Stuti Rajeev - The Insurance Guru

I am here to guide you through your Insurance Plans.

This will help you in deciding which plan is suitable
according to your age, occupation, income and insurance needs.

Human Life Value is defined as the Present Value of Future
Income that you could expect to earn in rest of your Working Span.

Premium paying term depends upon

 –

How many years you see yourself earning a regular income?

Amount you can commit to be paying regularly.

How long you want to be insured?

Life insurance in India
made its debut well over 100 years ago.

In our country, which is one of the most populated in the world, the prominence
of insurance is not as widely understood, as it ought to be. What follows is an
attempt to acquaint readers with some of the concepts of life insurance, with
special reference to LIC.

It should, however, be clearly understood that the following content is by no
means an exhaustive description of the terms and conditions of an LIC policy or
its benefits or privileges.

For more details, please contact our branch or divisional office. Any LIC Agent
will be glad to help you choose the life insurance plan to meet your needs and
render policy servicing.

What Is Life Insurance?

Life insurance is a contract that pledges payment of an amount to the person
assured (or his nominee) on the happening of the event insured against.

The contract is valid for payment of the insured amount during:

• The date of maturity, or
• Specified dates at periodic
  intervals, or
• Unfortunate death, if it
  occurs earlier.

Among other things, the contract also provides for the payment of premium
periodically to the Corporation by the policyholder. Life insurance is
universally acknowledged to be an institution, which eliminates 'risk',
substituting certainty for uncertainty and comes to the timely aid of the
family in the unfortunate event of death of the breadwinner.

By and large, life insurance is civilisation's partial solution to the problems
caused by death. Life insurance, in short, is concerned with two hazards that
stand across the life-path of every person:

1. That of dying prematurely
   leaving a dependent family to fend for itself.
2. That of living till old age
   without visible means of support.