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LIC Plan 5 Years Double Money: Best LIC Policy for 5 Years

If you are considering investing in LIC, understanding the LIC Plan 5 Years double money part is essential.

In this article, we’ll delve into LIC’s 2023 offerings, specifically focusing on the plan designed to double your investment in just five years, i.e., the best LIC policy for 5 years.

Across both rural and urban landscapes, LIC plans, especially the LIC plans for 5 years are a popular choice for individuals aiming to gain substantial interest in their capital.

However, for people who are new to LIC policies, questions naturally arise regarding the timeline for doubling their investment, the monthly installment commitment, and the expected returns.

This article aims to provide comprehensive insights into the LIC Plan 5 Years double money plan, offering a roadmap to potentially double your investment in just half a decade.

Also read: Best LIC Single Premium Policies in India

List of LIC Plan 5 Years Double Money

  1. LIC pension plus plan
  2. LIC MF Large & Mid Cap Fund
  3. LIC MF Nifty 100 ETF
  4. LIC Term Assurance Plans
  5. LIC Micro Insurance Term Plans

Best LIC Policies for 5 Years to Double Money

When it comes to investing in the LIC Plan 5 Years double money, a deep understanding of all the best LIC policies for 5 years is essential.

Investing in specific LIC plans that are the best LIC policies for 5 years can yield substantial returns. If you’re looking to increase your income through the LIC Plan 5 Years double money route, this article is for you.

We will be mentioning the best LIC policies for 5 years that will help you double your money in 5 years. So read on.

1. LIC Pension Plus Plan

The LIC Pension Plus Plan stands out as an exceptional choice in the LIC Plan 5 Years double money category. It’s tailored to double your investment within this period, providing a reliable income stream post-retirement.

Given its 5-year double money feature owing to its LIC Plan 5 Years double money feature, there’s a lock-in period preventing early withdrawals. However, after this period, policyholders can surrender the plan and access their invested amount.

For instance, if you’re 30 in 2023 and invest Rs. 100,000 by 2028, at an annual interest rate of 19.02%, your investment will grow to approximately Rs. 200,000, highlighting the plan’s effectiveness.

LIC Pension Plus Plan Details
Policy Period10-42 years
Premium Payment TermMin 5 years
Maximum Sum AssuredNo cap
Minimum Sum Assured1 Lakh
Age Limit25-75 years

Key Features:

  • LIC Mutual Fund oversees the plan, enhancing trust and reliability. For a plan to be LIC Plan 5 Years double money plan, it is an added bonus.
  • The plan facilitates building a substantial retirement fund, ensuring a steady post-retirement income.
  • Policyholders can choose between equity, debt, or a combination based on their risk tolerance.
  • A minimum investment of Rs. 20,000 is required, with options for lump sum payments.
  • The minimum policy term for the LIC plans for 5 years, ranges from 5 to 20 years, after which regular pension payments commence.

2. LIC MF Large & Mid Cap Fund – Growth

The LIC MF Large & Mid Cap Fund – Growth is an insurance product offered that is one of the best LIC policies for 5 years. This plan attempts to double your investment in approximately five years. Operating as a type of mutual fund within LIC’s portfolio, it allocates 96% of your investment into equity holdings of both large-cap and mid-cap companies.

Within this allocation, 31% is invested in large-cap companies, another 31% in mid-cap, and 22% in small-cap, with the remaining funds strategically placed elsewhere. Hence, this creates a balanced and diversified portfolio.

Considered a notably secure investment, this best LIC policy for 5 years’ focus on companies with substantial market capitalization translates to a negligible level of risk. Therefore, this comes with a high growth potential. Under the expert management of LIC, your investments find their way into some of the most esteemed names in the stock market, such as Reliance Industries, Hindustan Unilever, TCS, and others.

Speaking of returns, if you were to invest Rs 10,000 in LIC MF Large & Mid Cap Fund in 2023, you could anticipate a value of around Rs 17,000 after five years, essentially doubling your initial investment. Owing to these features, it has been one of the best LIC policies for 5 years.

