THESE are 4 LIC schemes offering HIGHEST RETURN; Check return calculator, policy terms, premiums, other key details

The most popular and secure alternative for Indians is a LIC (Life Insurance Corporation) policy. A crucial aspect of personal finance is having insurance. It shields your family's finances and gets you ready for unforeseen circumstances. Having insurance is a must if you are the family's lone provider of income. The insurance provider offers a range of insurance services to suit the needs of diverse customers, including life insurance, term insurance, cancer insurance, ULIP, money return plans, Endowment policies, whole life policies, postal life insurance, and pension plans. In this gallery, you will learn about the LIC insurance with the highest return, the LIC policy list to optimise your return, as well as its advantages and features.

The LIC Jeevan Akshay VI plan is available (Life Insurance Corporation). It is an annuity plan designed to give the policyholder a steady stream of income. This plan can be purchased for a lump sum payment. The plan safeguards your financial future after retirement and entitles you to lifelong annuity payments.

Terms and conditions of this plan:

-The plan is appropriate for those who want to continue receiving pension benefits after retiring.

- Either a single policyholder or the policyholder and spouse may purchase the plan.

- Except when purchasing online, the minimum purchase amount is INR 1 lakh, and it is INR 1.5 lakh when purchasing online. The highest possible purchase price is unrestricted.

- A person between the ages of 30 and 85 may purchase this plan.

- The LIC Jeevan Akshay VI plan offers loan benefits to the policyholder.

- The payment is tax-exempt under section 80 D of the Income Tax Act, but the pension benefit is taxable.

A plan specifically created for kids up to age 12 is called the LIC New Children's Money Back Plan. By covering the costs of their higher education and marriage, this plan offers financial security. Additionally, during the policy's term, the child receives risk cover benefits along with survival benefits.

Parents purchase the plan for their children in order to protect their future and to enable them to realise their dreams because the insurance provider will pay a lump sum at the conclusion of the tenure.

- Maturity benefits, death benefits, and survivor benefits are given to the policyholders.

- The entrance age of the policyholders affects the policy's duration.

- The entrance age of the policyholders affects the policy's duration. Consider a scenario where the policyholder's entrance age is 5 years and the policy's term is 25 years plus 5 years, or 20 years.

- Within 15 days of the original purchase date, the plan may be returned.

- The insurance sum assured at the time the plan was purchased serves as the basis for the maturity amount.

- There is no upper limit on the insurance sum assured, which starts at INR 1 lakh.

- The premium can be paid on a monthly, quarterly, half-yearly, or annual basis by the policyholders.

- The LIC New Children's Money Back Plan offers lending benefits to policyholders.

Since accidents are one of the leading causes of mortality worldwide, having insurance is essential. In the event of the policyholders' accidental death or disability, the LIC Accidental Death and Disability Rider insurance offers cash compensation to the beneficiaries. Accidental benefits are typically an add-on to your insurance policy's base cover and are provided by LIC.

- The minimum and maximum purchase ages for this plan are 18 and 65, respectively.

- The Accident Benefit Rider from LIC has a minimum sum assured of INR 2 lakh and a maximum sum assured of INR 2 crore.

- In the event that the policyholder's death results from an attempted suicide, driving while intoxicated, self-injury, or insanity, the nominees will not be awarded any rider sum insured.

- Or the policyholder passed away after taking part in unrest, conflict, civil unrest, an adventure, or a rebellion.

- The plan is an optional add-on benefit to your primary insurance policy. You must pay an additional premium in order to get the accidental death benefits.

Within the policy's duration, the plan offers both financial protection and loyalty enhancement. The insurance sum assured and the method of premium payment are both options for the consumer. However, both the premium payment and the policyholder's entrance age affect the insurance sum assured.

Terms and Conditions of LIC New Endowment Plan:

- The minimum and maximum purchase ages for this policy are 8 and 55 years, respectively.

- The policy can last for a maximum of 35 years.

- There is no upper restriction on the minimum insurance sum assured of INR 1 lakh.

- The premiums can be paid monthly, quarterly, half-yearly, or annually by the policyholder.

- If all premiums are paid, the insurance sum promised is paid in one lump sum to the nominees together with additional bonuses.