Life insurance Corporation of India

Life insurance is a protection in the form of coverage that is provided to various individuals or group of people. It is way of investment and a security for your family as it acts as a protection cover in case of unpleasant incidents. Not only the security or investment, it also deals with various economic or educational needs of the policy holder.

The life insurance corporation of India, a government project came up with the objective of giving out life insurance policies to the maximum people with a view of spreading information about the policy in the all the corners of the country including the rural areas. The company was founded on 1st September, 1956 with distinguished goals. And as per the growing fame and success of this company it’s obvious that the goals and objectives were well achieved.

The main purpose of the life insurance is to provide cover to the individual in affordable rates. There are many add on benefits also like tax benefits and the investment plans which make sure you are satisfied with the amount you pay. This way, it has successfully managed to establish its company and create 8 zonal offices, 109 divisional offices, 2048 branch offices, which is a great achievement in itself. Over the past 55 years, LIC has made enormous growth with good profit as well as providing security to the people as per their needs.

The life insurance corporation has a large number of policies for individuals, students, old age people, retire people, but there is a need to study the rules or conditions is each policy so as to know the exact suitable policy as per you need. So it’s necessary that you go and buy the policy through an insurance agent, as they are professionals and can provide you better judgement about the required subject.
The different existing policies are unit linked plans, endowment policies, health plans, pension plans, joint plans, etc which are standardized as per your requirements. The best thing is to be well informed and choose the policy as per your needs and affordability.

Related LIC Plans:

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  • Jeevan Saral (Table 165) is a unique insurance cum investment plan. LIC's Jeevan Saral monthly r ...

  • Life Insurance Corporation has been a household name over the years. With the development in ins ...

11 comments

  1. Please confirm my lic market plus policy Rs.20000/- for five years instalment.When will be mature my policy and how much money to get.My instalment is complete and deposited Rs.100000/-
    So please reply me immeditely.
    Thanks and regards
    Dharmendra nath.

  2. Sreenivasa Murthy says:

    I want to know the details about the LIC policy Name: JEEVAN NISTCHAY

  3. bhagchand meena says:

    Please tell me about my policy no.186372786.what is the status of policy.

  4. kamaljit kaur says:

    please show me final payment with bonus etc. at maturity.

  5. mahesh nath pandey says:

    PLEASE LET ME KNOW HOW MUCH AND HOW WILL I GET MY MATURED POLICY NO.555094534 ?

  6. dinanath says:

    kindly send me the detailed pan,JEEVAN VRIDHI single premeum, plan specially regarding income tax bebefit at the time of enterence and at maturity.

    regards

  7. Amrik Singh says:

    I was told by one of my friend that there is a term plan where you can pay everyday Rs 67/- and you are ensured for one crore.

    Please let me correct version

    Regards

    Amrik

  8. jeevansingh says:

    jivan saral is the best plan.but i intrested in jevan vradhi. pleas know me

  9. santosh chhetri says:

    my pl no 456012544 as on 28/06/2011 please send the details.

    regards.

    santosh

  10. D. SANKARANARAYANAN says:

    My money back policy bearing no 110123675 is attaining maturity during March 2013. Presently i am working in abroad and will return back after 2 years. I would like to seek your opinion on whether can i claim the maturity after 2 years or is there any option of extending the policy for further 5 years.
    kindly advise.

  11. K K chauhan says:

    i have know about policy of 2 months baby

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