Have you ever got LIC 1000 per month policy for 10 years? If not, then know that such a policy exists in LIC, which was launched on January 19, 2023. Before this, LIC never had any such scheme, whose term is less than ten years.
But in this policy, you will get a minimum term for a premium payment is seven years, and along with this, you will have to pay significantly less premium.
LIC never used to compromise with its term, but considering the increasing competition in the insurance market, it has planned to bring such type plan as LIC 1000 per month policy for 10 years.
There are many more features of this plan; further, we will know them in detail in this post.
LIC 1000 per month policy for 10 years
In the name of the LIC 1000 per month policy for 10 years, till now, you were advised by the insurance adviser for Aadharshila and Aadhar Stambh plan. But that plan also had a minimum term of 12 years, while the maximum term for premium payment in this scheme is only 12 years.
Here is one more thing I would like to clarify: if you want to take maturity up to 12 years, you should take Aadhaar Stambh or Adharshila.
Because even though the premium has to be paid for seven years in this new plan, maturity is available only at a minimum of 15 years. Any person whose age is less than 50 years can join this plan. It is a limited-term endowment savings plan. When you search for LIC 1000 per month policy for 10 years, you would want good benefits too.
In this scheme, you will get a fixed amount between 2 lakhs and 5 lakhs. This means In this scheme, the minimum sum insured is ₹ 2,00,000 and the maximum sum insured is ₹ 5,00,000. You will get this amount after the completion of the time.
Now we reveal the policy’s name, LIC Jeevan Azad Plan, whose table number is 868. Click here to know more about this policy.
Also, if you are looking for a LIC 1000 per month policy for 10 years in LIC, then you can also go for the ULIP plan, but I will not recommend it.
Because it completely depends on the market how much profit you will get. As a LIC 1000 per month policy for 10 years in LIC, you can join Aadhaar Stambh, Aadharshila or Jeevan Azad plan because these three are endowment plans in which you will get savings as well as security.