Posted on March 16, 2023
An Overview of LIC New Children's PlanLife Insurance Corporation of India (LIC) is a well-known name in the Indian insurance market. LIC offers a range of life insurance products to cater to the different needs of its customers. One such product is the LIC New Children's Plan, which is designed to provide financial security for your child's future. This plan is an excellent investment option for parents who want to ensure that their children's education and other expenses are taken care of, even in their absence.
What is LIC New Children's Plan?LIC New Children's Plan is a non-participating, non-linked, individual, limited premium payment policy designed to meet the educational, marriage, and other needs of a child. The plan offers financial protection to the child even in the absence of the parent. The policy comes with a maturity benefit, death benefit, and optional rider benefits.
Posted on March 16, 2023
Term insurance is a type of life insurance policy that provides coverage for a certain period of time. It pays out a lump sum to your beneficiaries if you die during the term of the policy. Term insurance is generally the most affordable type of life insurance, and it can provide important financial protection for your family in the event of your death.
What is LIC Term Insurance?LIC Term Insurance is a pure protection plan that provides financial security to the policyholder's family in case of their untimely demise. The plan offers a lump sum amount to the nominee in case of the policyholder's death during the policy term. The policy does not offer any maturity benefit or survival benefit. The premium paid for the policy is also significantly lower than other insurance plans, making it an affordable option for those seeking life insurance coverage.
Posted on March 16, 2023
Understanding the Importance of Life Insurance for Middle-Aged IndividualsAs a person enters their 50s, they start to realize the importance of financial planning and security. At this stage of life, people tend to have more responsibilities, such as taking care of their aging parents, supporting their children's education, and planning for their retirement. In such a scenario, having a reliable life insurance policy becomes crucial to ensure that their loved ones are financially protected in the event of an untimely death.
Benefits of Purchasing a Life Insurance Policy at the Age of 52Purchasing a life insurance policy at the age of 52 has several benefits. Firstly, as the individual is most likely to have a stable income and a clear idea of their financial goals, they can choose a policy that aligns with their requirements. Secondly, the premium for a life insurance policy tends to increase with age, and by purchasing a policy at 52, the individual can lock in a lower premium rate.
Posted on April 23, 2022
Right now, the insurance company holds a vast customer base of more than 250 million lives. It strives to maintain the same service and pricing of products in the ever-competitive insurance sector. LIC is known to offer a wide range of insurance products. The LIC Agent In Delhi will have child plans, protection plans in term plan forms, and savings and investment plans available in conventional form or ULIP.
The child insurance plans you get from LIC Agent In Gurgaon are designed to ensure a financially secure future for your little ones and to help them procure the major milestones. Furthermore, the plans offer life protection to the child in case of any eventuality. Let’s focus on the top 5 child insurance plans you can get your hands on from LIC Agent In Noida now.
Posted on Dec 28, 2021
LIC is always known to present multiple kinds of attractive plans, which can last for a period of 5 years. Under these significant plans, the public life insurance firm will offer major options to address. Some of those are retirement plans, micro insurance and group insurance. These are mainly LIC Tax Saving Plans and working with an LIC agent will let you know more about these terms in details.
LIC will present multiple hosts of the insurance plans to the customers. These plans are mostly based on the prominent features. You have LIC health insurance plans, child plans, life insurance plans and retirement plans to say the least. So, now the customers have multiple policies to choose from and make decisions of their financial capacity in general.
An LIC Agent Delhi will actually help you to know how you can possibly choose the best 5 years plan from the same source. There are various reasons to choose 5-year insurance plans like easy understandable terms, shorter form of premium payment plans, open option to change the scheme to longer one later and more. So, without wasting time, it is important to know more about the LIC plans available in the market.
Posted on Dec 28, 2021
If you think about it, there are various insurance and financial products that the market has in store for you. Investing in Fixed deposits - different types of FDs or the other ventures will actually help you to enjoy higher return on your chosen investments. Much like fixed deposits, you have Life Insurance plans, which are also considered to be the best investment products in the market.
Even though life insurance is considered to be a part of insurance plan, most people will think about it as investment policy. Then you have the fixed deposit on the other hand, which is solely an investment product. Here, you get the chance to invest in multiple tenures. However, both these sections will serve you multiple needs.
Before you proceed further, let’s talk a bit more about the Life Insurance - different types of life insurance policies. Some of the major ones will be:
Posted on Dec 28, 2021
It is always recommended to purchase a term plan when you are at your young age. But, even if you are old, you can make one purchase after learning the important aspect of a term plan . Well, a term insurance plan is noted to be a pure protection plan, which will help the policyholder’s dependents by providing source of funds whenever emergency strikes. In case you are the only bread earner in your family, it is always important to invest in the LIC Term Insurance plan of 1 Crore. It will be the ultimate financial security for your family members.
Not just this 1 crore plan, but you have other options under the affordable LIC Term Plan. All of them will have an assured sum of 1 crore rupees and you can consider anyone of them, as per your needs.
Now, this is the first question that pops up in your mind. What points must every individual know about before investing money on term insurance? Well, some of the points mentioned below might help you find the right answer.
Posted on jan 25, 2021
LIC Endowment Plan help people in creating a savings corpus while at the same time also provides insurance coverage also. LIC New Jeevan Anand policy is one of many endowment policies that provide people with a combination of life insurance and risk-free returns under the same plan.
It's a participating plan where a person earns simple reversionary bonuses throughout the complete term of the policy. Moreover, upon policy maturity or death of the person, a final additional compensation is also paid. There is also an optional rider benefit that someone can also choose for a wider extent of coverage of his/her premiums, which are payable throughout the policymaking. They can also get premium discounts which also reduces the premium rate. Loans are also made available under the plan, which provides people the liquidity if they need any money at the time of their needs.
Posted on Feb 5, 2021
Permanent life insurance policies are often termed as best for investment. The whole and universal life insurance also offer lifelong coverage, and they typically have a significant cash value component. A permanent policy's cash value often grows over time, and this can be used to pay premiums or take out a loan from the insurer.
The permanent life insurance policies often have a much higher rate than the other term policies, and often most of the financial obligations go away from it over time. The term life insurance of LIC Best Plan is typically a better option for most people(LIC Endowment Plan). However, if someone needs lifetime coverage and has the means to pay for permanent coverage, this can be a great way to ensure their loved ones are financially protected.
Posted on July 1, 2021
Taking up a retirement plan while you are earning reduces a lot of burden pos retirement. It helps you save for future use, which is a vital necessity. Moreover, the pension schemes are available to every age group, ranging from 0 to 65 years. The website gives out a profound detail of the entire policy so that the customer is not scammed. They have their facts in various languages. For example, if a person understands Hindi better and has a firmer grip on it than English, they will find all the required details of the retirement plan in Hindi.
The LIC retirement pension fund plan is mainly designed for senior citizens who wish to have a planned retired life without worrying about financial conditions. The lic retirement plan benefit pension funds include:
Posted on July 1, 2021
The LIC Jeevan Ankur plan includes a lot of profit for anyone who is availing it and is also a very age-old method that makes it all the more reliable for any customer to take it up. This insurance is generally for the benefit and the well-being of the child. you may contact LIC Agent Delhi And The insurance is made in the name of the parent and the child is considered to be the nominee.