As we all know Life Insurance Corporation of India always comes up with the best investment rate. Now let us discuss the reason why Life Insurance Corporation of India (LIC) has best policy for investment?
- The very first reason is that LIC is a Government Corporation, so the chances of security for our money are really very high.
- Around 50% is invested in Govt. Securities or other approved Investments, and approximately 15% is invested in infrastructural and social sector Investments. And about 35% in others to be governed by prudent exposure norms.
- The market share of LIC is around 73%, which means whatsoever the situation is, LIC has a good will in market.
- Around 99% of claims are settled with Life Insurance Corporation of India.
- The best policy for investment in LIC for long term benefits is Jeevan Lakshay VI. This is a single annuity plan. You have to pay just once and you will get lifelong pension (depending on number of years you choose). Here are some of the features, why is this lic’s best policy for investment.
- Single premium is to be paid in lump sum amount.
- The minimum entry age is 30 years will the maximum age is 85 years.
- The best part is no medical examination is required for this policy.
- The minimum purchase value is 1,00,000 and to the maximum there is no limit.
- The annuity payable for life increasing at a simple rate of 3%.
For further features contact – +91 – 86990-07012.
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