Best LIC India Policy

When you decide to go for any Life insurance policy you must consider the following factors in order to choose the best one for you. They are,

• Why do you need a life insurance?
• How much cover you want from it?
• Whether it meets your financial requirements or not?
  Purpose of a LIC policy: - The primary purpose of any insurance is to provide risk cover like accident or early death. Some people take insurance as a secondary option for investment and some consider it to be more important than having a bank account. To have a Life insurance you have to pay regular payments in small amounts and secure the future and you get entitled for the risk cover by that policy. Life insurance policy provides you the eligibility to get Tax rebate for the premium amount paid by you.
  Various options available: - In Indian market, there is a large number of Life insurance polices available. Some of them are most discussed ones which come from various reputed Insurance houses. Life insurance corporation of India has categorized the insurance policies under three broad categories:-
  • Endowment plans
  • Money back plans
  • Term assurance plans
  
  

  
  Under endowment plans you get three options to choose from,
  a) Single Premium Endowment Plan - Here you need to pay the premium in a lump sum amount. This policy along with providing death cover also facilitates liquidity which has a provision for loan facility.
  b) New endowment - It provides a good combination of risk cover and savings options.
  c) Jeevan Anand - This provides financial security against death and provides a payment of lump-sum on term end.  "If you have invested in LIC Jeevan Anand policy then it will be beneficial for you to attain safe returns. The policy aims at providing accidental claim in case when policy holder is not fit and taken to the hospital can withdraw the money"
  2.  Money back plans - Under money back plans there are policies with different tenures like 20 years and 25 years. One policy is there which is meant for tax savings called Bima Bachat. 
  3. Term assurance plans - Under this category there are different policies among which Jeevan anmol is most prevalent in the market. Anmol Jeevan from LIC of India is a verytrusted policy with a coverage amount of 10,00,000.  The minimum entry age for this policy is 18 years and the maximum is 55 years. Maximum exit age is 65 years for this policy. Premium frequency options available for you are half yearly and annual.

LIC OF INDIA RETIREMENT PLAN

Old age in today’s time is not a curse or burden as the senior citizens have their own freedom to plan their financial calendar. In India, the most efficient and old way of investing for your old age is through Life Insurance of India. The financial stability can be foreseen through the LIC retirement plans. The main aims of these plans is to provide with the security of the family in a comfortable manner supporting their spouses and leading a health retirement time.

Mainly there are four different retirement plans from LIC India

• New Jeevan Suraksha I
• Jeevan Nidhi
• Jeevan Akshay IV
• New Jeevan Dhara I

They all have different features to fit for individuals need. Let’s discuss in brief about their features and facilities they offer.

New Jeevan Suraksha I:

It is a deferred annuity plan which gives the policyholder the freedom and provision to have a regular income after the selected term unlike other whole life and endowment plans which offer one time return. The premiums can be paid in half yearly, annual or quarterly and monthly basis. Also it has the feature to give a onetime premium. It also gives a tax relief under section 80c.

Jeevan Nidhi:

In this deferred annuity plan, after the survival of the policy holder the sum assured amount which is accumulated is then given in the form of monthly or half yearly or quarterly form of interests.

Jeevan Akshay IV:

This plan can be purchased by paying a big, one time amount. It gives the annuity holder the annuity payments for the rest of the life. It has the flexibility of different modes of payments that are available for this plan, which are namely as half yearly, quarterly, annually or even monthly. This plan has multiple annuity schemes from which policy holder can choose while purchasing this plan.

New Jeevan Dhara I:

In this deferred annuity plan the policy holder has the provision to get a regular income after the selected term also. In these plans there are provisions of paying the premiums in form of annual, monthly, half yearly or quarterly form. It can also be paid in the form of salary reduction throughout the term of the policy and even till early death.

The above different type of retirement plans gives strength to the senior citizens to plan out their retirement life in a very easy and comfortable way. This also gives them the freedom from the dependence on their children for monthly expenses. So plan out a stable future with LIC retirement plans. 

Jeevan Saral Yojana Policy
 

Those who have invested in Jeevan Saral Yojana Policy plan 165 will get benefit like Maturity Sum Assured along with loyalty addition. If policy holder required to take up loan against the policy then he/she is most welcome to do so as policy consider this as valid option.

New LIC E-Term Plan Online

Life Insurance Corporation of India (LIC) is an Indian state-claimed protection gathering and speculation organization headquartered in Mumbai. It is the biggest insurance agency in India with an expected holding estimation of 1560481.84 crore (Us$270 billion). Starting of 2013 it had absolute life trust of Rs.1433103.14 crore with aggregate estimation of arrangements sold of 367.82 lakh that year. The organization was established in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalized the private protection industry in India. In excess of 245 insurance agencies and provident social orders were fused to make the state claimed Life Insurance Corporation.

What is LIC E term Plan?

It is one amongst the term assurance plans. It is a plan based on internet purchasing – without operator help and this is a complete online term plan. You simply need to compute your premium, give your subtle elements online and afterward purchase the approach by paying the premium.

Key Benefits of E term Plans:

Passing Benefit :  If there should be an occurrence of lamentable demise of the Life Assured throughout the approach term Sum Assured might be payable.

Development Benefit:  On survival to the end of the strategy term, nothing should be payable.

Classifications: The first is called Aggregate classification which will request every individual who can pick the aggregate guaranteed between 25 lacs and 49 lacs.

Cooling-off period: If the Policyholder does not fulfill the "Terms and Conditions" of the arrangement, the approach may go back within 30 days from the date of receipt of the strategy security expressing the reason of objections. On receipt of the same the Corporation might cross out the approach and furnish a proportional payback of premium saved in the wake of deducting the proportionate danger premium for the period on spread, stamp obligation charges, costs for therapeutic examination and exceptional reports, if any.

Subtle elements you need to accommodate taking LIC online term protection: About your occupation/ Educational capability, PAN number - Your Income Details (Form 16/ ITR for most recent three Years or P&l Account). Details of all your past life coverage arrangements (like arrangement number, whole guaranteed, plan and so on) taken in last 3 years. Bank points of interest like Account number, MICR code and so on.

NRI's can likewise purchase the term plan from LIC, yet it unmistakably says that they must be available in India for restorative examination.

LIC proffers innumerous benefits via Jeevan Anand policy. It is the right combination of whole life plan as well as endowment assurance. It also facilitates with vast financial protection against death throughout the year with the benefits like payment of lump sum till the term that you have chosen in case policy holder survives.

For More Info :- LIC life Insurance Maturity Benefits