LIC BANGALORE 

LIC Bangalore for new Life Insurance plans and policyholder services. Life Insurance is not the same after Corona, the COVID-19 era. Life and Health Insurance has become the most essential one after Roti, Kapda, and Makaan. 

After the Corona Times, LIC Of India introduced new plans with shorter duration plans that would help people to invest and get returns as soon as possible. 

 

LIC New Plans like LIC Jeevan Utsav Plan 857, a short-term plan with a minimum 5-year premium payment term, are very popular in the market.  This plan is suitable for Salaried, Businessmen also as the plan gives returns every year, for a lifetime, Life Insurance covers till the end and the claims are paid to the nominee.

LIC of India has plans to suit all celebrations according to the Indian family. Right from Childbirth to school Admission, College Admission, setting up a Business, Marriage, Term plan for high cover, and pension plans at the end. 

The purpose of each plan is to save for the future. The plans are structured in such a way that the proposer doesn’t have to search any other avenue for any Insurance and Investments. The best suggestion would be to diversify the investment in more than 4 to 5 places. This would help the investor to reduce the risk of getting returns. 

The major advantage of LIC plans is the Sovereign guarantee. The government of India has given the sovereign guarantee to LIC only and not to any other Life Insurance company in India.