays a small insurance premium for his family so he can protect his family’s finances. But if the insurer dies before the end of the policy term, his or her family members will receive the full insurance amount. But there are no maturity benefits in this plan. The plan has two policies. They are available from the beginning of the five year period. Let’s see what they are
  1. LIC Anmol Jeevan II
  2. LIC Amulya Jeevan II

1. LIC Anmol Jeevan II

This policy provides financial security to the insurer’s family who unfortunately dies. This policy is a five-year plan policy. The option to enroll in this policy varies depending on the age of the insurer. The minimum amount of this policy is Rs 6 lakh. The maximum amount is Rs 24 lakh. Now, let’s look into details about the premium charges for this policy.
If the insurer is 20 years old, the sum payable is Rs 2.09 per thousand. If you are 30 years old it is 2.31 rupees per thousand. If you are 40 years old, the rate is Rs 3.48 per 1000 rupees. 7.91 if you are 50 years old.

2. LIC Amulya Jeevan II

The plan is a fund to protect the family in the event of an unexpected death. The minimum policy period for this scheme is 5 years. The minimum amount of this policy is Rs 25 lakh and there is no limit on the maximum amount.
Furthermore, if the person is 20 years old, he/she will have to pay Rs 1.15 per thousand, Rs 1.28 if he is 30, Rs 2.03 if he is 40, and Rs 4.8 if he is 50 years of age. Now let’s look at the best LIC pension plans for 5 years.

LIC’s Retirement/Pension Plans:

This is a plan that you can use during your retirement. This is beneficial for people planning for the future. If you choose this plan, you will have to pay the installment. These pension plans are available for a minimum policy term of 5 years. They are as follows
  1. LIC Jeevan Akshay VI
  2. LIC New  Jeevan Nidhi

1. LIC Jeevan Akshay VI

Instant Annual Pension Plan This LIC Jeevan Akshay VI. You can repurchase that amount by paying a certain amount. This policy is for you to pay in installment mode. You can pay the installments at your discretion, either monthly or quarterly, once or half-yearly. The minimum age for entry into this policy is 30 years. The maximum age should be 85 years. The minimum purchase price of this policy will be Rs. 1 lakh and there is no limit to the maximum purchase price.

2. LIC New Jeevan Nidhi

LIC New Life Fund has a regular insurance policy. This functionality provides both LIC’s new life financial security and savings benefit. There are two covers available in this policy. One is a single premium cover. The second one is the occasional premium paying cover. Single premium coverage is available for five years to 35 years depending on the policyholder’s choice. Not only the annual offer but also the death benefit to the policyholder holding this card. It is a flexible cavity that offers a lot of choices. The individual policy terms and amount of premium, annual fees, etc. can be chosen based on your individual needs.

Read: LIC Jeevan Ankur Plan Review and Benefits

LIC Micro Insurance Plans:

This is one of the best 5 years of LIC policy. This program is an important project for low-income people in the country. The plan is to offer a combination of insurance and savings benefits for a small premium. This scheme is very effective for the protection of low-income people. This will protect the users’ funds. This project is a 5-year project. We will look at them as follows.
  1. LIC’s Bhagyalakshmi Plan
  2. LIC’s Jeevan Mangal Plan

1. LIC’s Bhagyalakshmi Project:

The minimum premium paying term in this plan is 5 years and the policy term is 7 years. The minimum age for entry into this program is 18 years. The maximum entry age should be 55 years. If the policyholder dies before the end of the policy, the policy pays the death benefit to the full extent of the sum assured. Perhaps the policyholder provides the first benefit if the accident survives. Those who wish to enroll in this policy will be 12 years rupees 45 paise per thousand, 129.30 rupees per thousand if they are 30 years old, 138 rupees 30 paise if they are 40 years old, 164 rupees 10 paise if they are 50 years old and 179 rupees if they are 55 years old. Pay in a penny.

2. LIC Jeevan Mangal Project

This is a life insurance plan. The premium amount is paid during the maturity period. This means that the sum of the policy will be refunded to the insurer. This policy is covered only for the period of premium paid. The minimum amount offered on this policy is Rs 10,000 and the maximum is Rs 50,000. The age limit for this policy is 18 to 55 years. This policy is a five-year policy. The payment process is as follows
Those who wish to join this policy will have to pay 175 rupees and 30 paise per thousand rupees if they are 20 years old, 179 rupees twenty-five paise if they are 30 years old, 199 rupees 25 paise if they are 40 years old and 269 rupees 45 paise if they are 50 years old.


LIC policy for 5 years is the shortest period of life insurance coverage. However, this five-year plan is very useful for you when it comes to the uncertainty of the long term plan. There are many people who choose short-term planning will like this info so please share it with your friends. Selecting a five-year policy enables you to enjoy the benefits in a short period of time.
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