Life Insurance Corporation (LIC) regularly introduces new insurance plans. Most recently, the company launched new policies that provide death benefits to the family upon the policyholder’s passing. Nowadays, people take out loans for various needs, such as home Loans, Education Loans, Vehicle Loans, etc. If something suddenly happens to the borrower, the family members become … Read more
The Indian Government announced a family pension at a uniform rate of 30t for the welfare of the families of LIC employees. It has also enhanced the gratuity limit for LIC agents from Rs 3 lakh to Rs 5 lakh and announced a slew of welfare measures for LIC agents and employees. These will substantially improve the … Read more
Investing earned money appropriately can ensure a lifetime of financial stability. There are specialized saving plans to secure your future. Financial planning is crucial at all stages of life, even after the age of 60, when earning potential decreases. LIC offers an attractive plan to address this need. Having sufficient funds is crucial for a … Read more
LIC offers a unique scheme called the LIC Kanyadan Policy, which can be used to secure a child’s future, education, or wedding expenses. This scheme has zero risks and is tailored for your daughter’s benefit. Under this policy, if you opt for a 25-year term plan, you will have to pay the premium for 22 … Read more
Many people take out LIC policies, pay premiums for a few years, and then stop paying. When this happens, the policies will lapse. However, you can surrender the policies if you find it difficult to continue paying the premium, giving you a sense of control over your financial decisions. Specific rules apply to surrendering policies. … Read more
The LIC Jeevan Labh Plan is an excellent option for those seeking savings and life insurance. It is a limited premium-paying endowment plan that offers financial security to the policyholder during the policy period. Under this plan, a lump sum payment is made at the end of the policy period, providing life insurance protection and … Read more
LIC offers excellent life insurance plans, but people cannot utilize them to their full extent due to a lack of proper information. One of these plans is the LIC Jeevan Umang Plan, which provides long-term financial security and stability. In this policy, if you pay an average premium of Rs. 110 per day, you can … Read more
The LIC Jeevan Utsav Plan offers coverage for up to 100 years by paying a premium for a limited period. After spending the premium for a fixed period and then after a lock-in period, the policyholder starts repaying the premium. Ten percent of the policy amount is paid annually for life. The Life Insurance Corporation … Read more
The Life Insurance Corporation of India offers multiple schemes, with the LIC Jeevan Anand policy being crucial. The minimum investment for this policy is 1 lakh rupees, and there is no maximum limit. By investing 45 rupees daily in this scheme, you can receive 25 lakhs after maturity. Investment options vary in terms of risk … Read more
Financial experts suggest knowing how to manage money is more important than earning it. By investing your earnings wisely, you can lead a trouble-free life. Many individuals use their hard-earned money to purchase homes, often resorting to home loans. However, LIC has introduced a game-changing housing finance scheme, Griha Rakshak, for personnel in the Indian … Read more