BIG Gains: 7 LIC Plans to invest in 2022 --Check Returns, Minimum and maximum investment

Life Insurance policies are traditional instruments of investment for people with low risk appetite. In the current volatile market situation, if you are looking for some long term investment along with assured returns, Life Insurance of India (LIC) could be one option. LIC Policies not only give you assured return, they also protect you from the high volatility in the market. Here are 7 LIC policies to invest in 2022.

LIC's Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.

- Plan No. 936

- UIN No. 512N304V02

- Minimum age: 8 years

- Maximum age: 50-59 years

- Basic sum assured: Rs 2,00,000 to no limits

- Maximum maturity age 75 years

LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.

- Plan No. 914

- UIN No. 512N277V02

- Minimum age: 8 years

- Maximum age: 55 years

- Basic sum assured: Rs 1,00,000 to no limit

- Maximum maturity age: 75 years

LIC’s New Jeevan Anand Plan is a Non-linked, Participating, Individual, Life Assurance plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility

- Plan No. 915

- UIN No. 512N279V02

- Minimum age: 8 Years

- Maximum age: 50 Years

- Basic sum assured: Rs 1,00,000 to no limit

- Maximum maturity age: 75 years

LIC's Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility.

- Plan No. 933

- UIN No. 512N297V02

- Minimum age: 18 Years

- Maximum age: 50 Years

- Basic sum assured: Rs 1,00,000 to no limit

- Maximum maturity age: 65 years

LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term.

- Plan No. 945

- UIN No. 512N312V02

- Minimum age: 90 days

- Maximum age: 55 years

- Premium Paying Term: 15, 20, 25 and 30 years

- Basic sum assured: Rs 2,00,000 to no limits

- Maximum maturity age: 100 years

LIC’s New Children’s Money Back Plan is a Non-linked ,Participating, Individual, Life Assurance money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on surviving to the end of the specified durations. The plan can be purchased by any of the parent or grand parent for a child aged 0 to 12 years.

- Plan No. 932

- UIN No. 512N296V02

- Minimum age: 0 Years

- Maximum age: 12 years

- Basic sum assured:  Rs 1,00,000 to no limit

- Maximum maturity age: 25 years

LIC’s BIMA SHREE Plan is a non-linked, participating, individual, life assurance savings plan. LIC’s Bima Shree plan is a limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 lakhs especially designed for targeted segment of High Net-worth Individuals. - Minimum Age at entry: 8 Years (completed)

- Maximum Entry Age: 55 years (nbd) for policy term 14 years 51 years (nbd) for policy term 16 years 48 years (nbd) for policy term 18 years 45 years (nbd) for policy term 20 years

- Age at Maturity: 69 years (nbd) for policy term 14 years 67 years (nbd) for policy term 16 years 66 years (nbd) for policy term 18 years 65 years (nbd) for policy term 20 years

- Policy Term: 14, 16, 18, 20 years

- Minimum Basic Sum Assured: Rs 10,00,000 to no limit