As individuals we all are different to each other. Insurance needs and requirements of different people are different from that of others. LIC's Insurance Plans talk to you individually and give you the most suitable options that can fit your requirement as per your need and convenience.
The Options comprise of the following plans:
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| Short Term Policy |
* Short Term Maturity Plans. One of the policies under this option is “LIC’s Bima Account – I ” plan which is a simple non-linked plan under which you can be covered without undergoing any medical examination subject to certain conditions.
Maturity period under this policy is just 5 to 7 years. If all due premiums are paid, the amount held in Policyholder’s Account will earn an annual interest rate of 6% p.a. which will be guaranteed for whole of the policy term.
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| Long Term Plan |
* Long Term Maturity Plans. One of the policies under this option is "Jeevan Saral" plan which is a unique plan having good features of the conventional plans. It has a term of 10 to 35 years.
To the policyholder it provides --
# High life cover [250 times of monthly premium] at very low premium.
# The policyholder can choose a maximum term but can surrender at any time without any charges.
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| Whole Life Plan |
* Whole life Plans. One of the policies under this option is "The Whole Life Policy" plan which is mainly devised to create an estate for the heirs of the policyholder as the plan basically provides for payment of sum assured plus bonuses on the death of the policyholder. This policy is suitable for people of all ages who wish to protect their families from financial crises that may occur owing to the policyholder’s premature death. The premiums under the policy are payable up to age 80 years of the policyholder or for a term of 35 years whichever is later.
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| Money Back Plan |
* Money Back Plans. One of the policies under this option is "Jeevan Surabhi" plan. The special aspect of this plan is that this is a 15 years term policy but you need to pay premium for only 12 years. You will get around 70% of the premium paid after 4th and 8th year and the rest of the premium paid at the end of 12th year. You will also get bonuses for all these years at the end of 15th year.
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| Money Back Plan for Women |
* Special Money Back Plan for Women. Under this option we have "Jeevan Bharati-I" plan which is a plan exclusively for women. This is a 15 year term policy. You will get 20% of the sum assured after 5th and 10th year. You will also get 60% of the sum assured (+) Bonus (+) Final Additional Bonus at the end of 15th year as maturity amount.
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| Term Assurance Plan |
* Term Assurance Plans. One of the policies under this option is "Amulya Jeevan – I" plan where in case of unfortunate death of the Life Assured during the term of the policy, Sum Assured is payable to the nominee, provided the policy is kept in force. The premium amount of this policy is very nominal as compared to its Sum Assured. However, nothing is payable to the policyholder in case of maturity of the policy.
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| Children Plan |
* Children Plans. One of the policies under this option is "Jeevan Kishore" plan which is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grand parent. The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.
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| Endowment Plan |
*Endowment Plans. One of the policies under this option is "Endowment Plus" plan which is a unit linked Endowment plan which offers investment cum insurance cover during the term of the policy. You can choose the level of insurance cover within the limits, which will depend on the mode and level of premium you agree to pay. You have a choice of investing your premiums in one of the four types of investment funds available.
* And Many More Plans.......
If you are interested in buying any of the above mentioned LIC policies or any other LIC policy, kindly contact me by giving me a call, message or an email at the following number / email address:
Manmohan Singh Rawat.
LIC Agent.
Agency Code: 10342-113.
Mobile: +91-9811721024.
Email ID: licagentmanmohan@gmail.com
Website: http://licagentmanmohan.blogspot.com
Branch Office
LIC of India,
Branch Unit 113,
Jeevan Tara Building,
1st Floor, Gate No. 4,
5 Parliament Street,
New Delhi-110001.
(Near Patel Chowk Metro Station)
