Question 1

Which LIC plans are best for retirement planning?

Accepted Answer

LIC Jeevan Shanti and LIC New Pension Plus help create regular income after retirement while protecting long-term financial goals.

Question 2

How do child education plans work?

Accepted Answer

LIC Jeevan Tarun helps parents build funds for higher education and future milestones with survival benefits at key intervals.

Question 3

Why choose term insurance?

Accepted Answer

Term insurance provides maximum financial protection for your family during unforeseen situations at affordable premiums.

Question 4

What is the best LIC plan for retirement?

Accepted Answer

LIC Jeevan Shanti (Plan 858) offers immediate or deferred annuity options for a steady pension income.

Question 5

How much term insurance is needed?

Accepted Answer

Financial experts recommend 10-15 times your annual income as term insurance cover.

Question 6

Which LIC plan is suitable for child education?

Accepted Answer

LIC Jeevan Tarun (Plan 934) is designed for child education, providing benefits aligned with education milestones.

Question 7

How does LIC investment planning work?

Accepted Answer

LIC plans like Jeevan Labh and Jeevan Anand combine insurance protection with savings and guaranteed returns plus bonuses.