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Planning for a secure and comfortable retirement involves making strategic financial decisions that ensure a steady income stream throughout one’s golden years. One such prudent choice is incorporating guaranteed return whole life insurance plans into your retirement portfolio. The Life Insurance Corporation of India (LIC) has introduced the New Jeevan Utsav Plan 771, a whole…
LIC’s Index Plus Plan no. 873 is a Unit Linked Insurance plan (ULIP). It is a Regular Premium, Individual Life Insurance plan which offers life insurance with investment, allowing policyholders to invest in equity market through major indices Nifty 50 & Nifty 100 during the term of the policy. Why should you buy LIC’s Index…
LIC’s New Jeevan Shanti Plan no. 858 is a deferred annuity plan for guaranteed income for life by paying a single premium. It is an annuity plan (Pension Plan) which has option of purchasing deferred annuity (Pension) and can be purchased by paying a lump sum amount (single premium). The plan provides for annuity payments…
LIC Employer Employee Scheme is a policy where and employer buys life insurance policy for its employees. Benefits to the employer Benefits to employees Tax Employee Eligibility To be a part of the Employer Employee Scheme an employee should satisfy following conditions. Disclaimer: The information provided in this blog is for general informational purposes only…
Guarantee of regular income for lifetime We are talking about a life-long guaranteed tax-free income. 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…
LIC’s Jeevan Shiromani Premium plan for HNIs. A policy for high net-worth individuals that combines protection, savings, attractive returns, and medical cover. Benefits of LIC’s Jeevan Shiromani Premium plan for HNIs 1. Survival Benefit: On the life assured surviving to each of the specified durations during the policy term, provided all due premiums have been…
PMVVY – Pradhan Mantri Vaya Vandana Yojana 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 Features of the scheme Eligibility Age Citizens of…
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…
AD&DB rider 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 by AD&DB rider? Let’s understand the benefits to be received in each…