Types of LIC policies/ Plans :
Life insurance, Endowment plan, Whole life insurance, Term insurance (Term plan), Pension plan, Retirement plan, Money back plan, Children savings plan, Single premium plan, Limited premium plan, Savings cum Insurance plan, Savings cum Tax benefit plans, Plan for high net worth professionals, Plan for women, Plan for men, Long term plans, Short term plans, Low premium plans, High savings plans
Endowment Plan:
Endowment plan is a life insurance policy which provides you with a combination of both i.e.: an insurance cover, as well as an savings plan. It helps you in saving regularly over a specific period of time, so that you are able to get a lump sum amount on policy maturity, if the policyholder survives the policy term.
Whole Life Plans:
A whole life insurance policy or permanent life insurance provides life coverage until the death of the life assured. The policy stays in force throughout the life as long as the life assured pays the premium. The sum assured or the coverage is decided at the time of policy purchase and is paid to the nominee at the time of death claim. Usually, the maturity age is 100 years. If the life assured dies before the age of 100 years, the nominee receives the sum assured. However, if the life assured outlives the age of 100 years, the insurance company pays the matured endowment coverage to the life insured.
Immediate annuity plan (Pension plan):
Immediate annuity plan that can be bought by paying a lumpsum as Single Premium. Pension will start immediately after buying the policy. Various options are available for the type and mode of payment of annuities. But once chosen, it cannot be changed.
Money Back Plans:
A money-back policy is a policy which gives money-back at regular intervals. This money-back is paid during the plan tenure and is a percentage of the Sum Assured. Money-back pay-outs are called Survival Benefits. These benefits are paid during the plan tenure and on maturity, the remaining Sum Assured is paid along with vested bonuses. However, if the insured dies during the plan tenure, the full Sum Assured is paid irrespective of the Survival Benefits already paid.
Children Plans:
A child plan not only enables parents to financially secure the future of their children, but also acts as the guardian in case of the absence of the actual parent. LIC Child Insurance Plans assure parents of their ability to be a responsible provider for their children and guarantee a financially stable future.
Term Assurance Plans:
Term insurance plan is a form of life cover, it provides coverage for defined period of time, and if the insured expires during the term of the policy then death benefit is payable to nominee. Term plans are specifically designed to secure your family needs in case of death or uncertainty.
LIC’s e-Term-RIDER
LIC E-Term Plan. The e-term plan is a non-participating pure life insurance plan which can be bought only through the online mode without the involvement of any intermediary. Pure life insurance cover means that only the policy holder’s life is covered.
» LIC's Linked Accidental Death Benefit Rider
» LIC's Accidental Death and Disability Benefit Rider
» LIC's Accident Benefit Rider
» LIC’s New Critical Illness Benefit Rider
Buy Life Insurance Plans and Policies from :
Srinivasu
LIC agent hyderabad
Kukatpally, Hyderabad
Call : +91 9912359818.
