Search This Blog

Powered By Blogger
Showing posts sorted by date for query LIC. Sort by relevance Show all posts
Showing posts sorted by date for query LIC. Sort by relevance Show all posts

Tuesday, April 30, 2024

Why buy LIC New plans - call to know 9886568000

Why buy LIC New plans

Life is unpredictable, but financial security for yourself and your loved ones doesn't have to be. Life insurance acts as a safety net, offering a financial cushion in case of unforeseen circumstances. In India, Life Insurance Corporation of India (LIC) stands tall as a trusted name, synonymous with stability and security. This article explores the compelling reasons why choosing an LIC policy might be the right decision for your financial well-being.

The Strength of a Sovereign Guarantee

One of the most significant advantages of LIC policies is the backing of the Indian government. Unlike private insurance companies, LIC enjoys a sovereign guarantee. This means the Government of India guarantees the sum assured (death benefit) and declared bonuses on LIC policies. In simpler terms, if for any reason LIC faces financial difficulty, the government steps in to ensure policyholders receive their rightful benefits. This sovereign guarantee adds an unmatched layer of security to your investment, a feature absent in most private insurance companies.




Peace of Mind with Guaranteed Returns (with Caution)

While the concept of guaranteed returns might sound appealing, it's important to understand it with nuance. Unlike traditional term insurance plans offered by private companies, some LIC policies participate in profit-sharing. This means a portion of LIC's profits are distributed as bonuses to policyholders. These bonuses are declared year after year, and while not guaranteed, they historically have provided a steady return on your investment. However, it's crucial to remember that these bonuses are not fixed and can fluctuate based on LIC's performance.

NRIs, OCI and POIs can also come forward and invest in government guaranteed plans.

Focus on Long-Term Wealth Creation

LIC policies are best viewed from a long-term perspective. Many LIC products combine insurance coverage with a savings component. This allows your money to grow over time, potentially accumulating a significant corpus at policy maturity. This can be a valuable tool for wealth creation, especially for long-term goals like retirement planning or funding your child's education.

Diverse Product Portfolio to Match Your Needs

LIC offers a wide range of insurance plans catering to various life stages and fi Here's a glimpse into some popular categories:

  • Term Insurance: These plans provide pure life cover for a specific period. In case of the policyholder's unfortunate demise during the policy term, the sum assured is paid to the nominee
  • Endowment Plans: These plans combine life cover with a savings element. On policy maturity, the policyholder receives the sum assured along with accumulated bonuses.
  • Money Back Plans: These plans offer periodic payouts throughout the policy term along with the maturity benefit. This can be helpful for meeting short-term financial goals.
  • Unit Linked Insurance Plans (ULIPs): These market-linked plans invest a portion of your premium in the stock market, offering the potential for higher returns but also carrying some investment risk.

Finding the Right Policy with LIC Agents

lic child plans, insurance shivakumar, lic bangalore agent, lic bangalore, lic online


Beyond Financial Security: Benefits for Your Nominee

An LIC policy goes beyond just financial security for yourself. It ensures your loved ones are taken care of in your absence. By nominating a beneficiary (nominee), you designate who receives the death benefit in case of your unfortunate demise. This can be instrumental in easing the financial burden on your family during a difficult time. LIC agents can also guide you through the nomination process, ensuring a smooth claim settlement for your nominee.

Tax Advantages of LIC Policies

LIC policies offer attractive tax benefits in India. Premiums paid towards most LIC policies qualify for a deduction under Section 80C of the Income Tax Act 1961. This can significantly reduce your taxable income and offer tax savings. Additionally, the maturity benefit from certain LIC policies is exempt from income tax under specific conditions.

Conclusion: A Well-Rounded Choice for Financial Security

While private insurance companies offer a wider variety of investment options, LIC stands out for its unparalleled security and government backing. The combination of guaranteed death benefit, potential bonus payouts, and tax benefits makes LIC policies a compelling choice for those seeking a safe and secure way to plan for their future and protect their loved ones. Remember, carefully assess your financial needs and risk tolerance before choosing a specific LIC policy. Consulting a financial advisor can also be beneficial to ensure the chosen plan aligns with your overall financial goals. By taking the time to understand the benefits of LIC policies, you can make an informed decision that safeguards your financial future and brings peace of mind.



