3 of the best LIC Policy available in the market and LIC Saving Plans

Nobody in this world has an idea of certainty; nobody knows what is going to happen the next moment or what might occur in a person’s life. There can be financial breakdowns, or a tragic incident of the death of the bread-earner of the family. These kinds of problems always lead to the destruction and sad life for the concerned families. Therefore it is always a wise decision to make plans and keep those plans ready when times like these come into someone’s lifec by taking the best LIC Policy available. This is the reason why most of the people choose the option of life insurances and policies. This in turn helps to sustain and keep the family safe even after the death of the bread earner of the family. There are many kinds of insurances and policies which include different kinds of plans for different family members and it might also depend upon the situation as well.

Some basic details about LIC
The LIFE INSURANCE CORPORATION OF INDIA or the LIC is acknowledged as one of the most trusted and dependant insurance company that has been serving thousands of Indian families from a very long time. This organisation has a very simple past and was founded to look after the welfare of the families and to safeguard their finance so that it can be used productively with the help of best LIC Policy as well asLIC Saving Plans Different kinds of people have different kinds of views and so every individual needs a different kind of insurance that meets their requirements, therefore LIC’s insurance plans and policies are very much according to the needs of an individual because they talk to you and give you the most suitable option that caters to the individual’s needs.

The best LIC Policy rather policies available in the markets now
There are many kinds of insurance and policies that are available for the people well some of the best LIC Policy designed by LIC are as follows and yes they include LIC Saving Plans as well:

1 – NEW JEEVAN ANAND PLAN
This plan is a very attractive plan because it offers both protection and also savings. It provides death benefit where on death during the policy term the basic sum return is absolutely assured. Also if the death has taken place because of any accident, a lump sum of the amount will be paid within the next 180 days. The sum assured which is equal to accident benefit and the sum assured under the policy shall be waived.

2- JEEVAN RAKSHAK PLAN
The word Jeevan Rakshak means life saver and this is what this unique plan is all about helping out people in times of disaster. Life and death are not in the hands of people so this policy is designed in such a way whereby you can take a loan from it as well in case of any need. Moreover the amount of money that the family of the demised person gets is also good and can help them sustain for pretty long time till they can make arrangements for themselves.

3- JEEVAN AROGYA
This particular plan is a very unique plan that provides health insurance to the policy holder in case he suffers from certain specified health risks and also provides support in case of any medical emergency. Health is everyone’s concern and that is what this policy does as it takes care of the medical emergency keeping your future plans unaffected.

What is the LIC savings plan?
The word “savings” in the LIC savings plan itself shows that it is related to saving money. The LIC savings plan is a unique plan where people save money on a monthly basis like any other savings account but the only difference here is that the rate of interest is different and far better than the banks. Moreover the liquidity rules are simpler and better here as you can withdraw a sum of your savings easily without any hassle from the money that you saved. Overdraft facility is also there in some of the saving plans that are available in the markets now.

LIC saving plans and policy in Delhi

LIC study plan and LIC policy for 5 years

Know about LIC child plans and LIC saving plans and their importance

A brief on LIC or Life Insurance Corporation of India
The LIC or the life insurance corporation of India is one of the oldest and the most trusted insurer in this sector. LIC has always come up with various kinds of outstanding schemes for the people and helping them to save and invest for the future always. LIC believes in building a better future than a good present and thus the schemes and plans of all the LIC programs are based on this. One of the most fascinating and efficient plan that LIC came up is the LIC child plans.

What is the LIC Child Plan?
The LIC Child Plan solely focuses on the betterment of your child and securing their future. As a parent you always want the best for your kid and nothing is better than securing your child’s future and giving him/her a safe and secured life. LIC has devised a blueprint for your child which has some really amazing features if unfortunately meet with an unfortunate death and mishaps as such.

Features of the LIC Child Plan
When it comes to the features of the LIC Child Plan the things have been kept pretty clean and simple and everything is summarised to three very simple features.

• This LIC child plan is such a participating plan that it can earn bonuses and the premium is paid for a limited term of the plan.
• Children who are less than 8 years of age have a deferment period under this plan and the risk cover will start a day before the completion of 2 years of the policy commencement.
• Under this particular plan, in case of any unfortunate death of the insured during the deferment period only the paid premiums are returned.

Child insurance plans have become very important now because they specially provide for one’s child’s future even in an absence of his/her parents. The money will be utilized only for the child’s education which was the actual rationale while buying the child plan.

What are the LIC Saving Plans 
It is a known and a very obvious fact that you might have plans for your loved ones and for yourselves and it makes perfect sense to prepare properly in advance with a saving plan combined with a life insurance cover. LIC has come up with such saving plans which will in all ways help you plan your savings, whether it be your child’s education or wedding, buying a new house or of a dream vacation so that you can celebrate life to its fullest.

Plans that come under the LIC Saving Plans
All your dreams can be made possible by the help of different saving plans introduced by LIC. Some of these plans include

• Smart bachat plan- which is an endowment plan designed to keep the promise or the obligation of paying the premium over a long period of time at bay. With this plan you can safeguard the future of your family as well as plan your investments wisely
• New endowment plan - which is a participating non-linked plan that offers a very attractive combination of protecting and saving features. It provides a support for the family of the deceased policyholder before maturity.
• LIC money back plans – A plan that offers an attractive combinatiLIC Of India 12/56, DB Gupta Road, Karol Bagh, Block 56, Karol Bagh, New on of protection and also come with a periodic payment on survival at specified durations during the term. It also offers liquidity through its loan facilities.

