Advantages of Life Insurance
Saving for the future
The periodical premium payments become a habit. Unlike other savings plans
where only the accumulated savings is payable on maturity, the entire sum
assured is payable in a Life Insurance plan. Plus there are the bonus and
loyalty additions that many Life Insurance plans boast of
LIC Housing Loan
Housing loans are granted by the Life Insurance Corporation of India against all plans
that cover risk. However there are some special plans for Housing Loan purpose.
More on Home loans in India
Advisor Life Insurance Corporation of India (LIC)
Tarun Kumar Bansal
LIC Agent (Rohini Branch : Delhi)
[I.R.D.A. License Holder.]
Phone : 9899212115, E-mail : tarun.lic@gmail.com
Contact LIC Agent Delhi Now
Loan from LIC India
Loans for general are also available on Life Insurance plans/policies. These
loans can be use to meet unforeseen expenses. Since LIC's interest rates are
much lower than that of other financial institutions, the burden of paying
interest is not acutely felt.
LIC Accident Risk Cover benefits
Additional Risk cover can be taken along with a normal LIC policy to Safe Guard
the future from the death/disability due to accident. Some plans have built in
accidental risk cover or it can be added for a nominal amount say Re 1 per
thousand.
Income tax Rules for Life Insurance Policies
The premium paid on Life plans and specified investments like PF, NSC, etc.,
are eligible for income tax rebate/deductions.
Overall deduction limit -
Section 80CCE A new Section 80CCE has been inserted from FY2005-06. As per this
section, the maximum amount of deduction that an assessee can claim under
Sections 80C, 80CCC and 80CCD will be limited to Rs 100,000.Contact LIC Advisor
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Type of LIC Policies
Whole Life Policy, Endowment Policy, Term Policy, Money Back Policy, Joint
Life Policy, Children's Policy, Pensions Plans or Annuities, Women's Policy,
Special Plans, Group Insurance Policy are some of the policies from the LIC of India.
Jeevan Anand
This plan from LIC India is a combination of the Whole Life Plan and the most popular
Endowment Assurance Plan. The Jeevan Anand plan provides the pre-decided Sum Assured and
Bonuses at the end of the stipulated premium paying term, but the risk cover on
the life continues till death.Contact Advisor Now Komal Jeevan
The Komal Jeevan plan is specially made for the children between age of 0 to 10 years.
This paln guarantees a return @ 7.5 %
p.a on Sum Assured. Premium payments are limited upto the 18 years of the
child. Special Benefits can be added to the policy to ensure FINANCIAL SECURITY
of your child even in your absence. Contact LIC Agent Now
LIC Endowment Policy
LIC's Endowment with Profits
LIC's Limited Payment Endowment With Profits
LIC's New JanaRaksha Policy
LIC's Bhavishya Jeevan Sp. Endowment
LIC's Jeevan Anand
LIC's Jeevan Mitra (Double) / Jeevan Mitra (Triple)
LIC's Jeevan saral
LIC Money Back Policy
LIC's Money Back with Profits (75)
LIC's Jeevan Surabhi [15/20/25] yrs
LIC's Jeevan Sanchaya Plan
LIC's Jeevan Rekha
LIC's Unit Link Life Insurance Policy
LIC's Bima Plus
LIC's Future Plus (Pension Schime) |
LIC Special Plans
LIC's Jeevan Shree
LIC's Asha Deep II
LIC's Jeevan Asha / Jeevan Asha II (Medical)
LIC's Jeevan Vishwas
LIC's Bima Nivesh Triple Cover
LIC's Term Policy
LIC's Convertible Term Assurance
LIC's Term Assurance
LIC's New Bima Kiran
LIC's Anmol Jeevan
LIC Joint Life Policy
LIC's Jeevan Sathi
LIC Children's Policy
LIC's Jeevan Kishore
LIC's Jeevan Chhaya
LIC's Komal Jeevan *
LIC's Marriage Endowment/ Educational Annuity
LIC's Jeevan Annurag |
LIC Whole Life Policy
LIC's Whole Life with Profits
LIC's Convertible Whole Life Policy
LIC Women's Policy
LIC's Jeevan Bharati (FOR WOMEN ONLY)
LIC policies for Disabled
Dependents
LIC's Jeevan Aadhar
LIC's Jeevan Vishwas
LIC Housing loan Plans
LIC's Jeevan Griha Triple Cover
LIC's Jeevan Mitra Triple Cover
LIC's Jeevan Griha Double Cover
LIC Pension Plans And
Annuities
LIC's Jeevan Dhara
LIC's Jeevan Akshay
LIC's Jeevan Suraksha
LIC's New Jeevan Akshay
LIC's New Jeevan Dhara | | 
