Life insurance has become a basic requirement when compared to other needs. LIC of India is fully owned by the Government of India. Since its inception, LIC has kept its promises and trust kept by the policyholders by giving consistent bonuses every year. In 1956 Government of India started the Life Insurance Corporation of India with an investment of Rs. 5 Crore by passing an act in Parliament.
Plans are available according to the needs of the proposer. Any celebration at home, plan a new investment with LIC of best and guaranteed returns. Many delays in insuring themselves and regret later for not doing it.
Starting from childbirth, education, marriage, life insurance, Home loan insurance, Pension, lump sum investments, Unit-linked plans are some basic requirements for which LIC is having ready-made plans. Every dream has to be secured with extra cover. The insurance budget starts from monthly Rs. 800/- onwards to match your lifestyle. Start investing considering inflation and other aspects in life.
Never delay Life Insurance LIC plans – when required, you may not get
When you are healthy insure for the maximum cover because no insurance company would offer cover if health conditions are not met as per their requirement.
Life insurance premiums are calculated on the basis of age. It is always recommended insurance at a young age. The main requirement for insurance is health conditions. Most of the plans are available for up to 55 years only. After 55 years, lump-sum investment plans are available with very little insurance coverage.
LIC plans for life insurance?
- It helps policyholders to save systematically for achieving their long-term goals.
- Life Insurance plans help families to live, children to continue education, parents to survive after policyholders death
- Loan after 4 years helps families with financial difficulties
- Celebrations can be planned with Survival benefits payable every 5 years
- All transactions are transparent
- Accessible online offline both versions globally
- With more than 3000 branches, easy access for payments and other details
- More than 20,000 Premium collection points all over the country.
India is the second-largest country in the world with more than 100+ Crore population. Due to lack of awareness, still, insurance penetration is approx 4%. LIC plays a dominant role in the country building also. LIC helps by investing in schemes managed by Government in many areas.
Helping your family and children by paying the claim amount
Family members would get the claim in case of any eventuality to the policyholder. This helps spouse and children to continue the same lifestyle and education.
Financial help
Supporting the policyholder with loans from policy helps them to clear small requirements like outstanding loan EMI, vehicle loans, family functions, credit cards, personal loan dues.
Setting and achieving Goals with LIC plans
A life insurance policy may help the head of the family to dream and goals as per his planning. Some plans in LIC are planned with at-most care and keeping in mind the purchasing power of middle-class families.
Tax benefits from LIC plans
Insurance plans offer tax benefits which make these plans very popular under section 80C of the Income Tax Act., Dual Tax benefits offered by most of the plans like sections 80C and 10 (10 D) helps to save more and get regular income for life
For LIC plan and benefits, visit LIC official page at LIC Insurance plans