Life-Insurance-Lic-Plans

Insurance is essentially a pact between the insured and the insurer. Liquidity, loan against policy and tax lic india benefits have made them more alluring than ever before. In the past, people would go in for rather conventional lic agent chandigarh insurance policies which were typically term policies lic online  or endowment policies.

They do not yield high returns and the premium paying term is rather long. Life lic business Insurance lic plans Corporation of India or LIC, as we commonly know it, was once considered the insurance giant but now it has made way for insurance biggies like AEGON Religare, Aviva, Bajaj lic chandigarh  old plans provide a safety net, they are outdated owing to the spiraling cost of living.

The business of life insurance has seen a paradigm shift. lic agent chandigarh

These ULIPs invest the insurers money in the market and not only promise lic ageny chandigarh  in insurance, we have learnt that investment and insurance can take place at the same time and with the same amount of lic policy money. They have life insurance claims a lot of flexibility in terms of premium, term and riders.

These plans insurance company chandigarh  mostly gave the insured insurance for life, health and sometimes linked with life long pension paying scheme. The insured pays the insurer a certain amount of money at fixed intervals as a premium in lieu of which, the insurer pays a certain sum assured in the event of death or on maturity of the policy. The risk appetite lic plan in general has increased hence Unit Linked Insurance Plans or ULIPs are ruling the roost.

We live in life insurance interesting times interesting yet volatile. Gone are the days where people went in for government lic ageny chandigarh sector companies and played it safe. A decade back, the younger generation was not as aware of the need lic chandigarh of insuring oneself as today's youth.

They come attached with a host of optional riders like accidental death, critical illness and premium waiver benefits. In such times, where there are no guarantees on life, Life Insurance is the only assurance that you have to guard you and your loved ones against the unknown and the unforeseen. The sum assured in these insurance plans are guaranteed and pre decided. Almost all these plans can be customized as per the insurer's needs.