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Life insurance in India made its debut well over 100 years ago.In our country, which is one of the most populated in the world, the prominence of insurance is not as widely understood, as it ought to be. What follows is an attempt to acquaint readers with some of the concepts of life insurance, with special reference to LIC.
It should, however, be clearly understood that the following content is by no means an exhaustive description of the terms and conditions of an LIC policy or its benefits or privileges.
For more details, please contact our branch or divisional office. Any LIC Agent will be glad to help you choose the life insurance plan to meet your needs and render policy servicing.
Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.
The date of maturity, or pecified dates at periodic intervals, or Unfortunate death, if it occurs earlier.
That of living till old age withoutisible means of support.
That of dying prematurely leaving a dependent family to fend for itself.
You earn your own Pension
As years pass, the Renewal Commission starts building up thereby assuring a pension for the next 20 to 25 years, not only for you but also for your heirs.
Also Swavalamban & Samvardhan Schemes are available.
 
 
 
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