Life Insurance Corporation of India ( LIC India )

The Life Insurance Corporation of India is one of the Insurance Company of India, it is an Indian State Owned Insurance Group and Investment Company whose headquarters is in Mumbai. LIC of India is the largest Insurance Company of India, with best claim settlement ratio in the world.
The Life Insurance Corporation of India was founded in 1956, when the Parliament of India passed the Life Insurance of India Act, which nationalised the private insurance industry in India. It is the only Life Insurance company which is run by the Government of India.

LIC India Life Insurance Policy

Life Insurance is essential for every one. A salaried person, businessmen or a minor, Life Insurance policy planned at younger age would help the proposer to save premium and get maximum advantage.LIC Life Insurance policy premium would be fixed according to entry age and till the end of paying term it would be the same .
There various stages in everyone’s life. These stages are indications for an individual to increase Insurance coverage, invest and save more money for the future.

The stages are :

  • The Starting-out years : (25-30 yrs)
  • Stage 2: The Setting-up years : (35-45 yrs)
  • Stage 3: The spending years : (45-55 yrs)
  • Stage 4: The Accumulation Years : (55-65 yrs )

Know you are in which stage. Planning is a must for Life Insurance not only because it your hard earned money, future would be secured.

Call us at 9480240513 for best life insurance policy and save maximum tax on lic premium.

LIC New Senior Citizen Plan

Government of India – PRADHAN MANTRI VAYA VANDANA YOJANA – LIC PLAN 842 – IMMEDIATE PENSION PLAN

Pradhan Mantri Vaya Vandana Yojana plan is only for 60 years above as announced by Government of India in the Budget 2017-18. Pradhan Mantri Vaya Vandana Yojana plan would be available for one year from date of launch so this plan can be purchased till 3rd May, 2018 only.

Pradhan Mantri Vaya Vandana Yojana plan Benefits:

Pension Payment :
n survival of the Pensioner during the policy term, Pension in arrears (at the end of each period as per mode chosen by the Pensioner) shall be payable.

Death Benefit:
On death of the Pensioner during the policy term, the Purchase Price shall be refunded to the nominee/legal heirs.
Maturity Benefit: On survival of the pensioner to the end of the policy term, Purchase price and the final pension instalment shall be payable.

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Taxation :

All plans, tax exemptions are subject to Income Tax rule amendments from time to time by Government of India under Income Tax Act.,

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