Vinay

Insurance VS Mutual Funds Insurance and Mutual fund are both different financial instruments. Both have different importances. People are often confused between Insurance and Mutual fund and always try to compare Insurance VS Mutual Funds. Insurance here refered for the term life insurance. Mutual fund is a financial instrument by…

Introduction : In view of the demand from various offices it has been decided to modify LIC’s Jeevan Akshay – VI plan. The modifications are as under: • The plan shall also be sold online in addition to other existing distribution channels. • Annuity option- “Joint-life and 100% of annuity…

LIC’S JEEVAN VAIBHAV (PLAN No. 809) Download JEEVAN VAIBHAV presentation & JEEVAN VAIBHAV PREMIUM CALCULATOR at the bottom of this page LIC’S JEEVAN VAIBHAV (Plan No.809) is also a close ended plan guaranteed return which would be open for sale from 21st May, 2012 for a maximum period of 120…

LIC is the biggest Life Insurance Company in India. As per the current figures more than 14,00,000 people are associated with LIC as an agent ( or advisor).  People from well known families have joined LIC as an advisor. Ritu Nanda ( D/O Raj Kapur), Ragini Yadav (D/O Lalu Yadav),…

It is Technical difficult to combine regular yearly bonus with the flexibility built in LIC JEEVAN SARAL. So the concept of Loyalty Addition has been introduced instead of the regular bonus. There is lot of myth about Loyalty Addition that going by the experience of recent years, that amount given…

Table no 165 Jeevan Saral : With Profit Plan Winner of Golden Peacock Award A Unique plan-probably first of its kind. A conventional plan but has good features of unit linked products but it is not ULIP. It is easier to understand and provides many benefits to lic policyholder. A…

There are more than 22 life insurance companies operating in India, but while buying life insurance why should one prefer LIC over others, there are numerous reasons but 26 strong reasons are listed below. Rank of LIC a) LIC is No.1 insurer in the world in Volume & Sold around…

Every one wants to live a happy life, now and in future as well. In today’s world, to live happily one needs funds. Now as you are earning there is no need to worry as you have sufficient funds to fulfill all your requirements but what about future? Will you…

Country’s largest insurer Life Insurance Corporation of India (LIC) has paid  Rs 1,137.95 Cr to the Government of India as dividend for 2010-11. The dividend cheque was handed over by LIC current-in- charge Chairman D K Mehrotra to the Finance Minister Pranab Mukherjee yesterday, the state-owned insurer said in a statement today. LIC had declared…

Govt. Of India had to implement DTC ( Direct Tax code ) in the Financial Year 2012-13 but it could not do that as it has to put an extra burden of Rs 4 lac crores on the govt. but still our finance minister Mr. Pranab Mukherjee tried to give…

LIC JEEVAN VRIDDHI is a very nice plan and you can pay any premium you want above Rs 30,000/- but there are some loading on it in the form of service tax which you have to pay. To know the total premium amount (inclusive of service tax) and Maturity of…

LIC JEEVAN VRIDDHI ( A Non ULIP, Single Premium, Guaranteed Maturity Plan, Table no. 808) LIC OF INDIA has launched another new product LIC JEEVAN VRIDDHI. It is a single premium non-market linked plan which provides for payment of Guaranteed Maturity Sum Assured along with Loyalty Addition, on maturity. Under…

LIC OF INDIA has many plans and if they are combined well then it can be better than any other plans of any Life insurance company. One such example is combination of LIC JEEVAN TARANG with LIMITED WHOLE LIFE PLAN shows how it can be better than Max New York’s…