LIC Insurance products
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Transcript of LIC Insurance products
By: DILEEP KESHAVA NARAYANA
Mobile number: +918277673873
INSURANCE ADVISOR/AGENT
LIFE INSURANCE CORPORATION OF INDIA
Agent code: 0155461P
License No: 10328528
License Date of Expiry: 16/12/2017
Branch office: 61P
Dev. Officer’s/CLIA’s Name: Vijay Rangadas
Benefits for Individual and Employees Protection:– LIC as an insurer provides protection against
the loss/accident. Savings:– LIC helps the employees to save more for the
financial growth. Tax benefit under section 80C. Security for loans:– LIC policy can used as a security for
obtaining loans. Future Financial planning:- LIC helps employees to plan
your future financial and get good financial growth. Pension planning:- LIC helps employees to get income after
retirement. Sickness benefits:- LIC provides employees protection
cover for the loss of the health.
By: Dileep Keshava Narayana
Benefits for Employers Employees Protection.
Financial planning for both Employees/Employers.
Employees health-care.
Group schemes available for Employers.
LIC helps to Meet the liability of the employers.
LIC products servicing available.
By: Dileep Keshava Narayana
Example-1 A person ABC is a single aged about 28 years is a
software engineer works in a company. His salary isabout Rs. 3 Lakhs per annum. He is the only earningmember in his family. His monthly expenses are: -
Type of Expense Rs.
House Rent 5,000/-
Family expenses 10,000/-
Mobile Phone expenses 1,000/-
Vehicle/Travel expenses 1,000/-
Entertainment expenses 2,000/-
Other expenses 1,000/-
Total expenses 20,000/-
Savings – Rs. 2000
Rest for
Insurance
Premium
By: Dileep Keshava Narayana
Example-2 An employer ABC has 50 employees; 25 employees are
the regular working employees of the employer.Another 25 employees are employees from theemployer group. Employer is worried that the loss ofhealth of employees will bring down the productivity.So Employer wants to insure all the employees.
By: Dileep Keshava Narayana
LIC products for employees and employers
Individual Plans: -
1. Endowment Plans: -
New Endowment Plan.
New Jeevan Anand.
Jeevan Rakshak.
Jeevan Sangam.
Limited Premium Endowment Plan.
2. Money back Plans: -
New Money back Plan – 20 years.
New Money back Plan – 25 years.
New Bima Bacchat Plan.
New Children Money back Plan.By: Dileep Keshava Narayana
Plans for employees and Individuals3. Term Assurance plans: -
Anmol Jeevan – II.
Amulya Jeevan – II.
4. Pension plans: -
Jeevan Akshay – VI.
New Jeevan Nidhi.
Varishta Bima Pension Yojana.
By: Dileep Keshava Narayana
Plans for employees and Individuals5. Micro Insurance Plans: -
New Jeevan Mangal
6. Health Plans: -
Jeevan Arogya
By: Dileep Keshava Narayana
Group Plans for Employers New group leave encashment plan.
New group Superannuation plan.
New group Gratuity cash accumulation plan.
New one year Renewable Term assurance plan – I.
New one year Renewable Term assurance plan – II.
By: Dileep Keshava Narayana
Riders Available Accident Benefit.
Disability Benefit.
New Term assurance Rider.
By: Dileep Keshava Narayana
Who can avail these products ? Employees
Employers
Single Individuals
Individuals with Children/Childrens
Senior citizens
By: Dileep Keshava Narayana
Types of Policy Benefits
Maturity Benefit.
Survival Benefit.
Death benefit.
Accident and disability benefit.
Hospitalization benefit.
Major surgery benefit.
Other surgery benefit.
Day care procedure benefit.
Ambulance benefit.
Premium waiver benefit.
Participation in Profits.
Loyalty Addition.
By: Dileep Keshava Narayana
THANK YOUBy: - DILEEP KESHAVA NARAYANA
MOBILE NUMER: +918277673873
INSURANCE ADVISOR/AGENT
LIFE INSURANCE CORPORATION OF INDIA.
AGENCY CODE: 0155461P
IRDA LICENSE NUMBER: 10328528
IRDA LICENSE EXPIRY: 16/12/2017
BRANCH: 61P
DEV OFFICER/CLIA NAME: VIJAY RANGADAS
By: Dileep Keshava Narayana