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Gift Your Child Bright Future

The LIC of India has been in the insurance market for the last six decades and has shown a consistent performance record.  Gift Your Child Bright Future has grown along with the growth in the market. Earlier, people depended on the LIC agents for their premium payments, etc. The younger generation is interested in buying these insurance policies but they inclined towards the online services offered by LIC. You can visit LIC’s portal www.licindia.com and see all the information related to LIC policies and schemes. As a registered user you can make LIC of India policy status inquiry, pay premium online, etc.

Securing a child’s future is every parent’s responsibility whether it is his/her education or marriage. You have to make a thorough planning before taking any decision regarding the investment plans. You right decisions might help them turn their ambition into reality. Life is uncertain, anything can happen anytime! In such an unexpected world, long-term investments are necessary these days are using the Login information process. The expenses and cost of living will keep increasing but how will you realize your child’s aspirations? An early, rightly chosen decision will make a difference if you start making investments for your child now!

 Gift Your Child Bright Future – Choose Your Option

There are two types of child plans available – traditional and unit linked plans. In the traditional insurance plan, you get a definite amount. The ULIP offers a risky return because it depends on the economy at the time of returns. However, the collected savings can be used for your child’s higher education or can be reinvested in another insurance plan.

 Gift Your Child Bright Future – Ponder a Little Before Buying

First, you should of the time when you want to buy or invest in a child insurance plan. It is a good option to invest at an early stage because you get ample time to the maturity of your investment. You have to calculate and consider the amount you might get after the plan matures. This gives you get an idea of how much you should expect in return. You should manage your finance so that you are able to pay the premiums regularly and the sum assured by the insurance company is useful.


 Gift Your Child Bright Future – Benefits

  1. Life Cover

The child plans offer you double remuneration – both savings as well as protection. In the case of an unfortunate death, the child’s future remains secure because the unpaid premiums are waivered. This is also known as a waiver or premium rider. They are various other types of riders that you can acquire for your child.

  1. Tax Exemptions

The savings in child plans are tax exempted. According to the Income Tax Act, an investment of up to Rs. 1 lakh is excused from tax in life insurance.

  1. Flexibility

Under the education plan, you have an alternative to planning your child’s education in an extensive manner. You can either choose to get a lump sum i.e. sum assured at maturity or in standard gaps of time i.e. as and when your child wants it.

  1. Loyalty Additions

According to the insurance company’s performance, it declares additional benefit as loyalty addition from time to time. It is not fixed and can differ every year. The loyalty addition is designed on the sum assured and added to the lump sum during maturity.

On top of these benefits, there are a lot of other optional benefits. As parents, you should take a clear and an intelligent decision – to get a lump sum at a time or regular funds at regular intervals. Whatever you decide it should make your child’s future bright and secure.

Gift Your Child Bright Future – About the Author

Matt Carter

He is a full-time blogger, super affiliate. He is 33 years old and lives in New Zealand with his wife and son.

What is LIC?

Hey guys!! Do you know about What is  LIC? And LIC policy details. This article will talk all about LIC. Let us havea look.

Profile of Life Insurance Corporation of India(LIC)

Life insurance Corporation of India was established on 1956 September.it is only public sector of Life Insurance Company of India.

The LIC Head Quarters is located in Mumbai, under the control of government of India. The chairman of the Life insurance Corporation of India is S K ROY.

It is leading and top most life insurance company in India and it has a huge occurrence in both urban and rural areas.

The website of LIC is www.licindia.in there are many different types of LIC Policy for customer and it has more than 200 companies in India.


Vision of LIC:

The only Vision of LIC is increasing insurance products all over the India especialy in rural areas and for economically background classes.

It also provides financial insurance which covers beside death at low premium.

Awards Achieved:

It achieved following award in 2013 – 2014 as

Under Served Marked penetration

Claims Service Company

Best Product Innovations

What is LIC NAV:

NAV (Net Asset Value) it is a value of an entity’s assets which minus drawbacks the value of its liabilities. This Nav is possible for all United Linked policies.

This LIC NAV are provided for LIC Future Plus NAV, Jeevan Plus, Bima Plus, Market Plus, Fortune Plus, LIC Market Plus-1 NAV,LIC Profit Plus NAV, LIC Money Plus NAV, wealth Plus, LIC Child Fortune Plus NAV, Jeevan Sathi Plus,  LIC Endowment Plus NAV, Pension plus, Samridhi Plus, Flexi plus, Health plus, Health protection plus.

LIC NAV plan will be shown differently for all plans. They will be providing latest LIC Net Asset Value for all the plans. You can check LIC NAV Rate and you can check LIC NAV Value using latest Life insurance Corporation of India.

So, this is all about  LIC policy details. Hope had a great time with the article and please share your experiences and suggestions with us through comments below.