LIC Agent – 9886568000
Need for life insurance
Need for life insurance may differ person to person. LIC Agent work to save maximum for the proposer in terms of insurance and returns. Every one needs to save hard earned money for the future. Basic needs drive every one for Life Insurance and guaranteed returns. Future needs planning at every step. Everyone’s life of full of expectation and requirements.
Along with all basic needs Life Insurance should also be considered as most important thing. Proper planning of Life Insurance with experienced LIC Agent is a must for achieving long term goals. It should be Roti, Kapda, Makaan and Life Insurance. Needs for Life Insurance may be many but main requirements are as follows.
LIC New plans
LIC new plans are designed with or without riders. Accidental benefit, Critical illness are available as a rider with extra premium. Accidental benefit is a rider which should not be missed at any cost. Cost of this rider is very nominal and helps to save tax also. Critical Illness rider is also available at extra cost to the policy holder.
Some basic needs for life insurance are :
- Insurance cover
- Child Education and marriage planning
- Tax planning
- Pension/ Annuity
- Whole life cover
Life insurance cover
Life insurance cover has become basic requirement in these days. Every life needs life insurance in some or the other ways. There two kinds of life insurance plans, they are Endowment plans and Term Insurance plans. Endowment policy offer life insurance and guaranteed returns on maturity whereas Term insurance plans offers only life insurance cover.
Child Education and marriage planning
Every parent wants to give best education to their child. Future depends planning and execution of child’s education in a proper way. Education plans if purchased at younger age may help to reduce premium and get more returns. Periodic returns from insurance may help for school fee, tuition fee etc in a great way. Planning for higher education may help parents.
Saving a big amount for marriage may be a big task. Insurance plans may help parents to insure themselves and save for child education and marriage. Insurance plans can play a big role in girl child marriage planning. Policy can be purchased for 19 0r 25 to coincide with higher education and marriage planning.
Tax Saving plans
Insurance plans play a major role in Tax Saving. Investment in Tax Saving plans can be done up to Rs. 1,50,000/-. Returns from insurance plans like, survival benefits, maturity and claims are tax free under section 10 ( 10 D). Dual Tax savings make Insurance plans very popular among policy holders. LIC plans like Jeevan labh, Jeevan Umang, Jeevan Akshay may help income tax payers in big way to reduce tax burden and save for future. Consult an experienced LIC Agent to diversify and reduce the tax burden.
Pension planning is very important for future. Life after retirement may become a big problem inf future. For some people retirement period may be more than working years. For pensioner the expenses are going to be more than what he spent during his office days. LIC retirement plans are guaranteed with tax free for life time with life insurance cover.
Whole life insurance cover
Very less Insurance companies provide Endowment whole life plans. LIC of India Endowment plans like Jeevan anand, Jeevan Umang provides life time insurance cover and 100% tax free returns. One may not be interested to buy Insurance plans on maturity but life time plans would help to continue the plan after giving maturity also.