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In conclusion, LIC’s Jeevan Kiran Plan (No. 870) emerges as a beacon of financial security, catering to the diverse needs of individuals and families alike. With its flexible premium options, policy terms, and substantial life coverage, the plan paves the way for a stable and prosperous future. The unique maturity benefit, which returns the total … Read more
Description: ‘Sum Assured on Death’ plus accrued Guaranteed Additions, payable if the policy is in force. In LIC’s Jeevan Utsav Plan 871, the “Sum Assured on Death” is a crucial component of the death benefit. It’s essentially the guaranteed amount paid to the beneficiaries if the insured person passes away. This sum is the higher … Read more
• Number of Claims Settled: 9,22,207 •Amount of Claims Settled: ₹19,327.63 crore •Claim Settlement Ratio: 98.52% •Repudiation Ratio: 0.87% •Pending Claims Ratio: 0.08% •Analysis: LIC continues to dominate the life insurance market with the highest number of claims settled and a substantial amount of payouts. Its high claim settlement ratio, coupled with a low repudiation … Read more
LIC’s Jeevan Dhara Plan is a robust and flexible retirement solution that caters to a wide range of needs. Whether you’re looking for an enhanced pension, a return of premium, or a combination of both, this plan offers options that can be customized to fit your lifestyle and financial goals. With guaranteed benefits and the … Read more
LIC’s Index Plus is an excellent choice for those looking for a balanced approach to life insurance and investment. Whether you want to secure your family’s future, plan for retirement, or simply grow your wealth, this plan offers flexibility, protection, and growth potential. With guaranteed additions, flexible coverage options, and tax benefits, it’s a reliable … Read more
The Nivesh Plus Plan 749 emerges as a robust solution for investors looking to balance insurance protection with market-linked growth. With guaranteed additions, low charges, and flexible fund options, the plan is designed to cater to a variety of financial needs—whether you’re planning for retirement, your child’s education, or long-term wealth accumulation. The added flexibility … Read more