The Life Insurance Corporation of India came into existence on 1st September, 1956, with the objective of spreading life insurance more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost .
From then to now, LIC has crossed many milestones and has set unprecedented performance records in various aspects of life insurance business. LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance and is moving fast on a new growth trajectory surpassing its own past records. In its 61 years of existence, LIC has grown from strength to strength be its customer base, agency network, branch office network, new business premium and has a significant role in spreading life insurance widely across the country.Read More about Profile >>
Life Insurance Corporation of India(LIC) is the largest & only Government undertaking Life Insurance Company in India. Every day we wake up to the fact that more than 300 million lives are part of our family called LIC.
LIC is pride of India, Come join us to be a part of.........
There are no two ways about the fact the Life insurance is a must-have for just about everyone. So it's important to make the right choice when it comes to buying life insurance. This calls for a keen understanding of the topic and the value a life insurance policy can add to your life and the lives of your loved ones. We are here to help you choose the right insurance plan that suits you and your loved ones. We just don't sell policies; we provide need based Insurance solution as per individual requirement.
Life insurance can be defined as a contract between LIC and a policyholder, whereby you agree to pay certain premium for a specific term and LIC promises to pay a sum of money on a specific term, it can be either on death of the insured person or maturity date, whichever is earlier.
Individuals take insurance policy to cover the risk on their life, as insurance policy provides financial cover to the dependents in their absence. The way to go about achieving this is by making sure thatlife insurance cover is adequate, generally we recommend to take a minimum risk cover of atleastto the extent of 6 to 7 times of your annual income. The life cover secures your loved ones future by paying a lump sum amount in case of an unfortunate event. Life insurance not only covers the risk arising due to an unfortunate event, but also gives you additional benefits like tax benefits, savings and wealth creation over a period of time.
Tax benefits are available on both entry and exit levels i.e., the premiums paid by you are eligible for tax rebate u/s 80c & Maturity and Death claims received are tax free u/s 10(10d)
Insurance can prove advantageous in meeting several financial goals of the individual and his/her family. Here are some of the important one:
These are just some of financial goals you can achieve with the help of life insurance. More importantly, life insurance plans from LIC are flexible and comes with government guarantee.
We are LIC's authorised & recognised IRDA certified LIC Agent / Advisor in Bangalore since 18 years, providing Professional & value based Insurance services to our esteemed clients not only in Bangalore, but across India & Globally
At the end of the financial year 2015-16, we have 23 plans for sale under individual business. The products satisfy the different needs of various segments of society. The plans are Endowment type, Money Back type, Health, annuity/pension type plans etc. The most popular LIC Plans are listed here below. Call us on 7411199333 for a consultation in choosing the right plan for you.
Where ever and Whenever you need it