LIC is no doubt a leader in the segment of insurance and one must decide first off all that whether one requires insurance or not. If you are insured 50 times of your present pay, than you are adequately insured. Just remember that one need not be over insured. Do understand the difference between term insurance and investment linked insurance.
LIC bima bachat has a few key features and same are as lsited belwo:
- Money back equal to 15% of sum assured every 3 years.
- Maturity benefit equal to full premium paid (excluding extra if any) with loyalty addition.
- Full insurance cover till maturity.
- Duration of policy is 9,12 and 15 years.
- Age at entry: 15-66 yrs.
Thus take an insurance policy after due diligence and consult your financial advisor before going for insurance. Remember term insurance is a cheaper option as it does not link insurance with investment.
Do remember to keep visiting our website to seek free advise from best financial advisor and make daily money making a second habit.
