What Are The Key Advantages Of Choosing LIC Policy?

What Are The Key Advantages Of Choosing LIC Policy?

April 22, 2019

In the present time, there is a huge demand for good insurance and a trustworthy company that is well involved in serving seekers with great future survival benefits. One of the most commonly accepted whole life insurance plan offered by the life insurance corporation of India.


Insurance- Gives peace of mind


At the present scenario availing the insurance is well applicable for all. It is well said that insurance leads to serve the customers financial support and also it reduces uncertainties in human life. Many business holders are also seeking for good business insurance policies in the competitive world.


Many people are always seeking for some trusty based insurance service provider like LIC. They are well offering the best money back policy in LIC. It is basically a non- linked participating insurance policy that covers the whole protection against the death of the person. Apart from this in addition to some specific period of time, the policyholder can pick the plan term accordingly.


Within the selected periodic plan term period the policy allows to grant the permission to get 20 % of the sum assured is well paid as the survival benefits at the different level of the term like 5 years, 10 years and 15 years.


What are the highlights points of LIC Money Back Policy?


Many insurance holders appreciated the LIC new Money back policy as it covers good attractive features and benefits for the people. The rising demand for LIC policy plans for money back as well increasing in these days and the benefits are well paid on the different periodic term and apart from that it also leads the simple reversionary bonus facility is also associated with this policy.


The Role of Insurance Policy


Whether it is business or human life, there is a fear of loss. Having a good protective life or availing the insurance policy from the good insurance services provider. It helps to protect the life of the person their riders effectively. Many of the insurance policies are always leading to play certain roles in a person’s life as serving financial support.


Some of the most eligibility conditions that require availing it:


For the policy minimum, basic sum assured: Rs. 100,000
Age limit: 13 years
Maximum Age is: 50 years
Maximum Maturity Age for Life Assured is 70 years
Insurance term: 20 years
Premium paying term: 15 years


With the help of insurance policy, many people are getting accidental death and disability benefits also. Under the new insurance policy, the customer is also eligible to avail the required loan facility efficiently under the money back policy by LIC.