Now a day nothing is permanent so it is better to get everything insured and secured. Generally people assume that the term insurance is only related to life insurance whereas insurance can be of vehicles, house, gadgets, ornaments and many more things. In past few decades many insurance companies have come up in India with several lucrative offers but none of them could compete the policy of LIC life insurance. Basically LIC Life insurance is a government organization, the motto of LIC life insurance is to provide insurance to people. The most prominent scheme of Life Insurance Corporation is LIC JEEVAN SARAL, it is basically a lie insurance that assures to pay the policy holder the sum assured. But it is always advisable to do a thorough research before buying any policy. Here are few interesting things that you must know about LIC JEEVAN SARAL before opting for it. Here are few interesting terms and conditions of LIC JEEVAN SARAL before opting for it. 1.Under this scheme the policy holder can pay the premium of insurance in installments according to his or her requirement. For example if the policy holder wants to pay the premium of twenty thousand rupees in four installments then he or she can pay five thousand rupees quarterly in a year.
Apart from getting life insured many people buy life insurance policies just to get relaxation on tax. In order to motivate people for taking life insurance policies government has proposed certain percentage of tax redemption on these kinds of policies. Generally, people become very fussy about policies so LIC LIFE INSURANCE has employed many Life insurance agents just to help people to understand the policy better and choose the right policy for them. Out of several policies LIC JEEVAN SARAL has got huge acclamation among people. The prime aim of opting for life insurance is to secure the future of the family after the death of the prime earning member of family. The nominee of the policy holder gets the pay out after the death; the payout depends upon the amount of premium paid by the insurance holder. It is also directly proportional to the term of insurance plan. If the policy holder pays the premium regularly then he or she is likely to get loyalty benefit also. People taking insurance for short term are likely to get less insured amount whereas people with long term policy are considered to get more payout amount.
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