Sunday, July 17, 2022

LIC Housing Finance Ltd. - Bengaluru

LIC Housing Finance Ltd.


AddressNo. 43/1, 
Aishwarya Mansion, 
1st Floor, 9th, 
Bengaluru, Karnataka 560038
Phone080 2296 0546

Friday, January 28, 2022

LIC of India Branch 154 City Br Office III 154

LIC of India Branch 154

Sector-12 Chopasani Housing Board

Jodhpur Rajasthan.

342001

0291 2657844

bo_154@licindia.com

LIC of India 1262 Osian Branch Office 1262

LIC of India Branch 1262

Near Community Health Centre

Main Bazar Rd Vill & P O Osian.

Dist Jodhpur [Rajasthan] 

02922-274181

bo_1262@licindia.com

LIC of India Branch 10D Mandore Branch Office

LIC of India Branch 10D 

Plot No 63 1st Polo Paota.

Mandore

Jodhpur

342007

0291-2657839

bo_10D@licindia.com

LIC of India Branch 10C Phalodi Branch Office10C

LIC of India Branch10C

Jeevan Jyoti Adrash Nagar

Phalodi Dist. Jodhpur

Rajasthan.

342301

02925-222368

LIC of India 575 Udaipur LIC Branch 575

LIC of India, Udaipur Branch

Hospital Road P O Radhakishorepur

Udaipur. Tripura State

799120

03821-222302

bo_575@licindia.com

LIC of India Branch 333 Udaipur Branch Office II 333

LIC of India Branch 333

Patel Circle Post Box – 39

Udaipur

Rajasthan.

313001

0294-2484564

bo_333@licindia.com


LIC of India 197 Udaipur Branch Office I 197

LIC of India Branch 197

Jeevan Raksha Post Box No 24.

Delhi Gate

Udaipur Rajasthan

313001

0294-2414493

bo_197@licindia.com

LIC of India Branch 18W Nathdwara Branch 18W

LIC of India Branch 18W

New Road

Nathdwara.

Dist Udaipur Rajasthan

313301 

02935-233546

bo_18W@licindia.com

LIC of India Branch 18S Rishabhdeo Branch Office 18S

LIC of India Branch 18S

Rishabhdeo

Dt Udaipur.

Rajasthan

313802

02907-230039

bo_18S@licindia.com

LIC of India 18H Udaipur CAB Branch office 18H

LIC of India Branch office 18H

Career Agent Branch Post Box – 88

Sub City Center Udaipur

Rajasthan.

313001

0294-2487107

bo_18H@licindia.com

LIC of India 313 CAB Kota Branch office 313

LIC of India, CAB Kota

Lic Building

No 2 Chhaoni Chouraha.

Kota

324007

0744-2390797

bo_313@licindia.com

LIC of India Branch 18X Kota Branch 18X III

LIC of India 18X 

Kota-Iii Unit Iii

1 Balaji Market Rangawari Road

Kota (Rajasthan).

324007

0744-2472423

bo_18X@licindia.com

LIC of India Branch 183 Kota Branch office 182

LIC of India Branch office 182

Jeevan Raksha 
 
Chhaoni Chouraha. 
 
P B No 26 Kota 
 
324007

0744-2390457 
 

LIC of India Branch 109 Kota II LIC Branch office 109

LIC of India Branch office 109

Branch Unit No Ii 1 Balaji Market

Rangwari Road

Kota Rajasthan

324007

0744-2473051

bo_109@licindia.com

LIC of India 19T Sanganer Branch Office 19T

LIC of India Branch office 19T

Sector 8, Tonk Road

Pratap Nagar

Sanganer

303902

0141-2797053

bo_19t@licindia.com

LIC Branch office 15U Deoli LIC Branch Office 15U

LIC of India 15U

Church Road

Deoli.

Dist Tonk Rajasthan

01434-231418

bo_15U@licindia.com

LIC of India Branch office 157 LIC tonk Branch

LIC of India Branch office 157

N.S.O./5-6-7 Nehru Place

Tonk Road.

Jaipur Rajasthan]

0141-2747065

Featured Post

LIC of India, Divisional Office Insurance company in Mysore, Karnataka - LIC Branches of Mysore

LIC of India, Divisional Office Insurance company in Mysore, Karnataka Address: Divisional Office,  Jeevan Prakash  BANGA-MYS RD,  New Banni...

Popular Posts