Q:In the present scenario, to most people, selecting the right brand of insurance is a complex puzzle. The key to the puzzle is : LIC. The Hall mark of LIC, being: Trust, Tradition & Transparency. Insurance is the ultimate in savings for any individual or his loved ones.
Under 80c, the main tax saving option is Life Insurance. Investment in insurance, has twin objectives, one, it ensures savings with risk cover and the other, reduces one’s tax liability
A few LIC Insurance Plans with distinctive features:
Money Back Plans – A portion of Sum Assured is paid as a percentage in every 5 years.
Whole life+End.Assurance Plan – Jeevan Anand - Even after the premium paying term, risk cover continues till death of the Policy Holder.
Jeevan Saral- In this Plan, one has to choose the premium he wants to pay, based on which sum assured is determined. Death Benefit=250 times monthly premium+ return of premiums paid ecluding first year premiums & extras. Accidental Dealth=5
