LIC Regular Plans
LIC regular plans are also called as Endowment insurance plans. These plans are simple in nature, offer best returns.
LIC Life Insurance gives dual benefit life insurance with the concept of savings. Regular LIC policies, unlike pure term Insurance, provide death and maturity benefits and many other benefits according to the Plan formulation. All LIC policies comes with surrender values after certain number of years. LIC policies comes with Normal cover and Double Accident Cover( DAB).
LIC Life Insurance plan starts with minimum Rs. 1,00,000/- sum assured except one or two plans and the insurance cover starts from day one, in some cases based on the approval of the insurance underwriters. special riders can be added to all plans to enhance the cover and benefits of the policy like term rider, disability rider, Critical Illness etc., These riders give extra benefits to the policy holder by paying extra premium as per the under writing approval.
Every plan from LIC of India focuses some responsibilities in life.