Stagnant growth in the economy and the falling rupee have made it difficult for people to plan their finances. The best way to plan your financial future is to invest in an insurance plan that will ensure your family’s security.
Jyotishandilya Insurance offers insurance products with high returns and great protection to help you reach your financial goals.
Life insurance is a form of financial planning that helps protect your family if something happens to you. It’s an insurance contract purchased by the policyholder that pays out a pre-determined amount upon death or diagnosis of certain illnesses, such as cancer.
There are multiple types of life insurance policies, each with its own purpose and coverage. The usual purpose of buying life insurance is to provide for your loved ones in the event that you pass away.
It also has an investment component, which can be used as an estate planning tool or as a way to pay for final expenses. It’s important to understand what life insurance is and how it works before making a decision to purchase one.
Importance of Life Insurance
You’re an educated consumer, and you know that life insurance can be a smart financial decision. Use this guide to learn the most important considerations when choosing life insurance, whether you’re starting a new policy or looking for ways to save on your current coverage.
The importance of life insurance is often underestimated by most people. But when you look at the real statistics, it becomes clear that life insurance is vital for everyone. In fact, it’s one of the biggest expenditures that every family undertakes in their lifetime.
CEO – Jyoti Shandilya
When you have a life insurance policy in place, your family is protected from any financial burden that would occur due to your death. Life insurance is an important part of any financial plan, whether you’re a single person or a family with children. Life insurance helps replace the income that would have been lost when the primary wage earner dies. It also helps ensure that the surviving spouse and children are financially secure.
The life insurance industry is extremely diverse, and there are many different types of life insurance policies to choose from. There’s term life insurance, which is typically very affordable, or permanent life insurance, which can be much more expensive but has tax advantages and doesn’t require a medical exam.
Types of Life Insurance Plans
Life insurance is one of the most important products that everyone needs. There are 3 basic types of life insurance policies: Whole Life Insurance Plans, Endowment Life Insurance Plans, and Term Life Insurance Plans. Let’s look at each one of them in detail and understand what they mean.
Whole Life Insurance- Whole life insurance is the most basic form of life insurance policy where the policyholder pays a fixed premium each year for a fixed term. At the end of the term, the policyholder gets back the sum assured. If the insured person dies he/she gets the sum assured plus benefits at that time.
Term Life Insurance: Term insurance plans have low annual premiums but they don’t provide any money back or sum assured. The insured amount is given only on the death of the insured person.
Endowment Plans: Endowment plans are designed to give a lump sum amount after the plan is matured at the end of its term or at the death of the policyholder.
What is the Life Insurance Corporation of India?
LIC or Life Insurance Corporation of India is a govt owned insurance company in India. It was founded on September 26, 1956, by the Parliament of India to make basic life insurance available to the common man. The corporation has its headquarters in Mumbai, Maharashtra.
It operates through a network of over 1,400 branches and 6,100 agents across India and overseas branches in Dubai and London. LIC offers products like savings, pension, health insurance, and general insurance policies including motor vehicle insurance and medical insurance policies.
Different Insurance Plns available at Life Insurance Corporation Of India
1. LIC’s Bima Jyoti
2. LIC’s Bachat Plus
3. LIC’s New Endowment Plan
4. LIC’s New Jeevan Anand
5. LIC’s Single Premium Endowment Plan
6. LIC’s Jeevan Lakshya
7. LIC’s Jeevan Labh
8. LIC’s Aadhaar Stambh
9. LIC’s Aadhaar Shila
10. LICs Jeevan Umang
11. LIC’s Dhan Rekha
12. LIC’s New Bima Bachat
13. LICs Jeevan Umang
14. LIC’s Jeevan Tarun
15. LIC’s Jeevan Shiromani
16. LIC’s Bima Shree
17. LIC’s TECH TERM
18. LIC’s Jeevan Amar
19. LIC’s Saral Jeevan Bima
20. LIC’s Linked Accidental Death Benefit Rider
21. LIC’s Accidental Death and Disability Benefit Rider
22. LIC’s Accident Benefit Rider
23. LIC’s Premium Waiver Benefit Rider
24. LIC’s New Critical Illness Benefit Rider
25. LIC’s NEW TERM ASSURANCE RIDER
Jyotirani Life Insurance Agency
If you are looking for a way to protect your family and family members then Jyotirani Life insurance agency can help. Jyotishandilya Life Insurance Agency offers the best financial advice. We also help clients with debt reduction, tax planning, and retirement planning. We can even help you start planning now so that you’re ready when it comes time to retire!
Jyotishandilya Life Insurance Agency provides reliable and affordable life insurance plans backed by the leading insurance companies in India.
If this sounds like something that would benefit you, then we would love to talk about how we can help! Contact us today for a free consultation where we’ll go over your current situation and determine what the best options are for your needs. It’s quick, easy and there’s no obligation at all!
If you’re looking for a life insurance agency that is reliable, offers great customer service, and provides affordable rates, we’d love to hear from you. Please leave a comment below if there’s anything else we can do for you today!
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