Hi All.!!!!
Sorry Took a long Time to write This ...Basically Insurance Plans are Two types 1.Pure Endowment 2.Term assurance Plans . Pure Endowment Plan is a plan where the insured should be alive at the end of the term ,then only money goes to him ,If he is dead Money is not given Back.
Sorry Took a long Time to write This ...Basically Insurance Plans are Two types 1.Pure Endowment 2.Term assurance Plans . Pure Endowment Plan is a plan where the insured should be alive at the end of the term ,then only money goes to him ,If he is dead Money is not given Back.
I think the Picture would have given the Better Picture about the policy .Another scheme is pure term assurance in which the policyholder guards against death .In this ,The Money is given at event if death in the policy term ,if he survives in the end of the policy term ,money is not given back .
My Trainer always says if show shomething Visually it gets in to the mi9nd easily rather telling someone . All the Insurance Policies in LIC is the combination of the both of these plans .The Different Types of Plans LIC are
1.Children Plans
2.Pension Plans
3.Endowment Plans
4.Health Plans
5.Term Assurance Plans
6.Whole Life Plans
All Plans are Very good Plans ,saying this not because i am working there but because all the other aspects related to LIC of India and the money invest in LIC directly goes to Nation building process of India .When u take a policy with LIC ,you are not only securing your family but also you are involved in the process of nation building .Makes you Proud is-int .thinking of taking of policy ,how to take a policy only way to take policy is through Agents .What is there for the Agents ,you might have seen Agents collecting premium from policy holder .So why he does that ?? We will see that in Next Post .
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