LIC Mutual Fund Large & Mid Cap Fund
Investment ObjectiveTo give long-term capital growth by investing in both large-cap and mid-cap companies.
Fund CategoryLarge and Midcap Fund
Minimum Investment AmountINR 1000
Exit Load1% if redeemed within one year from the date of allotment
Investment OptionsLump sum and SIP
Fund ManagerMr. Sudhir Kedia
BenchmarkNifty Large Midcap 250 TRI

Key Features:

  • LIC Large & Mid Cap Fund falls under the category of an open-ended equity scheme, expertly managed by LIC Mutual Fund.
  • The fund is strategically designed to deliver long-term capital appreciation through a blend of large and mid-cap equity instruments. Thus making it one of the best LIC policies for 5 years.
  • The fund maintains a flexible approach, allocating between 35% to 65% of investments in large-cap companies and an equivalent percentage in mid-cap companies, striking a balance between stability and growth potential.
  • Investors can start with a minimum investment of Rs 1,000 and also have the option to make regular investments through a Systematic Investment Plan (SIP).
  • The minimum holding period for this LIC Plan 5 Years double money is one year, after which investors have the flexibility to redeem their investments.

3. LIC MF Nifty 100 ETF

The LIC MF Nifty 100 ETF stands out as a prime option within LIC Plan 5 Years double money plans. It promises the potential to double your investment in just five years. This offering, which also doubles down as a mutual fund within LIC’s array of products, directs your funds toward the NIFTY 100 index.

Remarkably, 99.8% of your investment finds its place in the stock market through this ETF. Of this, a significant 81% is allocated solely to large-cap stocks, with 7% designated for mid-cap and a modest 0.8% set aside for small-cap holdings.

When compared, the LIC MF Nifty 100 ETF emerges as a notably secure investment choice, especially in contrast to the LIC MF Large & Mid Cap Fund discussed earlier. This is due to the fact that your funds are strategically placed in the top 100 companies featured in the Nifty index of the stock market. This particular feature makes it one of the best LIC policies for 5 years.

These companies represent the largest conglomerates in India, presenting a situation where risk is minimal and growth potential is exceptionally high.

In essence, this LIC plan not only offers safety but also yields impressive returns. Investing in this ETF can potentially lead to your investment more than doubling in just five years. Hence, if you looking for the best LIC policies for 5 years in India, LIC MF Nifty 100 ETF is a very lucrative option.

LIC MF Nifty 100 ETF
Investment ObjectiveAim to mirror the overall returns of the securities in line with the Nifty 100 Index, accounting for potential tracking variations.
Asset ClassEquity
Expense Ratio0.10% (as of September 30, 2021)
Listing ExchangeNational Stock Exchange (NSE)
Minimum Investment AmountOne unit ( priced at around Rs. 1,000 during initial listing)
RiskometerModerately High
Index TrackedNifty 100 Index
Exit LoadNone

Key Features:

  • The LIC Nifty 100 ETF operates as an exchange-traded fund under the astute management of LIC Mutual Fund.
  • This ETF is purposefully designed to provide returns that mirror the performance of the Nifty 100 index.
  • Within this ETF, investors can gain exposure to the top 100 companies featured in the index. This allocation consists of 72 large-cap companies and 28 mid-cap companies.
  • The ETF allows for investments starting from Rs. 1,000, and investors have the flexibility to redeem their investments at any time. The flexibility adds to the overall benefits of this best LIC policy for 5 years.
  • It’s important to note that the performance of this LIC ETF is intricately linked to the performance of the Nifty 100 index. Returns may fluctuate depending on prevailing market conditions even for the best LIC policies for 5 years.

4. LIC Term Assurance Plans

The LIC term assurance plan is an important part of the LIC Plan 5 Years double money series. It serves as a vital life insurance protection, providing crucial financial security for one’s family at a minimal premium.

In the unfortunate event of the insured’s passing during the policy term, the designated beneficiary receives the death benefit, equivalent to the full sum insured amount. It’s important to note that in a term assurance plan, there are no maturity benefits available if the insured survives to the end of the policy term.

LIC Anmol Jeevan II

LIC Anmol Jeevan II is a LIC Plan 5 Years double money that provides risk cover. It ensures a lump sum death benefit to the nominee in the event of the insured’s passing during the policy term. This plan offers a sum assured of up to Rs. 24 lakhs, providing substantial financial protection.

