Monday, 8 September 2014

LIC Term Insurance

LIC the indomitable market leader of life insurance segment,has been offering  innovative insurance policies since its inception.it boasts of the highest claim settlement ratio among insurers. moreover, LIC is perhaps the only insurer with such a diversified product portfolio meeting specific individual needs. it offers expensive covers at optimum prices.
At the name suggests, the policy comes with the option of getting converted into either whole life assurance  or endowment assurance, at a later date. Convertible term insurance has been designed for those who cannot afford to buy a whole life or endowment policy but expect t be able to afford it in the near future .
LIC  have 2 types of term plans :
1) Amulya Jeevan
2)Anmol Jeevan

AMULYA JEEVAN : In Amulya jeevan starting sum assured from 25 lakh in a low premium.it will covers  normal death , natural death,accidental death ,terrorist attack death even suicide case consider in after 1 year .
ANMOL JEEVAN: In Anmol jeevan sum assured up to 20 lakhs .this is helps to lower income basis persons . this plan also covers normal death,accidental death terrorist attack even suicide case consider after 1 year.

since both plans are term plans no maturity benefit for these policy. but term plan secures families .term plan  requires for every persons. you can calculate premiums in www.licpolizy.com 

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