Life insurance provides the dual benefits of saving and security, along with saving and security, life insurance showers you with many more benefits and help you and your dependents lead a happy and carefree life.
LIFE RISK COVER:
Life insurance provides you with a high life risk cover. Life today is full of uncertainties, in this scenario life insurance ensures that your loved once continue to enjoy a good quality of life against any unforeseen event.in case of any untoward happening to the insured, the insurer pays up the entire amount. i.e the sum assured with bonus to the bereaved family. Life insurance also safeguards interest of people who have diminishing incomes with advancing age, people who meet with accidents or for retired people. there are numerous policies available with LIC and you can choose the policy that will best suit your requirements.
GOOD RETURNS ON INVESTMENT:
Life insurance is a long term saving investments. LIC life insurance schemes yield better when compared to other investment alternatives. most of the LIC life insurance schemes offer bonuses that no other investment schemes can offer. the invested in LIC is safe and cover risks. the money invested in LIC is fully as sum assured either after completion of the term or after the demise of the insured. both way the money invested and the returns are paid back safely.
TAX BENEFIT:
Most of the LIC plans provide attractive tax benefits both for the premium paid and also for the Maturity/ Death returns. Under section 80 C of the Income Tax Act is an Effective way life insurance are subject to rebate.currently , the amount available for rebate under section 80 C is RS 1,00000 which can be invested in life insurance premiums , pension superannuation fund, Employee provident fund, Equity linked mutual fund schemes, national saving certificates and public provident fund.
LOAN OPTIONS:
Policy holder having the option of taking Loan against the LIC policy after 3 years of taking policy date with very low interest rates up to 9.5% per annul.this helps you meet your unplanned life stage needs without adversely effecting the benefits of the policy they have bought.
PLANNING FOR LIFE STAGE :
Life insurance not only provides for financial support in the event of untimely death but also acts as a long term investments, you can meet your goals, be it yours children's education,their marriage, building your dream home or planning a relaxed retired life , according to your life stage and risk appetite. Traditional LIC policies, that is traditional Endowment plan, offer
in-built guarantees and defined maturity benefits through variety of product options such as money back plans, guaranteed bonus addition , guaranteed maturity values.
ASSURED INCOME THROUGH ANNUITIES:
Life insurance is one of the best instruments for retirement planning. LIC pension plans and whole life money back plans provide you a regular income starting from your annuity period.
ADDITIONAL RIDERS :
Riders are the additional benefits that can be bought with payment of some additional premium and added to a basic LIC insurance policy.these option allow you to increase your insurance coverage. Riders like Double Accident benefit rider(sum assured will be paid on accidental death), Critical Illness Rider ( sum assured will be paid if the life assured if the life assured survives for a period of 28 days from the date of occurrence of any of the critical illnesses ), premium waiver benefit rider (further premium on child plans will be waived if the proposer expires ) are available with LIC.
LIFE RISK COVER:
Life insurance provides you with a high life risk cover. Life today is full of uncertainties, in this scenario life insurance ensures that your loved once continue to enjoy a good quality of life against any unforeseen event.in case of any untoward happening to the insured, the insurer pays up the entire amount. i.e the sum assured with bonus to the bereaved family. Life insurance also safeguards interest of people who have diminishing incomes with advancing age, people who meet with accidents or for retired people. there are numerous policies available with LIC and you can choose the policy that will best suit your requirements.
GOOD RETURNS ON INVESTMENT:
Life insurance is a long term saving investments. LIC life insurance schemes yield better when compared to other investment alternatives. most of the LIC life insurance schemes offer bonuses that no other investment schemes can offer. the invested in LIC is safe and cover risks. the money invested in LIC is fully as sum assured either after completion of the term or after the demise of the insured. both way the money invested and the returns are paid back safely.
TAX BENEFIT:
Most of the LIC plans provide attractive tax benefits both for the premium paid and also for the Maturity/ Death returns. Under section 80 C of the Income Tax Act is an Effective way life insurance are subject to rebate.currently , the amount available for rebate under section 80 C is RS 1,00000 which can be invested in life insurance premiums , pension superannuation fund, Employee provident fund, Equity linked mutual fund schemes, national saving certificates and public provident fund.
LOAN OPTIONS:
Policy holder having the option of taking Loan against the LIC policy after 3 years of taking policy date with very low interest rates up to 9.5% per annul.this helps you meet your unplanned life stage needs without adversely effecting the benefits of the policy they have bought.
PLANNING FOR LIFE STAGE :
Life insurance not only provides for financial support in the event of untimely death but also acts as a long term investments, you can meet your goals, be it yours children's education,their marriage, building your dream home or planning a relaxed retired life , according to your life stage and risk appetite. Traditional LIC policies, that is traditional Endowment plan, offer
in-built guarantees and defined maturity benefits through variety of product options such as money back plans, guaranteed bonus addition , guaranteed maturity values.
ASSURED INCOME THROUGH ANNUITIES:
Life insurance is one of the best instruments for retirement planning. LIC pension plans and whole life money back plans provide you a regular income starting from your annuity period.
ADDITIONAL RIDERS :
Riders are the additional benefits that can be bought with payment of some additional premium and added to a basic LIC insurance policy.these option allow you to increase your insurance coverage. Riders like Double Accident benefit rider(sum assured will be paid on accidental death), Critical Illness Rider ( sum assured will be paid if the life assured if the life assured survives for a period of 28 days from the date of occurrence of any of the critical illnesses ), premium waiver benefit rider (further premium on child plans will be waived if the proposer expires ) are available with LIC.
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