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Life Insurance Companies; LIC; LIC Pension Plans; LIC has been in existence for more than 60 years after having been established in September 1956. The company, which was earlier the only life insurance provider in India, has maintained its status of a market leader. It has the largest market capitalization and enjoys the largest customer base too. LIC offers a range of life insurance plans to.
The purchase price will be returned on the death of last survivor.. The maximum entry age has been reduced to 50 years from 65 years and the policy term under this plan is now 15 years (minimum) - 35 years (maximum). 5. LIC Jeevan Saral. Categorized under Special Plans, LIC Jeevan Saral is, in fact, an endowment policy with a lot of flexibilities that is usually available only with unit.
LIC Mutual Fund Unit Linked Insurance Scheme - 10 Years Single Premium - Direct Plan - Dividend Reinvestment is an open-ended scheme that not only offers tax benefits to the investors but also provides personal accidental cover along with life insurance cover to the unitholder. This scheme is best suited for investors who are looking for capital appreciation in the long run along with tax.
For employees with at least 20 years’ service and no previous award in the last 10 years, you must: report the amount on form P11D pay Class 1A National Insurance on the value of the award over.
LIC Jeevan Tarun has a limited pay option and is a participating endowment plan. This plan given returns when the child turns 18 years. It has been designed to meet the children’s future educational needs with an insurance cover in the case of the children’s untimely demise.
Since, last 10 years I am associated with Lakhe Insurance Group. My experience with them has been extremely rewarding. Mr. Sanjay Lakhe is an excellent financial advisor. He always takes keen interest to understand the customer’s needs and provide concise and need based advice. He is always available for any insurance related clarification.
After a gap of two years, Life Insurance Corporation of India (LIC) has raised bonus by up to 15 per cent for 2010-11.The country’s largest life insurer, which reported a 10.3 per cent rise in net actuarial surplus at Rs 22,716 crore for 2010-11, compared to Rs 20,586 crore in the previous year, allocated Rs 21,580 crore for paying annual bonus to policyholders.