Life Insurance

Life Insurance

• Traditional – Endowment, Money Back, Term Cover
• Children Plans
• Pension Scheme – Deferred and Immediate Annuity
• Whole Life, Joint Life
• ULIP, Mortgage, NRI, HNI, Group Superannuation
• Plans For Handicapped Dependants
• Special Money Back Plan For Women

LIC Child Career Plan

This plan is specially designed to meet the increasing educational and other needs of growing children.

It provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term).

A number of Survival benefits are payable on surviving by the life assured to the end of the specified durations.

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LIC Marriage Endowment Or Educational Annuity Plan

This is an Endowment Assurance plan that provides for benefits on or from the selected maturity date to meet the Marriage/Educational expenses of the named child.

The Sum Assured plus accrued bonuses up to maturity is payable on maturity even though death occurs during policy term. This may be paid in a lump sum or in ten half-yearly instalments at the option of the beneficiary. Further Premiums upto maturity are waived in case of death of the life assured.

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LIC Jeevan Tarang – Endowment plus Money Back plus Whole Life

This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period.

The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.

Suitable for: Long Term Financial Goals like Retirement / Child Education,etc.

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This plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.

Has built-in Disability & Accident Rider for 5 lacs. So, for higher Sum Assured, a PA policy is strongly recommended alongwith this policy.

Suitable for: Long Term Financial Goals like Retirement / Child Education,etc.

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LIC’s Bima Bachat is a money-back policy which offers financial security and assurance to the policy holder and his family.

Bima Bachat requires the policy holder to pay only one premium. The amount paid for the premium depends on the duration of the policy taken and life insurance is available till the date of maturity.

Suitable for: Medium Term/Long Term Financial Goals like House/ Car Margin, Yearly Expenses Planning, Emergency Cash Reserve,etc.

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This is an Endowment Assurance plan that provides greater financial protection against death throughout the term of plan. It pays the maturity amount on survival to the end of the policy term.

Thrice the Sum Assured plus all bonuses on the basic sum assured to date is payable in a lump sum upon the death of the life assured.

Benefits: Endowment Plan and provides for higher risk coverage during the term of the plan. Good tool for financial planning.

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This is the best form of life assurance for family provision since it enables the Life Assured to pay all the premiums during the ordinarily vigorous and most productive years of life. He need not pay any premium in the later stages of life if and when his conditions might become adverse.

Benefits: Long Term Plan to cover risk of living long and tool for estate planning.

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