The need of the LIC Saving Plans in today’s life

Day by day as the income of people is increasing the expenses are also increasing and on the other hand taxes as well. A large part of the salary goes in paying of service and professional taxes to the government. Plans like the LIC Saving Plans are designed in such a way that your money increases with the passing time as you get a rate of interest on your investment on a monthly or a quarterly basis. More over the receipts that you get from these investments also help you to get rebates on taxes as well. There are loan facilities as well in some of the plans as well in case you need money suddenly.

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All You Need To Know About The Best LIC Policy

st have seen so many ads and online sites coming up with good LIC plans that offer great returns. These days, investing in such plan has become quite important looking at the increasing risk in which a person is living up these days. So, whether it is from saving point of view or to safeguard the family, every person looks for the best LIC policy that is value for money. Unfortunately not everyone gets success in choosing the right place possibly because of lack of knowledge about the same. That is why here are some important things that you might want to know.

Know More About LIC Term Insurance Plan:
Such type of policy is one of the traditional insurance plans in which the life of the insured person is covered to a certain extent. The coverage includes the scenario such as unfortunate accident that causes death of the insured person. This means if the person dies in the policy period, the amount for which he was insured will be directly given to the person whom he considered as the nominee or to family after him depending upon the name mentioned in the contract. No doubt that there are different types of LIC plans to come across and as compared to other place, term insurance is the cheapest one.

Know More About Term Insurance Plan:
Moving on to the common scheme of LIC policy is the term insurance. It is another word given for the protection plan which is specially designed for the family protection. In this after the death of the insured person, the amount till which he was insured will be given to the family for the unforeseen situations. There are three types of term insurance which is level benefit, increasing benefit and decreasing benefit. The bread earner must choose such type of plan who has some serious health issues.

Types Of LIC Term Plan Benefits:
In case if there is any kind of misshaping or accident that takes place, then the company from whom such policy was purchased will have to pay the entire amount to the nominee. The policy holder will not be able to avail the benefits till the end of this policy term but can renew it by paying the premium to continue availing the benefits. Talking of which, there are two ways to avail the benefit. One is death benefit and other is income tax benefit.

• Death Benefit:

Under death benefit, if the death of the insured person takes place within the policy period then the amount assured is given to the family member or the person to whom the insured person has kept as a nominee. For first year, the nominee will not have to pay any kinds of benefits.

• Income Tax Benefit:

Under this type of benefit, after the death of the person, the nominee will be given tax benefit up to 1,00,000/-.

Know Different Plans:
LIC offers different term plans such as LIC New Jeevan Mangal, Bhagya Lakshmi, LIC e-Term, Anmol Jeevan – II, and Amulya Jeevan – II depending upon your capability you can choose the plan and premium for the same.
The above things are definitely helpful for those people who want to make their investment worth for their family after they pass away. However, if you are still unsure about it then you can meet an LIC agent who can explain you every part of it clearly. Besides, such experts hold years of experience and a great knowledge by which they can explain you the right source to go ahead with a good deal. So, what are you waiting for? Choose the best LIC term policy that can safeguard your family in long run without any risk of loss.

Find out about the best online LIC plans for a better future

Online plans of LIC is a professionally authorized and qualified LIC agent that have been into the service for more than 7 years by providing services to the local clients in Delhi region. LIC promises to provide services to their trusted customers for many years in bets way possible. Their services include sustaining financial status even when a person has retired. They are at the customer’s service any time the customers need these services. Online LIC services have more than 250 million people in their family. The responsibility of their service is to protect these people against any kind of injustice and provide them a much secured life even after their retirements. There is some of the Best LIC policy which is provided to such people on a monthly basis.

Professional and personal help
The journey of LIC is that of trust and security. The journey started quite consciously 5 years back and has not looked back since then. Insurance is not just a business for them; it is a part of the lives of millions of people who are involved with them in every step. They promise to provide the Best LIC policy to their customers and help them with the struggle they have to carry on in their lives.

Jeevan Tarun
The project of LIC named Jeevan Tarun is a non-linked premium which is of participatory nature providing payment plan and offers some attractive combination of saving and protection features for children of different age groups. LIC child plan is an attractive plan which has been organized keeping in mind the benefits of all children involved. The plan has been specially designed and organized to meet the specific needs such as educational and other needs of growing child through a survival benefit payment on an annual basis right from the age of 20 to the age of 24 years. There is a maturity benefit as well at the age of 25. The plan is quite flexible in comparison to other plans. At the proposal stage, there is an option for the proposer to choose the survival benefit proposition that is to be availed during the policy term.

Survival benefit
There is a survival befit included in the LIC child planIt is a percentage of the annual payment of the assured sum provided every year. This starts from policy anniversary which often coincides with the 20 years completion and then on every 4 policy anniversaries following a maturity benefits which is a fixed percentage of the assured sum. This is vested with simple reversionary bonuses and other additional bonuses on the maturity of the plan. There are many options provided and the option which has been chosen shall be a part of the policy contract and no changes can be made further.

Other benefits of the plan
There are other benefits of the plan which has been provided along with and must be taken into account while going through the plan. This has been considered as the Best LIC policy till date which provides benefits to all the children involved with. This plan also takes care of the liquidity needs with the help of the loan facility that it provides. The plan can be taken by the grandparents or any of the parents of the child till the age 12 years.

Death benefit
In case of any unfortunate event such as death occurring during the term of the policy, death benefit shall be provided which has been defined as a sum which has been assured on death. Thus, Online LIC India comes up with such great plan and encourages its customers to hold the bond for the lifetime.