Life Insurance: LIC OF INDIA

You must go through the module “Personal & Family Financial Planning” and then go through this module, it will help you to understand this module easily and in a better way.

LIC OF INDIA needs no introduction. Even after 20 years of opening up the insurance industry, the corporation stands tall with a market share (as of 30/09/2020) of 67.82% in policies and 70.57% in first-year premium income. As you know the acceptability of the BRAND LIC  is tremendously amongst all sections of the people in the society. LIC O INDIA today has a strong and satisfied network of more than 1.2 million agents.

You must know your mighty organization. Life Insurance Corporation of India (abbreviated as LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India. The Life Insurance Corporation of India was founded on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act which nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India. The only Financial company that has a sovereign guarantee.

LIC OF INDIA: If you are alive it helps you to fulfill your dreams and if you die prematurely it helps your loved ones to fulfill their basic financial needs. And if you retire it gives you get a tax-free guaranteed regular income for a lifetime to meet your basic financial needs along with the capital appreciation. The LIC OF INDIA profile is as follows:

Life Insurance: Eleven Reasons to Buy Life Insurance:

You will learn eleven reasons to buy Life Insurance. This will assist you to achieve your personal and family financial goal.

Life Insurance Policies Benefit:

In this video, you will learn about life insurance. You will learn about the four most valuable benefits available in life insurance: 1. Maturity Benefit 2. Normal Death Benefit 3. Accidental Benefit 4. Disability Benefit

Life Insurance: Positioning of Life Insurance

In this video, you will learn to solve the three main problems in life or three main dreams you would like to fulfill in your life along with the two other problems or dreams you would like to fulfill in your life. These are 1. Risk of early death & disability 2. Risk of longevity 3. Risk of children’s education & marriages 4. Wealth creation for buying a house and 5. Tax planning.

Life Insurance: Jeevan Umang T-945

In this video, you will learn how the Jeevan Umang plan is the best plan to solve the problem of longevity. You get tax-free guaranteed regular income for a lifetime to meet your basic needs with huge wealth creation for your loved ones. This plan is guaranteed by the Government of India u/s 37 of the LIC act 1956. There are four concepts you can introduce to your clients.

  1. Policy for Birth anniversary
  2. Policy for marriage anniversary
  3. Policy for tax-free retirement
  4. policy as digital property

Life Insurance: Child Education & Marriage Plan (Jeevan Lakshya T-933)

This plan helps you to save money and earn interest for your child’s education and marriages when you are young and can work a long period of time, let us say16 hours a day. You can sell this plan with three concepts.

  1. Fund creating for children’s Education
  2. Fund creating for Children’s Marriage
  3. You can sell this plan as Jeevan Saathi Plan

Life Insurance: Know the living benefits of Jeevan Anand T-915

In this video, you will learn the living benefits of Jeevan Anand along with the lifelong risk cover after getting the maturity amount. You will learn how this policy helps you to plan for burial too.