LIC Plans – LIC Agent Bangalore

Buy LIC Insurance Policies Online and pay by Credit card or UPI

admin — Sun, 23 Jun 2024 14:37:14 +0000

Buy LIC Insurance Policies Online and pay by Credit card or UPI

Buy LIC New Policy for Guaranteed Returns and Life Cover

Life Insurance Corporation of India (LIC) is a premier insurance company offering a diverse range of policies tailored to meet the varied needs of its customers. With the growing preference for online transactions, LIC has streamlined the process of buying insurance policies online, making it convenient, secure, and accessible from anywhere in the world. This article explores the benefits and steps to buy LIC insurance policies online, the payment methods available, and the features of LIC’s new policy for guaranteed returns and life cover.

Benefits of Buying LIC Insurance Policies Online

Convenience: One of the primary advantages of purchasing LIC insurance policies online is the convenience it offers. You can explore various plans, compare them, and purchase the one that best suits your needs without having to visit a branch or meet an agent.
24/7 Access: Call: 9480240513 round the clock, allowing you to buy policies and make payments at any time, from anywhere.
Quick and Hassle-free: The online process is streamlined and user-friendly. You can complete the entire process within minutes, avoiding lengthy paperwork and multiple visits to the LIC office.
Secure Transactions: LIC’s online portal is equipped with advanced security features to ensure that your transactions are safe, and your personal information is protected.
Instant Policy Issuance: Upon successful payment and submission of the required documents, the policy is issued instantly, and you can download the policy document from the portal.

How to Buy LIC Insurance Policies Online

Call 9480240513 to choose the plans as per your needs and budget
Explore Plans: There are many plans available, like education plans, endowment plans, whole-money-back plans, term insurance, and ULIPs.
Select a Plan: Choose the plan that best meets your requirements. Detailed information about each plan, including benefits, premiums, and terms, is available before purchasing the policy.
Calculate Premium: Use the premium to get an estimate of the premium amount based on your chosen sum assured, policy term, and other parameters.
Fill in the Application Form: Once you have selected a plan, fill in the online application form with your personal details, nominee information, and other required information.
Upload Documents: Upload the necessary documents, such as identity proof, address proof, and medical reports (if required).
Make Payment: Choose your preferred payment method (credit card, UPI, net banking, or debit card) and make the payment.
Policy Issuance: Upon successful payment and document verification, your policy will be issued, and you can download the policy document from the portal.

LIC buy policy payment Methods

LIC offers multiple payment options to make the transaction process seamless:

1. Credit Card: You can use your credit card to make the premium payment. It is a convenient option that also allows you to earn reward points on your card.
2. UPI: Unified Payments Interface (UPI) is another quick and secure payment method. You can use any UPI-enabled app to make the payment.
3. Net Banking: LIC supports net banking payments from major banks in India. This is a secure method to transfer funds directly from your bank account.
4. Debit Card: You can also use your debit card to make the payment.

LIC New Policy for Guaranteed Returns and Life Cover

LIC’s new policies are designed to provide guaranteed returns along with life cover, making them an attractive option for risk-averse investors looking for assured benefits. Here are some of the key features of these policies:

1. Guaranteed Returns: These policies offer guaranteed returns, ensuring that you receive a predetermined amount at maturity or at regular intervals during the policy term.
2. Life Cover: In addition to the guaranteed returns, these policies provide life cover, offering financial security to your family in case of your untimely demise.
3. Tax Benefits: Premiums paid for these policies are eligible for tax deductions under Section 80C of the Income Tax Act. The maturity benefits and death claims are also tax-free under Section 10(10D).
4. Flexible Premium Payment Options: You can choose from various premium payment options, such as single premium, regular premium, or limited premium payment terms.
5. Loan Facility: These policies offer a loan facility against the policy, providing liquidity in case of financial emergencies.

LIC popular plan benefits

LIC Jeevan Umang

LIC Jeevan Umang is a unique whole-life plan that combines the benefits of endowment and whole life policies. It offers:

1. 1. Lifetime Coverage: Provides life insurance coverage up to 100 years.
  2. Annual Survival Benefits: After the premium payment term, it offers annual survival benefits equal to 8% of the Basic Sum Assured until maturity.
  3. Maturity Benefit: On maturity, it pays the Sum Assured along with accumulated bonuses.
  4. Death Benefit: In case of the policyholder’s demise, the nominee receives the Sum Assured along with bonuses.
  5. Loan Facility: Policyholders can avail a loan against the policy.

Benefits:

- - Financial Security: Ensures long-term financial security for policyholders and their families.
  - Steady Income: Provides regular income through annual survival benefits after the premium payment term.
  - Tax Benefits: Premiums paid are eligible for tax deductions under Section 80C, and the benefits received are tax-free under Section 10(10D).

LIC Jeevan Labh

LIC Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan that offers attractive features:

1. 1. Limited Premium Payment: Offers flexibility with premium payment terms of 10, 15, or 16 years.
  2. Maturity Benefit: On survival till the end of the policy term, it pays the Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
  3. Death Benefit: In case of death during the policy term, it provides a lump sum payment to the nominee.
  4. Loan Facility: Provides a loan against the policy to meet financial emergencies.

