The primary idea of life insurance is to make good the financial loss incurred due to the loss of life of the income earner of the family. However, the products offered by the insurance companies are varied. Though a term plan is the purest form of life insurance and provides lumpsum payouts only in the event …
Can you get a loan against your life insurance policy? Read More »
Think of a time 15 years, 20 years, 25 years, or 30 years from now when you will retire and stop earning an active income but still on the 1st of every month a guaranteed sum of money gets deposited to your bank account that is completely tax-free and would continue up to 99 years …
LIC’s Jeevan Shiromani: A premium policy that combines protection, savings, attractive returns, and medical cover. Benefits 1. Survival Benefit: On the life assured surviving to each of the specified durations during the policy term, provided all due premiums have been paid, a fixed percentage of the Basic Sum Assured shall be payable. The fixed percentage for …
LIC’s special premium plan for High Net-worth Individuals Read More »
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Government pension Scheme for people aged 60 years and above. Life Insurance Corporation of India is the administrator of PMVVY on behalf of the Government of India. This Scheme is available for sale up to 31st March 2023 Benefits available under the scheme
LIC’s Cancer Cover is a regular premium payment health insurance plan which provides financial protection in case the Life Assured is diagnosed with any of the specified Early and/or Major Stage Cancers during the policy term. Sum Insured Options The plan offers flexibility to choose the type of Sum Insured at the inception. Option I …
LIC’s Cancer Cover policy: make your finances immune to cancer Read More »
Accidental Death & Disability Benefit Rider (AD&DB Rider) So, it is a rider, which means it is an extra benefit that is optional and can be opted in an insurance policy by paying a very affordable additional premium. As the name suggests, it covers 2 conditions: What are the benefits offered? Let’s understand the benefits …
What is AD&DB Rider in insurance policies offered by LIC of India? Read More »
