Annuity plan: An annuity plan is a type of retirement plan that offers you a regular payment in return for a lump sum investment.
Endowment plan: An endowment plan allows you to build risk-free savings and protect the financial interests of your family in your absence.A part of your premium gets invested in equity/ debt/ balanced funds as per your choice and the other part is used to secure your loved ones with a sum assured Unit linked insurance plan (ULIP): A unit-linked insurance plan offers investment and insurance under the same policy.Term life insurance plan: Term insurance plans offer your nominee a fixed sum assured amount in exchange of regular premiums, in case of an unfortunate incident during the policy term.The maturity benefits also enjoy a tax-free` status under Section 10(10D) in most cases The premiums paid are tax` deductible under Section 80C and 80D of the Income Tax Act, 1961. Tax savings: Life insurance plans offer many tax` benefits to facilitate better savings.These plans offer guaranteed income on maturity and help you secure your retirement with adequate savings Retirement planning: Life insurance products like annuity plans, savings plans, endowment plans, and other help you build a retirement pool.They offer unique investment opportunities for every risk type with a wide range of products, such as unit linked investment plans, guaranteed savings plans, endowment plans, and more Disciplined investment: With regular premium payments, life insurance plans inculcate financial discipline.They offer options to cover different types of risks and goals Life insurance plans can be used to save for your future needs. Wealth creation: These plans help you create wealth over time and build savings.You can financially secure your family by choosing a substantial life cover so that they can maintain their standard of living in your absence Financial security: Life insurance products can provide you and your loved ones with financial security.There are several benefits of life insurance. It gives you peace of mind and confidence and helps you save taxes. Intimation to policyholders regarding changes in tax structure due to implementation of Goods and ServicesTax (GST) - Click Here Beware of Spurious Phone Call and Fictitious/Fraudulent Offers Beware of fake / spurious calls - DOs and DONTs " FRAUDULENT RECRUITMENT ADs: BEWARE.Life insurance protects your family members’ financial interests in your absence. Also on ALL POSSIBLE digital modes through LIC website without any service charges.
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App can be downloaded from play store" "Revised Working Hours of All Offices of LIC Of India from, pursuant to Notification S.O.1630(E) Dated 15th April 2021 wherein the CENTRAL GOVERNMENT has Declared Every Saturday as a Public Holiday for Life Insurance Corporation of India." "Dear Policyholder, Please submit Bank Account Details ( NEFT ) to LIC - Click here to Download NEFT Form" "PLEASE REGISTER IN CUSTOMER PORTAL FOR AVAILING ONLINE SERVICES" Basic Safety measures to fight against Coronavirus Disease(COVID-19) Breaking News : LIC premiums can now be paid at the nearest CSC centres throughout the country.
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