Benefits:

- - Flexible Payments: Offers limited premium payment options, making it suitable for various financial plans.
  - High Returns: Combines protection and savings with the potential for substantial returns through bonuses.
  - Tax Benefits: Eligible for tax benefits under Section 80C and 10(10D) of the Income Tax Act.

Both LIC Jeevan Umang and LIC Jeevan Labh cater to different financial needs, providing comprehensive coverage, savings, and regular income benefits, ensuring financial security for the policyholder and their families.

Frequently asked questions on buy lic new policy:

1. Can I pay my LIC premium using a credit card?

Yes, you can pay your LIC premium using a credit card. LIC’s online portal supports credit card payments, ensuring a secure and convenient transaction process.

2. Is it safe to buy LIC policies online?

Yes, it is safe to buy LIC policies online. LIC’s online portal is equipped with advanced security features to protect your personal and financial information.

3. What documents are required to buy an LIC policy online?

The documents required to buy an LIC policy online typically include identity proof, address proof, age proof, and medical reports (if required).

4. How can I check the status of my LIC policy?

You can check the status of your LIC policy online through the LIC website or mobile app by logging in with your policy number and other required details.

5. Can NRIs buy LIC policies online?

Yes, non-resident Indians (NRIs) can buy LIC policies online. LIC offers specific plans tailored for NRIs, and the process is similar to that for residents.

6. Are the premiums paid for LIC policies eligible for tax deductions?

Yes, the premiums paid for LIC policies are eligible for tax deductions under Section 80C of the Income Tax Act. The maturity benefits and death claims are also tax-free under Section 10(10D).

7. Can I avail a loan against my LIC policy?

Yes, many LIC policies offer a loan facility against the policy. The loan amount and terms depend on the type of policy and the premium paid.

8. What is the claim process for LIC policies bought online?

The claim process for LIC policies bought online is similar to that for policies bought offline. You need to submit the required documents to the nearest LIC branch or through the online portal.

Buying LIC insurance policies online by calling 9480240513, convenient, secure, and efficient way to secure your financial future. With multiple payment options, including credit card and UPI, the process is hassle-free. LIC’s new policies for guaranteed returns and life cover offer a reliable investment option, providing financial security to you and your family.

Whether you are looking for life insurance, investment options, or tax savings, LIC has a policy that meets your needs. For personalized advice and support, you can always contact an experienced LIC agent.

Buy LIC Insurance Policies Online and

pay by Credit card or UPI, call, 9480240513

Term Plan with Mutual Funds (SIP)

admin — Thu, 20 Jun 2024 13:27:19 +0000

Term Plan with Mutual Funds (SIP)

The Best Combination: Term Plan with Mutual Funds SIP

A pure-term plan costs less than a regular endowment type of plan. Combining a term insurance plan with mutual funds is an effective strategy for achieving comprehensive financial security and growth. A term insurance plan, such as LIC Jeevan Amar, provides essential life cover, ensuring that your family is financially protected in the event of your untimely demise. It offers high coverage at low premiums, focusing purely on risk protection without any savings or investment components.

On the other hand, mutual funds offer an excellent avenue for investment, enabling you to grow your wealth over time. They pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities, managed by professional fund managers. This diversification helps in mitigating risks and achieving better returns compared to individual stock investments.

By combining a term plan with mutual funds, you can secure your family’s future through life insurance while simultaneously building a robust financial corpus for long-term goals such as retirement, children’s education, or purchasing a home. This combination ensures that you are protected against life’s uncertainties while still participating in the market’s growth potential. It provides a balanced approach to financial planning, blending the safety of insurance with the wealth-building capability of investments.

Types of Term Plan

Under the Term plans, there are four premium modes available, which are:

Regular premium
limited premium
single premium and
Returns of Premium (ROP) at the end of the policy term.

To Start Term plan with Mutual Funds SIP, call 9480240513

LIC of India Popular Plans in 2024

admin — Tue, 18 Jun 2024 06:11:00 +0000

LIC of India Popular Plans in 2024: LIC Buy New policy

The Life Insurance Corporation of India (LIC) has long been a cornerstone of financial security for millions of Indians. Offering a variety of insurance and investment products, LIC caters to diverse needs ranging from life insurance to retirement planning. Here, we explore some of LIC’s most popular plans in 2024, including Jeevan Labh, Jeevan Umang, Jeevan Akshay VII, and Jeevan Shanti, and address common FAQs about purchasing LIC life insurance plans.

1. LIC Jeevan Labh

Overview: LIC Jeevan Labh is a non-linked, limited premium paying, endowment plan that combines savings and protection. It is designed to provide financial support to the family in case of the unfortunate death of the policyholder at any time before maturity, and a lump sum amount at the time of maturity for the surviving policyholder.

Key Features:

Policy Term: 16, 21, and 25 years.
Premium Paying Term: 10, 15, and 16 years, respectively.
Sum Assured: Minimum of ₹2,00,000 with no upper limit.
Bonus: Participates in the corporation’s profit by way of simple reversionary bonuses.
Maturity Benefit: Sum Assured + Bonuses.
Death Benefit: Sum Assured on Death + Bonuses.

