LIC Aadhaar Shila (Table 844) – Review, Benefits and Eligibility

LIC’s Aadhaar Shila is a policy which offers dual benefit of protection and savings. This plan is exclusively designed for female lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. Features of this policy – (Table 844) Loan facility against this policy Paid premium exempted from Income tax u/s 80C Maturity Amount exempted from Income Tax u/s 10 (10D) Lapsed Policy can be […] READ MORE

HDFC Life Pension Guaranteed Plan – Review, Features and Benefits

Everyone wants to be financially independent and live there life to the fullest. Even after retirement one still wants to continue to live with the same lifestyle. If the retirement is not planned properly, then continuing the same lifestyle can be challenging as well as very difficult. A smart way to ensure a regular income stream post-retirement is by buying an Annuity plan. HDFC Life Pension Guaranteed Plan is a single premium annuity product that provides a regular guaranteed income for life. Let us have a closer look at this policy. Features of this policy – This policy offers a […] READ MORE

HDFC Life Cardiac Care – Review, Features and Benefits

Nowadays, we hear a lot about incidences with cardiac ailment in our surroundings. Many of us worry that if we come across such ailments then how we will manage the medical expenses. Let us keep our worries to rest because with HDFC Life Cardiac Care one can live tension free. This policy is specially designed to give financial protection to the patient as well as to his/her family members. HDFC Life Cardiac Care is a comprehensive plan aimed at providing financial protection in case you are diagnosed with a cardiac condition or are undergoing a procedure as covered under the […] READ MORE

LIC Jeevan Tarun (Table 834) – Review, Features and Benefits

LIC Jeevan Tarun is an endowment plan which aims to secure children’s future for higher education and other needs. The plan offers flexibility with regards to payment disbursement options with different percentages of pay-outs. The plan has been well customized with eligibility for bonus additions to help the fund grow and waiver of premium benefit rider to give protection for a child’s future if the proposer of the policy dies during payment paying term. Features of the policy – (Table 834) It an endowment plan which offers protection as well as saving features for children. The maturity benefit age is […] READ MORE

LIC Aadhaar Stambh (Table 843) – Review, Features and Benefits

LIC’s Aadhaar Stambh Plan offers dual benefit of protection and savings. This policy is exclusively designed for male lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This policy provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. Features of this policy – (Table 843) This plan is only for males who have Aadhaar Card. It is a low premium policy. Premium Paid is exempted from tax u/s 80C of Income Tax Act, 1961. […] READ MORE

LIC Jeevan Rekha (Table 152) – Review, Features and Benefits

LIC Jeevan Rekha is a Money-Back Whole Life plan. It provides financial protection against death throughout the lifetime with regular flow of survival benefits at five-yearly intervals. Features of this policy – One can pay the premium in one lump sum (single premium) and may choose premium paying terms such as 5, 10, 15, 20, 25 years or for life. The premium can be paid monthly, quarterly, half-yearly or yearly. Minimum and Maximum sum assured on this policy is Rs 2 lacs and No limit. Benefits of the policy – Survival Benefits – This policy offers a survival benefit of […] READ MORE

LIC Bima Diamond Plan (Table 841) – Review, Features and Benefits

LIC’s Bima Diamond plan offers dual benefits of protection and savings. In case of the unfortunate death of the policyholder, this policy will provide financial support for the family not only during the policy term but also beyond the policy term during the Extended Cover Period (equal to half of the policy term and beginning from the date of maturity). Features of this policy – (Table 841) The policy is Money Back Plan with tenure of 16, 20 & 24 years. Regular payouts are made every 4 years depending on the policy term. An additional bonus to be paid at […] READ MORE

LIC Jeevan Utkarsh (Table 846) – Review, Features and Benefits

LIC’s Jeevan Utkarsh is a non-linked, close-ended single premium, with profit- life insurance plan. It offers a combination of protection and savings wherein the risk cover is ten times of Tabular Single premium. The policyholder will have an option to choose the Basic Sum Assured. The single premium payable shall depend on the chosen Basic Sum Assured and age at the entry of the policyholder. Features of this policy – (Table 846) Single-Premium Endowment Plan with a fixed tenure of 12 years Loyalty Additions to be paid on maturity of the policy. The loan facility is available against this policy. […] READ MORE

LIC Limited Premium Endowment (Table 830) – Review, Features and Benefits

LIC’s Limited Premium Endowment Plan is an endowment plan with a limited premium facility. This plan offers a dual benefit of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity. A lump sum amount is given to the policyholder who survives till the end of the maturity period. Features of this policy – (Table 830) It is an endowment plan with a limited premium facility. The loan facility is available against this policy. Rider Benefit is available on additional premium. On the death of the policyholder, […] READ MORE

LIC Jeevan Rakshak (Table 827) – Review, Features and Benefits

LIC’s Jeevan Rakshak Plan is a simple endowment plan which offers a dual benefit of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity. If the policyholder survives till the end of the maturity period, then the policyholder will get a lump sum amount at the time of maturity. Features of this policy – (Table 827) It is an endowment plan which offers the dual benefit of protection and savings. Maturity Benefit is paid to the policyholder if the policyholder survives till the end of the […] READ MORE

 

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