LIFE INSURANCE FOR FAMILY IN INDIA

How Much Life Insurance Do I Need? Our Life Insurance Needs Calculator helps estimate an amount of coverage to help ensure your dependents are financially stable. Life insurance is a delicate topic – one many people aren’t comfortable talking about. It makes you think about death and what would happen to your family if you were gone. It also makes you wonder if your family would have the financial resources to cover final expenses and maintain their standard of living without you. Life insurance generates a lot of questions, most of which fall into two categories: 1) What type of insurance will best meet my family’s needs? 2) How much will I need? Life insurance doesn’t come in a one-size-fits-all plan. There are many  different types of life insurance  available with different features and benefits. When considering the life insurance that’s a good fit for you and your family, you need to examine your finances and consider current debts and assets, as well as c...

 12th September, 2014. Re: Concessions and relaxations to Policyholders affected by floods in the State of Jammu & Kashmir in September 2014.( http://www.licindia.in/pages/Internet_message--Concessions&relaxations_to_Policyholders.pdf ) The floods in the State of Jammu and Kashmir have caused massive loss of property and Infrastructure. Many have lost their lives and many more are feared missing. These include local residents and also others who are tourists to those areas. It has been decided to provide the following relaxations to the Policyholders affected in order to mitigate the hardships faced by the claimants in respect of settlement of claims. (A) Settlement of Claims : 1) Early/Non-early claim: If the death claim or disability was due to the floods, the claim will be treated as non-early, irrespective of the duration of the policy. Hence, the claim forms B, B1,C, E etc. and claim investigation can be dispensed with. Such claims can be processed at the Bra...

What is LIC’s Term Plan Policy? 18 May 2014   | LIC New PLans · LIC Policy · Term Plan Tags:  Term · Term · Term Plan What is LIC’s Term Policy? LIC’s Term policy is a pure life cover policy. Under this insurance policy, against payment of regular premium, the insurer agrees to pay your beneficiaries the sum assured in event of your premature death during policy term. However, if you survive till the end of the policy term, nothing is payable to you. Who should buy Term Insurance? Term insurance policies are best suited for working individuals who have dependents (Children, parents) and are looking for a considerable sum of protection against uncertainties of life (death) at fairly low prices. Term insurance plans fulfill the basic purpose of any life insurance policy by providing financial security for the applicant and his family. Where can I contact / write to know the status of my application? You can write to us at nandnibee@gmail.com or call ou...