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Understanding LIC Insurance terms

LIC Agent in Bangalore : Call or WhatsApp 9945689986 to buy new insurance policy online General Insurance Terminologies       We understand, when your are planning to buy your new insurance policy, with so much information available on the internet its difficult to understand all the insurance related terminologies used. We thought of simplifying this information for you. Here is a list of some regularly used terms and their meanings. Sum Assured (SA) : This is the term used to describe the life insurance or coverage.  The sum assured is the amount that the LIC will pay to the nominee if the insured person dies during the policy tenure. The sum assured is chosen by the policyholder at the time of purchase. Life Assured (LA): Life Insured or assured is the person who is insured. It is for whom the life insurance plan is purchased to cover the risk of untimely death. Premium: The premium is the amount you pay to the insurer (your life insurance company) to keep your l
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Know and protect yourself from insurance frauds

How to protect yourself from insurance frauds? With frauds in rise everywhere it is important that the customer know how to protect himself. Though Insurance frauds are not something new but such incidents have been rising – particularly in motor, health and personal accident segments. Recently several news reports have also shown how fraudsters filed cases of natural deaths as road accident victims in order to claim money from their personal accident policies. To counter such insurance frauds initiatives are needed from both the insurer and the insured side. For example: most of the insurance companies generally have their own call-back system to ascertain that the customer has understood the benefits and terms of the policy. Similarly, before signing on the dotted lines, insured should lookout for the warning signs that indicate an insurance policy could be fake. Here are a few tips you can use to check the facts: Buy from licensed insurers & intermediaries   Make s

LIC plans for working women

INCOME TAX AND TAX BENEFITS FROM LIC FOR WORKING WOMEN CALL OR WHATSAPP : 9945689986 LIC offers some of the best plans for the current generation young working women force. You can save tax for all the investments made in LIC of India. These plans help you save for your needs even when you stop working. They offer a variety of flexibility by offering lesser premium paying terms, frequent money backs and prolonged returns after a longer term. Please do check the below plans. They will definitely interest you. Jeevan Labh : With premium payment as less as 10 years, you will be receiving the maturity amount after 16 years. You will be enjoying life cover for extended 6 years without premium payment. You can pay for 10 years and sit back and relax. To know more about this plan check the link Money Back Plan : This plan is a favorite among women. With premium payments for 15 and 20 years and flexible money back ret

Lic jeevan shanti bangalore

LIC Jeevan Shanti - New LIC Plan LIC Jeevan Shanti Plan is a non-linked, non-participating, single premium annuity plan wherein the Policyholder has an option to choose an Immediate Annuity or Deferred Annuity. This plan shall be allowed to lives including third gender. Premium Payment Mode: Single Premium Visit our websites: Annuity Mode: • Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. Minimum Entry Age : 30 Year Completed Maximum Entry Age : • 100 years (last birthday) for Option F in Immediate Annuity • 85 years (last birthday) except Option F in Immediate Annuity • 79 years (last birthday) Deferred Annuity Minimum Sum Assured : • Rs.1,50,000/- Maximum Sum Assured : NO LIMIT Annuity Option : 1. IMMEDICTE ANNUITY OR 2. DEFERRED ANNUITY 10 OPTIONS FOR IMMEDIATE ANNUITY 2 OPTION FOR DEFERRED ANNUITY : 1. SINGLE LIFE 2. JOINT LIFE DEFERMENT PERIOD : 1 year