LIC Anmol Jeevan II 
Eligibility CriteriaMinimumMaximum
Entry Age18 years55 years
Maturity Age65 years
Premium Paying Term5 years25 years
Policy Tenure5 years25 years
Premium Payment ModeYearly and half-yearly 
Sum AssuredRs. 6,00,000Rs. 24,00,000 (in multiples of Rs 1,00,000)

LIC Amulya Jeevan II

LIC Amulya Jeevan II is also an important part of the best LIC policy for 5-year term assurance plan. It is designed to provide crucial financial protection for the insured’s family in the unfortunate event of their demise during the policy tenure. In the event of the life assured’s passing, the sum assured is given to the nominee. However, if the insured survives the policy term, no maturity benefit will be applicable.

 LIC Amulya Jeevan ii  
Eligibility CriteriaMinimumMaximum
Entry Age18 years60 years
Policy Tenure5 years35 years
Maturity Age70 years
Sum AssuredRs. 25,00,000No upper limit (in multiples of Rs 1,00,000)
Premium Paying Term5 years35 years
Premium Payment ModeYearly and half-yearly

5. LIC Micro Insurance Term Plans

LIC’s micro insurance plans are thoughtfully tailored for the lower-economy segments of our society. These LIC best plans for 5 years offer them financial security at an affordable premium rate. These plans ensure that families can safeguard themselves against unforeseen circumstances without straining their financial resources.

1. LIC New Jeevan Mangal Plan

The LIC New Jeevan Mangal Plan is one of the robust LIC plans for 5 years, designed to provide financial security to the policyholder and their family, all at a pocket-friendly premium.

Eligibility CriteriaMinimumMaximum
Entry Age18 years55 years
Maturity Age65 years
Sum AssuredRs. 10,000Rs. 50,000 (in multiples of Rs 1,000)
Single Premium Policy tenure5 years10 years
Regular Premium Policy Tenure10 years15 years
Premium Paying Term5 years13 years
Single premium amountRs. 60Will vary based on the sum assured, entry age, policy term, and other factors.
Premium Payment ModeRegular premium – Monthly, quarterly, half-yearly, yearly 

2. LIC Bhagya Lakshmi Plan

The LIC Bhagya Lakshmi Plan is a non-participating, limited payment protection-oriented scheme. It guarantees a return of 110% of the total premium paid upon plan maturity. In case of the policyholder’s demise within the policy’s tenure, the premium is paid to the insured or provided as a death benefit to the nominee. This ensures financial security for the policyholder’s loved ones, making it a great lic plan for 5 years investment.

Eligibility CriteriaMinimumMaximum
Entry Age18 years42 years for PPT 5 years

55 years for PPT 6 to 13 years

Maturity Age65 years
Premium Paying Term5 years13 years
Policy Tenure(PPT + 2 years)7 years

15 years

Sum AssuredRs. 20,000Rs. 50,000 (in multiples of Rs 1,000)
Premium Payment Mode

 

 

Monthly, quarterly, half-yearly, yearly, and single premium 

LIC Plan 5 Years Double Money: Important Things to Know

No Absolute Guarantee: It’s important to note that no LIC plan, even if it is in the category of best LIC policy for 5 years, offers an absolute guarantee that your money will double in just five years.

1. Past Returns Are Not Definite

Past returns should not be viewed as an assurance of future performance. They may fluctuate and potentially decrease over time. Hence, it is important to research all aspects of the best LIC policies for 5 years before making the final investment.

2. Market Fluctuations Impact Returns

Returns on your investment are subject to market fluctuations. They can experience both increases and decreases. Hence, it may not be directly linked with the LIC Plan 5 Years double money.

3. Consistent Returns Not Assured

Some LIC plans for 5 years may not provide consistent returns, as they can vary based on market conditions.

FinanceGAB
FinanceGABhttps://financegab.com/
Ajeet Sharma, the founder of Financegab and a well-known name in the field of financial blogging. Blogging since 2017, he has the expertise and excellent knowledge about personal finance. Financegab is all about personal finance which aims to create awareness among people about personal finance and help them to make smart, well-informed financial decisions.

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