LIC INSURANCE HYDERABAD
LIC AGENT HYDERABAD
About LIC of India:
~Life Insurance Corporation, Popularly known as LIC is Indian state-owned insurance group and investment company.
~It is the largest insurance company in India with an estimated asset value of ₹2,529,390 crore.
~ LIC has been helping people to meet all their financial goals with a wide range of financial products.
~ The trust invested in us by more than 270 million drives us to excel at every step, be it product range, customer service, use of technology or management of funds.
~ Various plans to meet the financial needs of our customers, including plans for children's education, retirement solutions, health cover, investment plan and risk cover plan.
Need of insurance & savings:
~A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner.
~To ensure that your immediate family has some financial support in the event of your demise.
~To finance your children's education and other needs.
~To have a savings plan for the future so that you have a constant source of income after retirement.
~Life insurance is important for business owners because it can help protect the business from financial loss, liabilities or instability in the case of an owner or business partner's death. You can name a business partner a beneficiary to help them maintain the business and keep operations going.
Benefits:
~Savings & Protection,
~Protect the business from financial loss, liabilities or instability
~Money back policies
~Guaranteed survival benefits
~Premium waiver benefit
~Tax savings under section (Sec. 80C, 80CCC , 80CCD 10D ),
~Maturity of a life insurance policy or amount received as bonus is fully exempt from Income Tax under Sec 10(10D).
~Home loans,
~Policy Loans,
~Pension, etc..
Plans offering:
~Whole life insurance,
~Term assurance plan,
~Endowment plan (insurance cum savings),
~Unit linked plan (ULIP/Investments/funds)
~Child Savings plan,
~Money back plan,
~Pension plan,
~Single Premium plan,
~Limited premium plan,
~Micro Insurance Plans,
~Health plan,
~Cancer cover,
~Group plan, etc.
