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WHAT IS THE RIGHT AGE TO BUY TERM INSURANCE PLAN?
As soon as you start working. Term insurance plans protect your family members who depend on your monthly income, in your absence. Securing your family’s future dreams is one of the priorities of your life. But rising living costs and inflation take away a large chunk of your monthly income – you are left grappling…
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LIC woos millennials with upgraded website, better customer service
In a bid to attract millennials, Life Insurance Corporation (LIC) of India has improved its customer service experience and upgraded its online services. The results are already showing. As of October 31, of about 10 million policies sold by LIC in 2019-20 (FY20), 2.2 million were to people aged between 18 years and 25 years, 2 million…
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What are some mistakes Indians make, that are destroying their financial lives?
Buying insurance policies for investment purpose Have you invested your money in insurance plan to get a return in future? Big mistake! Out of 100 people, 95 have made this mistake. Very few people understand the difference between term plan, endowment plan, etc. Not able to crack the credit card mystery Are you paying the…
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30 Reasons (Concepts) to have Life Insurance
For Family Future Provision.Support in unseen conditions of FamilyFinancial as well as provision for FamilyChildren EducationRetirement ProvisionFor Standard of Leaving Cost ProvisionFor living Independent LifeFor establishing the habit of saving.For Matching liabilitiesTo fulfil the need of life overcoming the problem of inflation.Yes Insurance for, Protect the Liabilities and AssetTo maintain standard of living of your…
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LIC waives off charges on credit card payments
The Corporation said any credit-card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from December 1. To promote digital transactions, Life Insurance Corporation has waived off the convenience fee on all payments to the…
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LIC New Endowment Plus Plan (Plan no.835)
This is a Unit Linked Endowment plan offering Investment cum Insurance during the term of the policy The policy holder can choose from 4 Investment Fund types: Eligibility Conditions & RestrictionsBOND FUND:Investment in Government : Not less than 60%Short-term Investment : Not more than 40%Investment in listed equity shares : NILFund for risk / return…