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LIC New Plans :Just before the festive season, the country’s most trusted insurance company, Life Insurance Corporation of India (LIC) has given a big gift to investors by launching two new great plans in the market. The names of these schemes are LIC Jan Suraksha and LIC Bima Lakshmi.

Launched from October 15, these policies have been specially designed for those who want guaranteed returns on their investments while staying away from the risks of the stock market. The biggest feature of both these schemes is that they are non-linked and non-participating, which simply means that your money will be completely safe and market fluctuations will not have any effect on it.

These new plans of LIC have given a safe option to the investors, where the worry about guaranteed returns is completely eliminated.

Your money will be 100% safe

In today’s era, when most of the investment options are linked to market risks, it becomes difficult to find such schemes where money is guaranteed to be safe. These two new plans of LIC fill this gap. Being non-linked means that their money is not invested in the stock market or any kind of equity fund, so no matter how much turmoil there is in the market, there is no impact on your returns.

At the same time, being non-participating means that no bonus is given on the basis of the company’s profits, rather at the time of taking the policy, you are told how much amount you will get on maturity. This transparency gives investors a peace of mind that their future is financially secure. These non-linked and non-participating plans of LIC have made secure investment easy.

This scheme is special for low income people

LIC has always taken care of every section of the society and Jan Suraksha Plan (LIC Jan Suraksha) is a great example of this thinking. This scheme has been specially designed keeping in mind the needs of economically weaker and low income families. This is a microinsurance plan, whose objective is to provide the protective cover of life insurance to people at a very nominal premium.

Many times people with limited income ignore important things like insurance because they find the premium expensive. Jan Suraksha Yojana (LIC Jan Suraksha) removes this obstacle. This ensures that in case of any untoward incident, the family does not face sudden financial crisis.

Since this plan is not market linked, there is no risk involved and is an affordable and reliable option for those who give the first priority to the safety of their family. This microinsurance scheme has made secure investment real for low income families.

A great combination of security and savings

The needs of middle class families are slightly different. They not only want a strong insurance cover for their family, but also want to invest their hard-earned money in such a way that a good sum can be accumulated for future goals, such as children’s education, marriage or retirement. LIC Bima Lakshmi plan fulfills both these needs simultaneously.

It offers the benefits of life insurance protection and savings in a single plan. Under this plan, the policyholder not only gets lifetime protection cover, but also gets a lump sum guaranteed maturity amount on completion of the policy term. This plan is also completely free from market risks, so it is a good option for those who want to plan for a secure future without any tension.