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Life Insurance Benefits: According to LIC (India) Life insurance provides:
Protection:
Full protection against risk of death of the saver..
Long term saving:
It allows long-term savings since payments can be made effortlessly because of the 'easy instalment' facility built into the scheme.
Liquidity:
Easy to acquire loans on the sole security of any policy that has acquired loan value.
Tax Relief:
Enjoy tax deductions on income tax and wealth tax. This is available for amounts paid by way of premium for life insurance subject to income tax rates in force.
Money When You Need It:
Suitable insurance plan or a combination of different plans can be effectively used to meet certain monetary needs that may arise from time-to-time.
Who Can Buy A Policy?
According to LIC,INDI "A ny person who has attained majority and is eligible to enter into a valid contract can insure himself/herself and those in whom he/she has insurable interest".
Each individuals insurance needs and requirements are different from that of the others.LICs Insurance Plans are policies that talk to you individually and give you the most suitable options that can fit your requirement
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Email:kalpana_mehta123@yahoo.com
