Introduction: Life insurance is one of the most important investments that you can make in your lifetime. It helps secure the future of your loved ones in case of your untimely demise, and offers a range of benefits such as tax savings and investment opportunities. However, many young people in India tend to overlook the …
The Benefits of Investing in a Life Insurance Policy at a Young Age in India Read More »
Life insurance is an essential investment for anyone who wants to secure their family’s future. It offers financial protection to your loved ones in the event of your untimely demise. In India, there are various types of life insurance policies available from different insurance providers. However, before buying life insurance, there are certain things that …
10 Things You Need to Know Before Buying Life Insurance in India Read More »
Life Insurance Policy for Tax Exemption: Understanding LIC Jeevan Labh, Jeevan Anand, and Jeevan Umang Life insurance policies are contract agreements between the policyholder and the insurance company where the insurer agrees to pay a sum of money to the beneficiaries upon the death of the insured individual. The policies also offer various other benefits …
Jeevan Labh is a non-linked, with-profit endowment life insurance policy offered by the Life Insurance Corporation of India (LIC). This policy provides financial protection to the policyholder and their family in the event of their untimely death or upon maturity of the policy. Here’s an example of how the policy works: Let’s say a 30-year-old …
