LIC child plans in Delhi

Best LIC Plan For kanyadan or old age pension plan

Life Insurance starts, when life starts itself. As we all know LIC policy in India indulges to incorporated since 1956. Modern People want to secure their life in better way with nominal pay to maintain their critical situations. By the nominal monthly pay people have been secure their relative who depends upon them. There are many pension plans which make your life confident and smooth. 4 points to make you confident of opting for pension plans.  

1. Savings:
   LIC Pension plans in Delhi are simple policy which will give automated long term saving benefits. You can also fix lump sum, or you can opt for premium every month. The premiums are generally small amount of money you pay every month or quarterly or every 6 months. The annuity generated from investing in retirement pension plan, can be of great advantage as it can be reinvested for generating steady cash flow, post retirement.


2. Negate Effect of Inflation:
   Inflation is curse for any economy and your money. It often undermines your money value. However, pension plans are great investment tool which negate the bad effects of inflation. The pension plan provides one third of the money invested on retirement. The rest is kept intact to generate cash flow to meet recurring expenses.


3. Versatile Solution:
   Retirement pension plans are of different nature, and are designed to suit different needs or requirements post retirement. There is retirement plans, where you can invest any sum of money say INR 5 lac and get annuity payments immediately. One can also opt for deferred annuity plan, where you can earn more interest before payout begins.


4. Insurance add on Pension Policy:
   Pension plans are good insurance add on, as on retirement or death it provides one third of the money; whichever occurs earlier. So, the life insurance cover with pension plan is the best add on one can expect. LIC Kanyadaan plan in Delhi, believes that insurance add on is also necessary to look after the girl child especially in case of a misfortune occurs.

For more advantage of retirement pension plans, you must log in online and get the necessary details to secure your future.

4 Reasons to Invest in LIC Kanyadaan Plan

Life is full of uncertainty, and you should prepare to face the worst in life. An uncertain future holds the huge amount of risks, to cover the risks you should have good financial planning and management.

The reason for the financial planning required is due to the fact that money can solve many problems. So, once something bad happens to you, your near and dear ones can try to fix the problems with the money they will get, from the financial planning you did earlier.

In such cases, future risks can be ‘ill health, accidents, paralysis, joblessness, and untimely death’. Therefore, covering such risks in life is necessary, and one should not be reluctant to opt for it. The best way to cover such risks is opting for life insurance cover.

Sometimes good financial planning is also required to provide support to your family members or children. Especially child education, daughter marriage, etc. can be well managed by a good financial planning with life insurance cover.

LIC Kanyadaan plan in Delhi is one of the best policies to ensure marriage security of your daughter. It takes care of all expenses of marriage and your daughters all marriage wishes can be fulfilled.

Let’s Look into the Benefits of a General LIC Cover:

1. Protection: The first aim of saving money by giving a premium of life insurance is to secure future, with its guarantee to full protection against the risk of death of the insurer. If the insurer dies due to any normal circumstances, the life insurance policy assures full payment of the sum insured (even the bonuses are paid as applicable). In case of other savings and financial product, only the interests are paid for the amount saved.


2. Best Saving Option: Life Insurance policies are good for long-term saving plans. It encourages us to save money regularly, with a realistic goal of financial gain in the future. It also checks our unnecessary expenditure and promotes thrift in the general public. The payments of the premium can be easily paid online, with easy installment facilities available. Different installment facilities available are ‘monthly, quarterly, half – yearly, and annually’.


3. Liquidity: The life insurance policy with loan value can be provided as a security to acquire loans from financial institutions. The LIC plans can also be accepted as security to guarantee commercial loans. Thus, they are also helpful in giving extra financial security.


4. Tax Relief: Imagine you are saving for child future with ‘LIC child plans in Delhi’and at the same time you are getting tax relief at the same time. The LIC policies are the best financial product, which comes with tax deductions on income tax and wealth tax.

Child LIC Plan Benefits:

• It covers your child educational expenses.
• It gives allowances or bonuses, which cover tuition fees, and other miscellaneous expenses
• It also covers higher education for your child
• Child plan also ensure all child’s wishes regarding his or her future is fulfilled

So, it is an excellent plan to opt for securing your child’s future.

5 Benefits of Buying LIC Pension Plans – Necessity and Security

LIC is a common abbreviation and is known even by a school student. Its importance makes it familiar to everyone irrespective of age. ‘Life Insurance’ is for everyone and for every situation. It offers protection to the insurer family in awake of some disaster or personal crisis.

Today, LIC pension plans are also deemed as important schemes for saving and getting tax benefits. The plans help in planning your future, old age and life of family members in a practical way. You actually insured your old age against any vulnerability like ‘post-retirement stress, zero regular income, and fear of uncertainties’.

In fact, it ensures that the pension plans help you in getting a monthly income, strong savings, interest, and bonus. So, you are financially well off at the end of your active professional life. You don’t have to worry about sudden expenses, hospital bills, household expenses, and miscellaneous costs. Your pension plan by LIC is a solution for all your post-retirement worry.

LIC pension schemes also carries host of benefits, and in case of your sudden death, your loved ones will get the benefits. So, in a way, they are also secured and safe from the sudden misfortune. It can eliminate fears of the financial debacle, personal crisis, ill health, and inability to earn in future.

Note: Therefore, we all must insure ourselves to ensure we are safe and so is our family.

Benefits of Opting for LIC Pension Policies:

Security for Family Members in case of Death: If you are the sole earner in your family and your family relies on you then you must plan your future with caution. If you’re not their or something bad happens to you, it can bring financial crisis for your family. It can create further hurdles in coping up with expenses, child education, and spouse’s financial security. Thus, a life insurance is the best way to protect your surviving family members.

Debt Management: It can also be an excellent saving to ensure your family float across the bad times. They don’t have to get stuck with debts and liabilities. Any debts like ‘home loan, auto loan, personal loan, credit cards payment etc. can be disturbing as well as difficult to overcome. So, it’s better to opt for best life insurance plan to eliminate such fear.

Long-Term Financial Goal: It’s a good investment, especially if you’re considering savings for your future. It can secure your long-term future and help you buy a home or give secured feeling post-retirement. LIC Plan in Delhi also provides different types of insurance policies with varied features. 

Pension Plans: They can be excellent supplements for your retirement goals. They act as retirement pillars and savings, which can guarantee a good life. Post-retirement you can be assured of getting regular monthly income with LIC pension plans.

Plan for Youth: Insurance premium is relatively cheaper when they are done at a young age. As you start growing old the premium becomes high. It will also prove to be a top-drawer fund for you. So, right from achieving financial freedom to savings and at less premium is a must go investment plan. 

There are also more benefits of opting for life insurance plans, which will be discussed in later editions.