Life Insurance Corporation of India (LIC) Best Life Insurance Plans

LIC life insurance plans have ample of values when it comes to the monetary benefits upon the accidental death or major health injuries to the beneficiary and many other factors related to life and other commodities. today life insurance corporations of media have brought numerous types of life insurance plans for the consumers including

1. term life insurance
2. whole life policy
3. endowment plans
4. unit linked insurance plans
5. money back policies and much more.

in earlier days a consumers had to go through the problematic conditions to acquire an LIC life insurance policy quotes and the market productivity was also low according to the facilities nowadays it is an easier task to avail the quotes with the online technology and the information related to different plans and premiums which have not only boost the insurance market but many people are well-informed about the policies.

the term life insurance plan is the best insurance plans in India which most of the people have bought it is the cheapest and the most applicable plans which cover the whole family life of their own choosing. For example, if 20 years old non-smoking male or/female pay 3000 a year for a whole life policy it will cover the 300000 per years at the same time the policy may cover 1500(INR) per years also.

However, the most of the plan the insurers have to undergo through the basic physical examination recommended by the various life insurance companies which sometimes includes the (blood test) etc. The terms can carry much duration of times that can be for 7 years 10 years which can carry the premium from the beginning to the end of the terms.

The whole life insurance offers the flexibility in terms of monthly premiums and the investment choices, these types of policy but is distinct from the terms insurance plans because the benefits are paid only on the completions of the terms, not on the sudden circumstances of the insurers.

endowment plans is a lump sum plan of the LIC plans the policies are greatly applicable to the big industries and business, the plans pay the lump sum amount after the maturity or on the death of the insurer the terms of the insurance would be more than ten years and not lesser than twenty years while some policies pay during the illness also.

unit-linked insurance plans not only ensure the life of the insurer but it offers the investment flexibility the value of the invested funds fluctuates according to the market values the plan is the combination of both financial stability and the flexibility to the insurers.

Money back plan is typically designed to ensure the commodities that the promised by the seller and the service providers to refund the money paid if the sold goods and the items unsatisfactory and-and different then it was guaranteed.

Life insurance products are the are the products that provide the protection from the investment and the premium may be higher or can be lower according to the companies relevant to it is the best purchase after reading the documentation properly that creates the future and wealth.