No person can overstate the importance of getting a life insurance since it has the same merits as having a secured and healthy life. With a life insurance policy, your family and loved ones are able to get financial support in the event of your demise.It is for this reason that you need to get a life insurance especially when you are the bread winner UAN Login to check Pf Amount in epfindia.gov.in
For Indian citizens, Life Insurance Corporation (LIC), of India is the first company that comes to your mind whenever you need a Life Insurance cover. LIC has quite a number of life insurance policies hence making it hard for customers to settle on a given option. Fortunately, we have the best life insurance policies that you can choose from.
LIC New Endowment Plan
LIC New Endowment Plan is one of the most popular plans since it offers both protection and savings to customers. The good thing about this offer is that the family members of an insured can get financial assistance even before the plan matures. Moreover, they will still get a good lump sum of money when the policy matures. This is regardless of whether or not the policyholder is still surviving.
The entry age for New Endowment Plan is 8-50 years with the policy holder paying installments either monthly, Quarterly, Half-Yearly or yearly. The good news is that your premiums are tax free although the pension is usually taxable.
LIC e-Term policy only covers the life of an insured by providing financial assistance to your family in case of any unfortunate event. This plan is readily available in official websites and no person can buy it using any agent. Some of the benefits that you can get from e-Term plan include Death Benefit and Maturity Benefit.
It is available for customers who are between 18-60 years with a minimum policy term of ten years. You will also have to pay minimum premiums of Rs. 4600/- to enjoy the benefits of this policy.
LIC Jeevan Anand Plan
LIC Jeevan Anand Plan is another non-linked plan that offers both protection and savings benefits. This is actually the most popular plan at the moment thanks to the numerous benefits that is offers even after maturity of your policy. What makes this Plan standout from other plans is the fact that the insurance coverage continues with payment of premium amounts even when the policyholder is still surviving. Jeevan Anand Plan is available for customers who are between 18-50 years.
LIC New Children Money Back Plan
This New Children Money Back Plan is specifically set aside to look into the education, marriage and any other need of a growing child so long as they survive. In addition to this, you will also get a risk cover on the life of your child during the policy term.
With LIC insurance plans, you can look into the needs of your family in case of any unplanned event. You should remember to choose the plan that suits your interest.