WHY INSURANCE POLICY

Why insurance policy?

• The aim of insurance policy is to insure and secure the life of policy holder and their family. If any risk happen policy holder's family can utilize  the claim amount for their expenditure.

• You can save the amount automatically when you take insurance policy. After the maturity period you can get the amount what you paid as premium, maturity value plus interest. So your money is saved in LIC OF INDIA. So saving the amount and insurance also covered.

• You can invest the maturity amount after the maturity period for house purchase, marriage of your sons,daughters and etc...

• You can take loan also in the middle of your policy period for some purposes. So no need to worry for money. You can take loan from LIC OF INDIA.

• You invested money as premium for monthly or quarterly. If you paid continuously for 15 or 20 years, your money will be more in LIC OF INDIA. So naturally you can get bulk amount after the maturity period. This money will be helpful to you. Insurance also covered.

• Child education insurance policy, marriage policy, pension policy, money back policy, medical expenditure policy, full life coverage policy are available in LIC OF INDIA.

• For IT (Income Tax) purpose you can invest money in LIC OF INDIA. Per year up to 1 lakh income tax relief is there. Tax free up to 1 lakh per year according to the income tax act.

• We took policy for 15 years period. But we paid premium for 1 or 2 year only. If any risk happen to us even if we paid for 1 or 2 years only, actual claim amount will be given to your family. They can use this amount for their child education, marriage of their sons or daughters. 

For any type of help related to insurance policy (A to Z), contact our Development officer or Contact us.