Benefits:

Death Benefit: The sum assured on death is 10 times the annualized premium or 105% of all premiums paid, whichever is higher.
Loan Facility: Available after the payment of premiums for three full years.
Tax Benefits: Premiums paid, and the benefits received qualify for tax benefits under Section 80C and Section 10(10D) of the Income Tax Act.

2. LIC Jeevan Umang

Overview: LIC Jeevan Umang is a whole life insurance plan providing coverage up to 100 years of age. It is a combination of income and protection to fulfill the policyholder’s long-term and short-term needs.

Key Features:

Policy Term: 100 years minus the entry age of the policyholder.
Premium Paying Term: 15, 20, 25, and 30 years.
Sum Assured: Minimum of ₹2,00,000 with no upper limit.
Annual Survival Benefit: 8% of the Basic Sum Assured from the end of the premium payment term till maturity.
Maturity Benefit: Sum Assured + Bonuses.

Benefits:

Death Benefit: Sum Assured on Death + Bonuses.
Survival Benefits: Annual payouts after the premium payment term until maturity.
Loan Facility: Available after paying premiums for three years.
Tax Benefits: Applicable under Sections 80C and 10(10D).

3. LIC Jeevan Akshay VII

Overview: LIC Jeevan Akshay VII is an immediate annuity plan that offers policyholders the flexibility to choose from ten different annuity options. This single premium payment plan starts offering payouts immediately after the purchase.

Key Features:

Annuity Options: Ten different options, including immediate annuity for life, joint-life last survivor annuity, etc.
Purchase Price: Minimum ₹1,00,000 for online sales, with no upper limit.
Payout Modes: Monthly, quarterly, half-yearly, or yearly.
Lifetime Annuity: Guaranteed annuity payouts for the lifetime of the annuitant.

Benefits:

Regular Income: Assured income for life, addressing post-retirement needs.
Joint Life Options: Provides for the spouse after the annuitant’s death.
Return of Purchase Price: Options available for return of purchase price on death.

4. LIC Jeevan Shanti

Overview: LIC Jeevan Shanti is a single premium, deferred annuity plan, offering policyholders the option to receive a guaranteed pension either immediately or after a chosen deferment period.

Key Features:

Single Premium: One-time premium payment.
Annuity Options: Deferred annuity for single life, joint life, etc.
Deferment Period: 1 to 20 years.
Guaranteed Payouts: Fixed and guaranteed annuity payouts.

Benefits:

Flexible Payouts: Choose the deferment period and annuity options based on financial needs.
Financial Security: Ensures a steady income post-retirement.
Joint Life Options: Provides for a spouse in case of the annuitant’s demise.

Frequently Asked Questions (FAQs)

Q1: How do I choose the right LIC plan for me?

A1: Assess your financial goals, risk appetite, and the coverage period you need. Endowment plans like Jeevan Lab hare good for those looking for a combination of savings and protection, while whole life plans like Jeevan Umang offer long-term security. For immediate and guaranteed income post-retirement, annuity plans like Jeevan Akshay VII and Jeevan Shanti are suitable.

Q2: Can I purchase LIC policies online?

A2: Yes, LIC offers many of its plans online. You can visit the official LIC website or use authorized LIC agents’ portals to buy policies. Online purchases can be more convenient and sometimes come with discounts on the premium.

Q3: What are the tax benefits of LIC policies?

A3: Premiums paid towards LIC policies qualify for deductions under Section 80C of the Income Tax Act, up to ₹1,50,000 per annum. The maturity proceeds and death benefits are also tax-free under Section 10(10D), subject to terms and conditions.

Q4: Can I take a loan against my LIC policy?

A4: Yes, most LIC policies offer a loan facility. Typically, loans are available after the policy acquires a surrender value, which is usually after the payment of premiums for three years.

Q5: What happens if I miss a premium payment?

A5: LIC policies come with a grace period, typically 30 days for yearly, half-yearly, and quarterly premiums, and 15 days for monthly premiums. If you fail to pay within this period, the policy may lapse, but it can usually be revived within a specified period by paying the overdue premiums with interest.

Q6: How do I check the status of my LIC policy?

A6: You can check your policy status online through the LIC e-services portal by registering your policy. Additionally, you can contact your LIC agent or visit the nearest LIC branch.

Q7: Are LIC plans customizable?

A7: LIC offers some flexibility in its plans, such as choosing the sum assured, premium paying term, and policy term. Riders for additional coverage, such as accidental death and disability benefits, are also available for many plans.

LIC of India offers a broad range of insurance plans to cater to the diverse needs of individuals. From the savings and protection combination of Jeevan Labh, the whole life coverage of Jeevan Umang, to the retirement-focused annuity plans Jeevan Akshay VII and Jeevan Shanti, each plan has distinct features designed to provide financial security and peace of mind. By understanding these plans and their benefits, policyholders can make informed decisions that align with their financial goals and requirements.

Call Shivakumar A at 948024013 to buy LIC Plans