Life is Precious !!!. Review on LIC Life Insurance

Life is Precious !!

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If I am earningfor my family and get sufficient for daily bread and butter and even more for my housing, car etc., do you feel it is fine to stop here. I am listening someone say, ''Yes''. Oh no, it's not perfectly alright to say so and forget provisions for future. It is our primary duty to provide for better future of our family. Then one may think of investments in stocks/shares or FDRs like paper security. However, stocks/shares market is surely uncertain and the value of FDRs is highly reducing day by day with low interest rates. There is one more option and it is quite essential to provide for future i.e. getting Life Insurance Policy. Life is precious !! Ys. definitely.

Everyone is aware of the insecurity or rather can be termed as uncertainty of lives, we all face with fast world. It makes role of insurance cover is compulsory to take care of our near and dear ones. Are you thinking that I am LIC agent? No, I am concerned with your family's future well-being. Apart from getting monetary benefits with money back or pension like schemes our life gets secured against accidents or serious ailments too. So, what's more we wish? If nothing happens, well and good, we are lucky.

These days, we are witnessing many changes taken place in the Indian insurance. Previously, insurance was synonym for Life Insurance Corporation of India (LIC). That is not the case now. Picture has changed tremendously as we have many options of availing private sector insurance services.

To name a few, ICICI Prudential, Birla Sun Life, HDFC, Max New York, SBI Life, Tata AIG, Allianz Bajaj, Om Kotak, ING Vysya, Met Life, Aviva. The private sector service providers are quite aggressive as they have adopted pretty good marketing strategies. Choice is yours after searching for right one for your specific needs. Just visit any Development Manager, LIC agent or PRO or site available if any to get more info. The reason I wrote under this heading is I am more on side of LIC of India.

I am aware of some schemes of LIC of India viz. Komal Jeevan (for small kids to provide for their education at every stage), money back for getting money at specified yrs, Endowment for getting money directly at the end of the period with bonus, Jeevan Anand which is newly introduced, Jeevan Suraksha for getting straight deduction of the yearly instalment from Total Income and get tax concession, Aashadeep covering four serious ailments.

I chose initially endowment and money back policies at my early age of service then opted for Jeevan Suraksha for tax purpose and pension too and I have to agree that I missed Komal Jeevan like pretty nice policy for my kids to provide for their education that time. However, now my kids are grown up to make choice of their own. So, why think much? Think only what policy is suitable to prefer and with whom to deal.

Life is Precious !! Any comment ?

© Mrs.Medha.