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LIC Surrender Value Calculator: What Is Surrender Value & Its Different Types?
Table of Contents What is the surrender value? Demerits of surrendering LIC policy Types of the surrender value What is the surrender value factor? LIC surrender value calculator How to use the surrender value calculator? Life insurance is a long-term financial product. Though you may buy any LIC insurance or investment policy with a specific…
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Difference between Life Insurance and General Insurance
Insurance is an important aspect of everyone’s financial planning. Insurance is a contract that spreads the risk and provides protection against financial losses that may arise due to uncertainty. Insurance helps to achieve financial stability. Insurance is broadly categorized into two types – Life insurance and general insurance. In this article, let’s learn the difference…
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Complete Guide on Annuity Plans – Definition, Types and Calculations
The literal annuity meaning is a series of payments paid annually for the lifetime of the investors. These series of payments create a source of regular income and are, therefore, favoured among investors. Life insurance companies offer annuity plans which are designed to cater to your retirement needs. These plans are also called pension plans.…
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LIC Registration – LIC new registration process – 2021
Life Insurance Corporation of India, popularly known as LIC is one of the oldest and largest insurance companies operating in India. Backed by the Government of India, LIC has the largest agent network, widespread branch network and huge customer base. LIC is one of the most trusted brands in India that offers a wide array…
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Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) – Differences and Similarities
The honorable Prime Minister of India, Mr. Narendra Modi, has introduced several insurance schemes for the general public of India. These schemes are aimed at social welfare and provide good insurance coverage at low premium rates. Among the different schemes which have been launched by the Prime Minister, there are two popular insurance schemes –…
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Insurance Definition Types Benefits Features India
Table of Contents What is insurance? How does insurance work? Types of insurance available Must-have insurance products How to decide on the type of insurance you need? List of benefits and importance of insurance Insurance is the most effective risk management tool which can protect individuals and businesses from financial risks arising out of various…
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LIC policy status check by Policy Number Online
The Life Insurance Corporation of India was established in the year 1956 and up until the year 2000 LIC enjoyed a monopoly position in the life insurance segment. Even today, when there are more than 20 life insurance companies in the market LIC continues to have the largest market share. LIC India has a huge…
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7 Best Child Investment Plans and Insurance Policies in India (Updated)
Children always hold a special place in your hearts. They are your bundle of joy and you try to bring your child up in the best possible way. That is why you choose the best education, the best clothes, the best food and also the best future for your child. Whatever you do for your…
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Whole Life Insurance Policy All you need to Know
Who doesn’t like the security of being covered lifelong when the life insurance policy doesn’t have an expiry date? Whole life insurance policies promise such lifelong coverage and much more. Let’s understand how – Table of Contents What are whole life insurance plans? Features of whole life insurance plans Types of whole life insurance plans…
