LIC Policy: Best and Trusted PlansUser Rating: / 1

PoorBest InsuranceWritten by Rohit Sharda Monday, 27 June 2011 15:26

A contract between the policy holder and the insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person . The life insurance official contract comes under two classes that are, protection policy and investment policy. Protection polcy is typically intended to offer a selected sum in the outcome particularly by the policy holder and the second investment policy is meant to assist the policy holder with a raise of capital by regular or single premium. The most ordinary kinds of investment policy under life insurance are whole life, Air Jordan 15s global Nike Air Foamposite One life and adjustable life policies.

LIC offers different types of investment funds, premiums paid after allocation charge will purchase units of the fund type chosen . The unit fund is subject to different charges and value of units may increase or decrease, depending on the Net Asset Value (NAV). Bonuses will be added during the selected term or till death, if it occurs earlier. Additional Bonus may also be payable provided the policy has run for certain minimum period.

a) Child career plan: This plan provides the risk cover on the life of child not only during the policy term but also during the prolonged term. Every Air Jordan 3s child has many dreams and ambitions. Child career plan assists you to take care of the profitable enterprise side of your child’s education. A number of Air Jordan 8s survival benefits are Air Jordan 7s payable on surviving by the life assured to the end of the specified durations. This plan gives the full safety to the life of the child during the policy term.

b) Child future plan: Child future plan which is not only to offer protection for your child during the policy term, but also if you have drawn out your policy for seven years after it has expired. Child future plan provide the cover for your child during the policy term. This plan licenses you to pay the premiums according to your comfortableness, either monthly, half yearly, or annually. Child’s future planning adopts great importance because education and marriage are the higher priority goals for your child.

c) Jeevan Anurag: This plan can be taken by a parent on his or her own life benefits under the plan are payable at pre specified duration irrespective on whether the life assured survives to the end of the policy tremor dies during the term of the policy.

a) Jeevan Anand: This policy is suitable for the people of all ages and social groups . The policyholder will be benefited by giving protection to their families from a financial setback that may occur owing to their demise.

b) Jeevan Amrit: Jeevan Amrit is also a ‘With Profit’ plan, as it provides assured sum along with profit sharing in the form of bonuses from the corporation.

Life Insurance offers flexible plans to invest and furnishes high return with security of the money. Previously it was well known for its insurance plans but now it getting full faith of customers in investment too.

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