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| Banksloanonline » Policy » Life Insurance Policy » LIC Policies in India |
LIC Policies in India |
| Life Insurance is generally viewed as a contract between the insured (person insuring his life) and the insurer (company which has insured the life of the insurer). There are a number of life insurance policies available in the market that a customer could choose from, depending on his priorities and preferences. |
Every life insurance policy is fitted with a few dynamic features like:
Nature of policy - Depending on the preferences and planning, one could choose from hundreds of life insurance policies available in the market. The various life insurance policies take care of the distinct characters and kinds, like risk involved, sum assured etc
Premium - Determined by factors like income and feasibility with which the premiums could be paid at regular intervals, throughout the tenure of the policy
Benefits - Tax exemptions, financial security, economic movements
Coverage - Risk of loss due to death
Life Insurance policies in India are made available to the customers by a number of insurance companies. Life Insurance Corporation of India is one of the premier organizations dealing in the same, within the country. The various LIC policies in India that the customer can choose from are:
- Term Policies - Bima Sandesh Policy, Convertible Term Assurance Policy
- Joint life policies - Jeevan Saathi Policy
- Endowment policies - A host of policies including the Bima Kiran Policy, Bima Nivesh Policy, Jeevan Mitra and New Janaraksha Policy
- Whole life policies - Single Premium Policy, Whole life with profits policy etc
- Money Back Policies - Jeevan Surabhi (15, 20 and 25 years), Jeevan Sanchaya (plan no. 123 - 125)
- Group insurance policies - Jeevan Bima Yojana, Group Super Annuation policy etc
Besides the above mentioned, one could also choose from the below mention LIC policies in India:
- Loan cover term assurance policies
- Pension plans
- Annuities
- Unit linked insurance plans
The top Indian Insurance companies have been listed below for your perusal:
- Life Insurance Corporation of India
- SBI Life Insurance
- ICICI Prudential
- Aviva Life Insurance
- Bajaj Allianz
- Metlife India Insurance
- ING Vysya
- HDFC Standard Life Insurance
- Reliance Life Insurance
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