My LIC

LIC of India's Child Fortune Plus is a unit linked plan (ULIP) which will be allowed to the parents who have a child upto the age of 17 years last birthday. The risk cover under the plan will be on the life of the parent who will be the life assured. There will be no insurance coverage on the life of the child, but the policy will be allowed based on the age of the child. The policy will continue till the child attains the age of 25 years last birthday or till the life assured attains the age of 75 years nearest birthday, whichever is earlier. The purpose of the plan is to meet the educational and other needs of the child named as nominee in the policy. Read More »

LIC's Profit Plus (Plan No.188) is a Unit Linked Endowment Insurance Plan. Profit Plus (ULIP) is designed for common man to enhance their savings and financial protection to their family. Four types of investment Funds are offered in Profit Plus. The Policyholder has the option to choose any ONE out of the following 4 funds. Bond, Secured, Balanced and Growth. Read More »

Market Plus 1 is a unit linked pension scheme (ULIP). Policy holder can choose the plan with or without risk cover. This investment plan is divided in four types of investment Funds namely Bond, Secured, Balanced and Growth Fund. Market Plus 1 is primarily a Pension policy and the plan has many attractive features and options that make it an ideal Retirement solution for your future......more Read More »

Life Insurance of India (LIC) has introduced a new single premium plan called “Jeevan Aastha” today.  This plan is open only for 45 days. I would suggest this plan for those who prefer Bank Deposit (FD).  Jeevan Aastha is as good as Bank deposit plus Insurance. You need to pay only ONE time premium. Jeevan Aastha ( Plan No. 195) ... Read More »

LIC Jeevan Tarang is a whole Life Money Back Plan for you or your children. It gives you survival benefit of 5.5% of the sum assured GUARANTEED for LIFETIME This unique policy is a perfect financial planning tool for you or your child. Your child stays financially protected for life. you pay premium for only a short period – onetime or, 6,10,15 or 20 years. And guess what !! the policy then keeps paying you EVERY YEAR for your LIFETIME apart from Bonus at the end of period plus covers life for the lifetime! LIC's life time money back policy A Deferred Annuity Plan. For Example: If you go for Rs.10 lakh Sum assured policy then you would receive Rs.10 Lakh on maturity + Bonus + Rs.55000/- per year till you or your child is survive. That how unique this plan is. Read More »