Life Insurance Corporation (LIC) policies are popular in India due to their benefits, such as providing financial security and savings. In addition to these benefits, LIC policies also allow policyholders to take loan on LIC policy. In this blog post, we will discuss loans on LIC policies in detail, including eligibility, loan amount calculation, repayment, […]
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Life Insurance Corporation of India (LIC) offers life insurance policies that provide financial protection and investment opportunities. However, at times you need to surrender your LIC policy before the end of the policy term. In this post, we’ll discuss when to surrender an LIC policy. The process for surrendering it, alternatives to surrendering, and important
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Life Insurance Corporation (LIC) is one of the most trusted and reliable insurance companies in India. Not only does it provide financial security to the policyholder and their family, but it also offers various tax-saving benefits. LIC policies are a great way to save taxes and secure your financial future. In this article, we will
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Children Money Back plan is a non-linked, participating, money-back policy offered by Life Insurance Corporation of India (LIC) that provides financial support to the policyholder for meeting the expenses of their child’s education, marriage, etc. The policy offers a fixed percentage of the sum assured as money-back at specific intervals along with maturity benefits and
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Life Insurance Corporation of India (LIC) is one of the oldest and most trusted insurance providers in the country. It has been providing financial security and peace of mind to millions of people for over six decades. As a policyholder, one of the most important responsibilities is to ensure timely payment of premiums. In this
Human Life Value Calculator Human Life Value Calculator Annual Income: Annual Expenses: Discount Rate (%): Calculate HLV The concept of Human Life Value (HLV) in India refers to the amount of money that a person’s life is considered to be worth. It is used to determine the compensation or benefits that should be paid in
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Why LIC is the first choice of 32 crore Indians? Life Insurance Corporation of India (LIC) stands as a beacon of financial security for millions across the nation. With its diverse range of insurance plans, LIC offers individuals the opportunity to safeguard their future and protect their loved ones against life’s uncertainties. Whether you’re a
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LIC Pension Plans: Your Path to a Secure Retirement Explore the range of LIC Pension Plans designed to cater to diverse retirement needs, offering financial security and peace of mind. 1. Jeevan Akshay VI: Immediate Annuity Plan 2. New Jeevan Nidhi: Deferred Annuity Plan 3. Pradhan Mantri Vaya Vandana Yojana (PMVVY) 4. LIC’s Jeevan Shanti:
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What is a life insurance term plan. Please explain with example A life insurance term plan is a type of life insurance policy that provides life coverage for a specified term or period. If the policyholder passes away during the policy term, the sum assured or death benefit is paid to the nominee or beneficiary.
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Why do I need to buy LIC Policy? Life Coverage: The main and top reason to buy a LIC policy is the life cover. Life insurance policies provide coverage for the policyholder’s life. In the event of an unfortunate event like the policyholder’s demise, the family receives the sum assured as a lump sum amount.
