If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance. - Suze Orman
Life Insurance is required if you have dependents, and are the primary provider of the family.
Insurance ensures your family is looked after if something happens to you.
Savings from a life insurance policy guarantee full protection from risk of the life assured's death.
It also assures payment of the entire insured amount, with applicable bonuses, in the unfortunate event of demise.
Life insurance is a highly recommended addition to your overall financial portfolio, regardless of your age.
A policy that has a suitable insurance plan or a combination of different plans can be effectively used to meet certain monetary needs that may arise, including children's education, marriage provision or even periodical cash needs.
Life insurance is also the best way to enjoy tax deductions on income tax and wealth tax.
As the oldest and largest life insurer with the widest range of policies and the best claim settlement record,
Life Insurance Corporation of India (LIC) towers over the Indian insurance field. We recommend LIC for all your insurance needs.
Explore our sections below for details of LIC policies to suit your various needs:
Endowment Plans
Endowment plan is term insurance policy with maturity benefits. In case of demise of policyholder,
the Sum Assured along with accrued bonuses (if any) is paid to the beneficiary. On survival of policyholder, the same is paid on the maturity date.
Children Plans from L.I.C. provide safeguard and planned savings for the future of your children with respect to funding their upbringing, education, career, marriage, etc.
Numbers of options are available to satisfy and match your goals for your children.
Pure Protection Plans are specially designed to offer only Life Cover at a very low premium. There are short term plans, long term plans and convertible plans in this category.
A bunch of perfect plans offered by LIC to meet the insurance needs and the period financial needs of an Individual. The plans provide cash inflow at a predefined intervals.
CERTIFIED FINANCIAL PLANNERCM and CFPCM are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planning Standards Board India is the marks licensing authority for the CFPCM marks in India, through agreement with FPSB.