About Lic
Life Insurance Corporation (LIC) is a well-known Indian state-owned insurance group and investment company. Established in 1956, LIC has been providing life insurance policies to millions of people across India for over six decades. With its headquarters in Mumbai, LIC has a vast network of branches and agents spread across the country.
LIC offers a wide range of life insurance plans and policies that cater to the diverse needs of its customers. Whether you are looking for protection for your family's future or planning for your retirement, LIC has something to offer you. The company's products include term plans, endowment plans, money-back plans, pension plans, child plans, health insurance plans and more.
One of the key benefits of buying an LIC policy is that it comes with tax benefits under Section 80C of the Income Tax Act. This means that you can save on taxes while securing your family's financial future at the same time.
LIC also offers multiple cover options to suit different budgets and requirements. You can choose from a range of sum assured amounts depending on your needs and affordability. Additionally, some policies also offer riders such as accidental death benefit rider or critical illness rider which provide additional coverage against unforeseen events.
Apart from life insurance policies, LIC also offers investment options such as mutual funds and unit-linked insurance plans (ULIPs). These products allow customers to invest their money in various asset classes such as equity or debt depending on their risk appetite.
In addition to its wide range of products and services, LIC is known for its excellent customer service. The company has a dedicated team of agents who are trained to assist customers with their queries related to policy purchase or claims settlement process.
Overall, Life Insurance Corporation (LIC) is an excellent choice if you are looking for reliable life insurance coverage with tax benefits at affordable premiums. With its long-standing reputation in the market coupled with excellent customer service standards make it one among top choices when it comes choosing an insurer in India.
In conclusion,
If you're looking for comprehensive life coverage that provides financial security along with tax-saving benefits then Life Insurance Corporation (LIC) should be your go-to option! With over six decades worth experience serving millions across India through various offerings like term plan,endowment plan,money-back plan,pension plan etc., they have established themselves as one among top insurers available today!