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...
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LIFE INSURANCE Steps to Calculate Your Life Insurance Needs Calculate Your Life Insurance Needs 1. Know your Family Income and Expenses – Earning – Expenses 2. Know your Family’s one time needs – Child’s Wedding + Education, home Loan + Other expense 3. Know your current assets – Cash + Savings + Investments + Existing Life Insurance Your Calculation = Total Requirements (1 +2) - Existing Assets (3) = Insurance needed. Reasons you need to increase insurance cover 1. Your parents retire 2. You get married 3. You become parents 4. You take a big loan 5. You start a business Circumstances when you don’t need insurance 1. You don’t have dependents 2. You have enough assets 3. Your spouse earns well 4. You have retired YOU CAN CONTACT ME THROUGH BELOW FORM FIND SOME TIME FOR YOUR FAMILY OR TODAY-CALL- 9873927723