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Offer:-In Agreement it will give the offer and hewill acceptence this term as called asconsideration Both are agree for the same.

CONTRACT MEANS AGREEMENT

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In India ,insurance began in 1818 with life insurance beingtransacted by an english company the oriental lifeinsurance co. Ltd.

The First indian insurance company was Bombay mutualassurance society ltd. Formed in 1870 in mumbai.

Bharat insurance co. in 1896 in Delhi. Empire of india in1897 in mumbai, the united india in chennai.

By the year 1956, when the life insurance business wasnationalised and the life insurance corporation of india wasformed on 1 september 1956.

History Of LIC

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Consideration amount is called the premium.

Insurable pay the amount to insurer is called the

premium.

PREMIUM

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Sum assured

Maturity

DABSurvival Benefit

Surrender value

Assignment value

PWBETC.

Keyword of Insurance

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Life Insurance plan

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A life insurance policy which provides a statedbenefit upon the holder'sdeath, provided that the

death occurs within a certain specified timeperiod. However, the policy does not provide anyreturns beyond the stated benefit, unlike aninsurance policy which allows investors to share

in returns from the insurance company'sinvestment portfolio.

Term plan

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Term plan product

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Temp assurance plan

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Amulya Jeevan - First

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Money back policy from LIC is a popular insurance policy,as it provides life coverage during the term of the policyand the maturity benefits are paid in installments by way

of survival benefits in every 5 years. The plan is availablewith 20 years and 25 years term. In true sense, we do notthink of unfortunate death when we are choosing Moneyback plan, but we like to consider this plan as a savingsinstrument that takes care of your insurance needs alsoand therefore, it also acts as a tax-savings tool.

Money Back Plan

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Money Back Product

Money Back Product

Money Back Plan(20/25

Yrs)

Jeevan Surabhi(15/20/25

Yrs)

Bima Bachat Product New Bima Gold

Jeevan Bharati Jeevan Tarang plan

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Money Back Plan (20 Yrs)

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Jeevan Surabhi Policy (15/20/25)

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New Bima Gold

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Jeevan Bharati Policy

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Bima Bachat Policy

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Money Back +Whole Life Plan

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ULIP stands for Unit Linked Insurance Plans. As we knowthat insurance is for protecting our life from the anyuncertain events like death or accident. The purpose of the

normal insurance plan is just protecting the life but notensuring any savings for the future. Many people wantedplan which gives protection also gives the returns for theirinvestment. So, insurance companies come up with theULIP plan where the premium about is invested in theshare market and returns better income on the maturityperiod.

ULIP

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ULIP Product

ULIP Product

Profit Plus Money Plus First

Child Fortune plusHealth protection

plan

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Profit Plus

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Child Fortune plus

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Endowment policies cover the risk for a specified period at the end of whichthe sum assured is paid back to the policyholder along with all the bonus

accumulated during the term of the policy. It is this feature - the payment ofthe endowment to the policyholder upon the completion of the policys term

- which rightly accounts for the popularity of endowment policies.

Typically, ones responsibility for the financial protection of the familyreduces significantly once the children are grown up and independently

settled. The focus then shifts to managing a smaller family - perhaps onlyoneself and ones spouse - after retirement. This is where the endowment -the original sum assured and the accumulated bonus - received back comes

handy. You can either use the endowment amount for buying an annuitypolicy to generate a monthly pension for the whole life, or put it in any other

suitable investment of your choice. This is the major benefit of anendowment policy over a whole life one.

Endowment

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Endowment Policy

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Double Cover Endowment plan

Double

Endowment

Product

Jeevan sathi Jeevan Mitra

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Jeevan Mitra

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A whole life insurance policy covers you for yourentire life, not just for a specific period such as

term insurance. Your death benefit and premiumin most cases will remain the same. Whole lifeinsurance also builds cash value, which is a returnon a portion of your premiums that the insurance

company invests. Your cash value is tax-deferreduntil you withdraw it and you can borrow againstit.

Whole Life Policy

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Whole Life policy

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Whole Life policy

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Plan For Children

Children Plan

Komal JeevanMarriage

Endowment

Jeevan KishoreJeevan Chaya/Jeevan

Anurag

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Komal Jeevan

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Pension Plan

Pension Plan

Jeevan Akshya -6 Bima Nivesh

New Jeevan

Suraksha-1New Jeevan Dhara-1

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THANKSQUESTION & ANSWER SESSION