A majority of Indians, when they think about getting life insurance, trust LIC. Thanks to its existence of more than 50 years, Life Insurance Corporation of India enjoys an unmatched domination in India over soliciting and selling life insurance. Though many other players have entered the market in the recent years, the name of Life Insurance Corporation of India still holds tremendous respect in the public mind. No wonder that the name has become synonymous with life insurance. If you too are thinking about getting a life cover, you can check various plans offered by this company.
In case you want your life insurance policy to offer coverage for your whole life and also provide endowment assurance, you can check LIC Jeevan Anand policy. The policy holder gets death cover throughout his/her lifetime, and receives the lump sum once the selected term ends provided he/she is alive. People seeking great maturity benefits along with lifetime risk cover have a lot to look forward to by choosing this policy. This policy shares the profit of life insurance business, which is distributed as bonus on every thousand of sum that’s assured annually. In case the policy holder suffers an accidental death, double benefits are provided without any additional charges. When it comes to maturity benefits, the sum assured along with the vested bonus is payable. Though LIC declares vested bonus each year, the amount is provided at the conclusion of the selected term or in case of death, during the selected term.
If you thought that Life Insurance Corporation of India is only about insurance, think again. LIC housing finance, established on 19th June 1989, has given new hope to potential home owners. The main objective of this company is to provide long term finance to persons for purchase / construction / renovation and repair of new / existing houses / flats. You can also get loans for your existing property for personal / business needs. Professionals can apply for loans to purchase / construct nursing homes / clinics / diagnostic centers / office spaces and also get finance for purchasing equipments.
Young executives, NRIs, pensioners – people belonging to different strata of society have benefitted from the finance options offered by this company, which boasts of one of the industry’s most widespread marketing network in India.
So, the next time you think about getting life insurance or applying for loans to purchase your dream home, think about the name that most Indians have trusted for years and still do.
Stay tuned to BellTheBull for more news on Life Insurance Corporation of India (LIC) !Google+