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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The age is all about internet and there is nothing that is not available online. When you can purchases shoes and even refrigerator online, why cannot you purchase a life insurance or a term plan online? However, the question remains if you are sure that the insurance is going to yield good return or not. There are certain things you need to consider before purchasing an online insurance plan, which can be of any company of your choice.
Term insurance plan is often a taboo for the investors for the reason that you cannot enjoy the benefit of it. However, if you love your family and want to secure their life even if you are not around, term insurance is the best financial decision that you can take. The insurance is low cost with the premium being quite low but it will yield high return in case of death of the insurance holder. Several financial organizations offer the term insurance online and thus, there is no such problem with investing online. Check the policies online: The first step of purchasing a term insurance is to check the policy online. You can compare premium of different companies online from websites that are dedicated to insurance. It is not that difficult to calculate for a certain sum, but what you need to check is the terms and conditions of the insurance in question. It is important that you go to the brochure of the plan that you like and then check the clauses, the terms and conditions and more. Contact the insurance company: Once you choose the insurance plan, you can just call up the customer care of the company and try to solve the questions that you might have in your mind. These insurance plans are generally authentic but there are things you may not understand while checking the plan online. Make sure to get your doubts cleared. At the same time you have to read the details of the plan. While this step is not mandatory it can be followed for the convenience. There are trusted online service providers offering insurance plans that make sense. You can check the procedure of the payment and their customer service theory before you make any payment. You can also check the available feedback on the web in order to choose the correct online provider. You can consult with the insurance company itself in order to know if the same kind of service is offered to the online customers or not. This is simple and hassle free and as long as you are making payment through secured gateway, you don’t need to worry about things. Even if you are taking a life insurance or a term insurance plan online, you will receive some paper document from the company as a proof of investment. The life insurance companies in India will deliver them within a short period of time. If you don’t get those documents within the stipulated time, make sure to contact the customer service for enquiry. These days, term insurance and life insurance are offered online with similar benefits. They are rather more convenient than the general door to door service because you can compare a lot of things between companies without visiting them. It will give you better comparison and will tell you how much money you can save in those investments. Consider term insurance to be a benefit for life after death because your family will always be safe if you are investing in a proper way. However, knowledge is the key to such insurances and you shall never neglect the fact. |
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