Life Insurance With Loan Suvidha
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Wealth Creation With Life Cover
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Secure financial stability with Loan Suvidha's Investment Plan, enabling you to achieve your long-term objectives while providing for your family's future security.
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LIC Life Insurance
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Explore the diverse array of LIC Life Insurance plans designed to offer comprehensive coverage and customized financial security tailored precisely to meet your requirements.
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Type of Life Insurance Policies in India
Term Insurance
Term insurance stands out as the most straightforward and cost-effective life coverage solution available. It provides financial protection to the insured for a specified period against a fixed premium amount. In the event of the policyholder's premature demise, the chosen beneficiary receives the predetermined sum assured.
Term Return of Premium (TROP)
TROP, a variation of term insurance, goes beyond mere life coverage by incorporating a survival benefit feature. If the policyholder outlives the policy term, all premiums paid are refunded, except for GST charges.
Whole life Insurance
Whole life insurance guarantees coverage until the age of 100, ensuring a lasting financial safety net for your loved ones. Opting for a whole life term insurance plan is ideal if you wish to leave behind a legacy and ensure ongoing financial security for your family.
Market Linked Systematic Investment Plan (ULIP)
ULIPs represent a distinctive blend of market-linked investment opportunities and life insurance coverage. These plans offer the dual advantage of wealth accumulation through investments in equity, debt, or a combination thereof, along with life coverage. High-performing ULIPs have demonstrated tax-free returns of 15-20%, making them a preferred choice for medium to long-term investors.
Guaranteed Return Plan (Endowment Policy)
Endowment policies, also known as guaranteed return plans, serve as a combination of savings and insurance benefits. They enable systematic saving and provide maturity benefits upon survival of the policy term. Additionally, these plans offer death benefits in the unfortunate event of the policyholder's demise during the policy term.
Retirement Plans
Retirement plans offer a strategic approach to securing a stable income post-retirement. Through regular premium payments over an extended period, these plans accumulate and grow, ensuring financial stability during retirement. Upon reaching retirement age, the accumulated corpus can be availed either as a lump sum or as regular income, depending on the individual's preference.
Why to Choose Life Insurance via Loan Suvidha..?
Buy Life Insurance
Purchase life insurance with confidence by comparing and selecting the optimal plan that perfectly aligns with your needs.
Pay the Premiums
Ensure the continuity of your plan by consistently paying your premiums on time.
Enjoy Coverage
Provide your loved ones with financial security and peace of mind
Receive Benefits
Experience the perks of our policy with maturity and survival benefits, subject to terms and conditions.
Important Terms Life Insurance
Policyholder
The policyholder is the person who buys and pays for the insurance policy.
Life Assured
The life assured is the individual who is covered by the insurance policy.
Premiums
Premiums are the payments made by the policyholder to the insurance company in exchange for the life cover provided by the policy.
Riders
Riders are extra benefits that can be added to a policy for a small fee.
Nominee
The nominee is the individual designated by the policyholder to receive the benefit amount in the event of the policyholder's demise.
Policy Term
Tenure for which the policy offers cover and benefits
Maturity Benefit
Maturity Benefit is the amount paid by the insurer upon the policyholder outliving the policy term.
Death Benefit
Death Benefit is the sum paid by the insurer to the nominee or beneficiary upon the death of the policyholder.
What Makes Life Insurance Essential?
Life insurance offers financial security and reassurance for both you and your loved ones. Below are key reasons highlighting the importance of investing in a life insurance policy
Financial Stability
Life insurance offers a safety cushion for your family and dependents, guaranteeing financial support in case of your demise. It encompasses living expenses, mortgage payments, education fees, and other financial commitments, providing reassurance during challenging circumstances.
Debt Settlement
Life insurance can aid in clearing off existing debts like mortgages, loans, or credit card balances, sparing your loved ones from shouldering financial responsibilities. This safeguards your family's financial equilibrium, alleviating additional strain during difficult times.
Income Substitution
As the primary provider in your family, life insurance can step in to substitute lost income, enabling your loved ones to sustain their lifestyle and fulfill ongoing financial requirements. It serves as a vital financial lifeline, guaranteeing that your family can persevere and flourish in your absence.
Testimonial
“Loan Suvidha provided helpful assistance for my life insurance needs. Their team offered clear explanations and guidance, making the process easy to understand. I would recommend Loan Suvidha to others seeking life insurance solutions. For:(Term plan)” From: Aurangabad (Maharashtra)
Mr. Sunil Waghmare
"I had a positive experience with Loan Suvidha when exploring life insurance options. Their team was responsive and professional, addressing all my queries efficiently. I appreciate their support and would consider them for future insurance needs. For:(Retirement plan with LIC jeevan Ustav plan)" From: Ahmednagar (Maharashtra)
Mr. Balaji Jadhav
"Loan Suvidha proved to be a reliable choice for my life insurance requirements. Their knowledgeable staff provided personalized advice and made the application process seamless. I would recommend Loan Suvidha to anyone looking for trustworthy life insurance services."
Neeraj purwal
Frequently Asked Questions
Endowment policies provide a combination of savings and insurance benefits, offering maturity benefits upon survival of the policy term and death benefits in case of the policyholder's demise. They serve as a secure way to systematically save and ensure financial stability.
Life insurance acts as a safety net for your family, providing financial stability in case of your demise. It helps settle debts, substitutes lost income, and ensures continuity of living expenses, mortgage payments, and education fees, offering reassurance during challenging times.
Understanding terms like policyholder, life assured, premiums, riders, nominee, policy term, maturity benefit, and death benefit is essential for making informed decisions when purchasing a life insurance policy. These terms dictate the coverage and benefits provided by the policy.
Loan Suvidha provides a variety of life insurance plans, including saving plans, pension plans, guaranteed income plans, return of premium term plans, investment plans, and children plans, ensuring comprehensive coverage tailored to different financial needs.
Term insurance provides coverage for a specified period, while whole life insurance guarantees coverage until the age of 100, offering a lasting financial safety net for your loved ones. Understanding these differences can help you choose the right plan for your needs.
ULIPs, or Unit Linked Insurance Plans, combine market-linked investment opportunities with life insurance coverage. These plans offer the dual advantage of wealth accumulation through investments and life coverage, making them suitable for medium to long-term investors.
