Life Insurance Corporation of India (LIC) is a Government of India enterprise, and is said to be the largest life insurance company and also the largest investor of the country. It was founded in the year 1956 and has been serving people ever since. The main objective of this corporation was to spread awareness about the life insurance among the financially backward people as well as the … [Read more...]
Life Insurance is Must
'If I die someday suddenly, what would my family do? How would they earn money? I don't have anything left to secure my family….!' this is the condition of most of the people who are unaware about the various types of life insurance plans available which can secure your future. Many of us often don't understand the importance of life when you no more have enough time left with you to secure your … [Read more...]
Jeevan Nidhi – Pension Plan
LIC Jeevan Nidhi Pension plan Summary: Update: New Jeevan Nidhi Table no.812 launched. Refer to http://www.mylicindia.com/new-jeevan-nidhi-812/ If you want to ensure a pleasant life after retirement, then you should consider LIC's Pension Plan. In other words, now you can retire at the age of 40 with Life Insurance Corporation of India's pension plan. LIC's Jeevan Nidhi (Table … [Read more...]
New Janaraksha Plan
New Janaraksha Plan Summary: ( Table No.91 ) New Janaraksha Plan is an Endowment Assurance plan that provides financial protection against death throughout the term of plan. It provides full life insurance for 3 years even when the premiums are not paid. New Janaraksha Plan (with Profits) is specially designed for people with irregular income and whose job is not secure due to fluctuating … [Read more...]
Jeevan Nischay
LIC Jeevan Nischay Summary: (Table No.199) Jeevan Nischay is a close ended single premium policy with guaranteed maturity benefits exclusively for existing LIC policy holders. Advantages of Jeevan Nishchay: Single Premium policy. Guaranteed Maturity benefits with provision of loyalty additions. Plan is exclusively for LIC policyholders. Wide range of policy terms options. Assured … [Read more...]
Jeevan Akshay VI – Pension plan
Jeevan Akshay VI Table No. 189 Summary: Jeevan Akshay VI plan no.189 is an Immediate Pension (Annuity) plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant (Policy holder). Various options are available for the type and mode of payment of annuities. Options Available: The following options … [Read more...]
LIC’s Jeevan Bharati-1
Special Money Back Plan for Women LIC Jeevan Bharati 1 Table No. 192 Summary: LIC’s Jeevan Bharati –I Plan no.192 has been designed exclusively for females. This is a money back plan having optional Accident Benefit, Critical Illness Benefit and Congenital Disability Benefit as Riders. Benefits: a) Death Benefit: An amount equal to the Sum Assured under the basic plan along with … [Read more...]
New Bima Gold
LIC's New Bima Gold Summary: (Table No.179) Gold never loses its value, just like LIC Of India's New Bima Gold insurance policy. LIC's New Bima Gold (plan no.179) is a special with profit money back plan that offers 50% of the life cover during extended term even after maturity. Features: Auto-cover Facility: If atleast two full years’ premiums have been paid in respect of this policy, … [Read more...]
LIC’s Jeevan Saathi Plus (ULIP Plan)
Jeevan Saathi Plus Summary: (Table No.197) LIC’s Jeevan Saathi Plus plan no. 197 is a unit linked plan (ULIP) wherein a couple can take the insurance cover on their lives under a single policy. The proposer under the plan shall be called Principal Life Assured (P.L.A.) and the other life (wife/husband) shall be called Spouse Life Assured (S.L.A.). The premiums can be paid either in lump sum … [Read more...]
Child Fortune Plus (Plan No.194)
Child Fortune Plus Plan No.194 Summary: All of us wish to ensure the best possible future for our children. With the cost of education sky rocketing, it is all the more important that an early provision is made to ensure that your sweet child get a good head start in this competitive life. LIC’s Child Fortune Plus is a total solution to your child's education and other needs. The plan is a … [Read more...]