1. Term Policy - In this case policy holder receives money only in case of death of the policy holder after certain period of time.
LIC Term Policies are:
1. Anmol Jeevan II
2. Amulya Jeevan II
2. Endowment Policy - Its a Combination of Protection and Savings whereby the lump sum amount will be paid either in the event of death/permanent disability of the insured or on the date of expiry of the policy period, whichever occurs earlier and the policy will terminate.
LIC Endowment Policies are:
1. New Endowment Plan
3. Whole Life Policy - Its a Combination of Endowment Policy with Whole Life Cover, whereby the lump sum amount will be paid either in the event of death/permanent disability of the insured or on the date of expiry of the policy period, whichever occurs earlier and policy will not close and still continue for rest of the life, without paying any premiums.
LIC Whole Life Policies :
1. New Jeevan Anand
4. Money Back Policy - Its an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. In case of death during the policy term, the beneficiary gets the full sum assured.
In
case of death during the policy term, the beneficiary gets the full sum
assured. - See more at:
http://insurance.kotak.com/insurance-guide/type-of-insurance.php#sthash.QZacNbfo.dpuf
LIC Money Back Policies :
1. New Money Back - 20 Years
2. New Money Back - 25 Years
5. Single Premium Policy - In this policies amount to paid is only once and which offers financial security and assurance to the policy holder and his family along with protection against death.
In
case of death during the policy term, the beneficiary gets the full sum
assured. - See more at:
http://insurance.kotak.com/insurance-guide/type-of-insurance.php#sthash.QZacNbfo.dpuf
LIC Single Premium Policies :
1. New Bima Bachat Plan
2. Single Premium Endowment Plan
6. Pension / Annuity Policy - Pension Plans are Individual Plans that gaze into your future and foresee financial stability during your old age. These policies are most suited for senior citizens and those planning a secure future, so that you never give up on the best things in life.
In
case of death during the policy term, the beneficiary gets the full sum
assured. - See more at:
http://insurance.kotak.com/insurance-guide/type-of-insurance.php#sthash.QZacNbfo.dpuf
LIC Pension Policies :
1. New Jeevan Nidhi
7. Health Policy - It is a policy which coverage that provides for the payments of benefits as a result of sickness or injury. Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment
In
case of death during the policy term, the beneficiary gets the full sum
assured. - See more at:
http://insurance.kotak.com/insurance-guide/type-of-insurance.php#sthash.QZacNbfo.dpuf
LIC Health Policies :
1. Jeevan Arogya
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