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 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. … [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 Gratuity Plus Plan
LIC Gratuity Plus Summary: LIC’s GRATUITY PLUS PLAN is a unit linked plan (ULIP) for management of Gratuity Funds. GRATUITY PLUS PLAN is suitable for companies who desire to entrust Gratuity Fund management to an insurer and wish to have the flexibility of choice of investments. This plan is different from the traditional Cash Accumulation Plan as the returns under the Plan are linked to the … [Read more...]