“Welcome to Liczaroorihai – your one stop shop for all insurance and investment needs. For any assistance please call us on +91 8800334680”

LIC Best Plan

LIC Life insurance has several purposes. The primary purpose of LIC life insurance is helping your loved ones take care of their needs, especially at a time when you may no longer be around to provide for them. A dependent spouse, children, or aged parents will continue to be dependent on your income, and leftover savings even after your demise.

HOW MUCH INSURANCE SHOULD YOU TAKE?

Follow this general philosophy to find your own target coverage amount: financial obligations minus liquid assets. Calculate obligations: Add your annual salary (times the number of years that you want to replace income) + your mortgage balance + your other debts + future needs such as college/education/marriage costs etc.

DIFFERENCE BETWEEN LIC TERM PLAN AND ENDOWMENT/RETURN BASED/WHOLE LIFE PLAN

The amount you pay into term life insurance premiums are only there to provide a death benefit to your beneficiaries if you die during a specified term, while money you invest in Endowment/return based/whole life insurance premiums builds cash value that you can use later in life or that will add to the death benefit pay out.

The amount you pay into term life insurance premiums are only there to provide a death benefit to your beneficiaries if you die during a specified term, while money you invest in Endowment/return based/whole life insurance premiums builds cash value that you can use later in life or that will add to the death benefit pay out.

LIC Life insurance enjoys favourable tax treatment unlike any other financial instrument. Death benefits or any other returns are primarily income-tax-free to the beneficiary.

FOR BEST LIC LIFE INSURANCE PLEASE CALL US ON +91 8800334680.