Should you invest in LIC Flexi Plus ULIP?

The decision is purely financial and I would like to leave this with you, with the following thoughts.

1. What if after 2 years you feel that none of the investment fund is performing as per expectation? Or you would not be able to pay further for personal reasons then would you be comfortable enough in leaving the fund in discontinuation fund earning you saving bank a/c return?
2. Debt investments perform differently in rising, falling and stable interest rate scenario. There are other debt instruments for short/medium/long term horizon available, which are more actively managed and have potential to deliver much better returns and having flexibility to switch as and when required.
3. Even if you chose “Mixed fund” option for parking of funds (15%-25% equity exposure) in LIC Flexi Plus, would it be wise to invest with a 10-20 years horizon?
4. Even though there is some sort of government backing to LIC but government interference has its own negative factors.
5. I have presumed that readers of TFL are adequately insured and are convinced on buying term insurance… and if this is the case then would it be wise to pay more mortality charges.
6. With the reduction of charges some may argue that ULIPs have now become cost efficient than Mutual funds in the long term, which is true to some extent. Personally I have always found the structure of ULIP very attractive. But on the other side I want investments to be flexible enough, on which cost effective, immediate and comfortable action can be taken as and when required and ULIP does not give me that flexibility. I mean I can go with index funds, now days there’s option of direct plan, direct stocks, Bonds, Fds or whatever investment instruments suits my risk appetite, goals, tax profile etc.

Many people are of the view that Financial Planners are against ULIPs but this is not true. We are not against or in favour of any product but it actually become difficult for us to map the goals of clients to such non flexible and costly products (though for few years). Anyone who’s having their basic financial planning, investments and goals intact can do anything with the surplus he’s left with if any. But it’s always advisable even to use that surplus with caution to factor in the uncertainty risk in financial plan.

LIC launches two new insurance policies

Life Insurance Corporation (LIC) launched two new policies, including a unit linked insurance plan.
Flexi Plus, a unit linked insurance product, not only provides a lump sum benefit on death but also the maturity benefit irrespective of survival of the policyholder, LIC said in a statement.

The policyholder can choose the amount of premium he/she desires to pay, depending on which equivalent level of cover will be provided. The plan aims at steady income carrying lower to medium risk, LIC said.

The other scheme called New Jeevan Nidhi is a conventional product with profit pension plan, which provides for death cover during deferment period and offers annuity on survival to the date of vesting.

LIC Jeevan Saral Table 165 , LIC Jeevan Saral Chart

LIC Jeevan Saral Table 165 is actually an endowment policy with a lot of flexibilities that is usually available only with unit linked insurance plans. Hence it is categorized under Special Plans. This is a non unit-linked insurance plan with Double Death Benefit of Sum Assured + Return of Premium. Under the normal plans one chooses the sum assured whereas in this plan one has choose the premium he want to pay.

Contact:
Miss. Smita Patil
+91 808 208 35994
http://www.licpolicies.in

LIC's Traditional Plans Closing Shortly

From October, insurer to charge an additional 3% from Policyholders towards service tax

LIC’s traditional policies will close shortly by 3% from October as the insurance behemoth plans to change from customers the service tax levied on non-unit linked products. At Presence LIC is paying service tax behalf of policyholder but from October Policyholders must have to pay an additional Rs. 3000 towards service tax on premium Rs. 1 Lack i.e. 3%. 

Following Traditional policies are closing shortly:

1. Jeevan Saral (Table 165)

LIC Jeevan Saral is actually an endowment policy with a lot of flexibilities that is usually available only with unit linked insurance plans. Hence it is categorized under Special Plans. This is a non unit-linked insurance plan with Double Death Benefit of Sum Assured + Return of Premium….Read More

2. Jeevan Anand(Table 149)

LIC’s Jeevan Anand Plan has got both the features of Endowment Plan and Whole Life Insurance Plan. This is with profit plan and throughout the lifetime of the life assured with the provision of payment of lump sum at the end of the selected term in case of his survival. ….Read More

3. Jeevan Akshay- VI(Table 189)

This is an immediate annuity plan, which can be purchased by paying a lump sum amount. This plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Various options are available for the type and mode of payment of annuities….Read More

4. Jeevan Tarang(Table 178)

This plan is a whole of life plan, which provides for annual survival benefit at a rate of 5.5% of the sum assured for life time of life assured after premium paying term or chosen accumulation period is over. On survival to the end of selected accumulation period provided premiums have been paid fully, the vested simple reversionary bonus will be payable in one lump sum. The first survival benefit (SB) will be payable on survival to one year after accumulation period is over and then on survival to the end of each year after that……Read More

5. Bima Bachat(Table 175)

LIC Bima Bachat (Table No.175) is a single premium money-back policy. Bima Bachat offers financial security and assurance to the policy holder and his family ……..Read More

6. Bima Nivesh(Table 171)

Bima Nivesh 2005 is an investment plan with compound rate of guaranteed additions and loyalty additions. It is a single premium, investment plan for those who have no regular income but good periodical income. ……..Read More

7. New Bima Gold(Table 179)

It has been decided to introduce LIC,S new bima gold (plan no. 179) with effect from 4th September, 2006. it is a plan where premiums paid over the term of plan are paid back
during the policy term in installments at specified duration in case of survival of life assured and life insurance cover is a available not only during the term but also during the extended term of the plan……..Read More

Press Contact:
Miss. Smita Patil
+91 808 208 35994
http://www.licpolicies.in
***@*****.in
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Invest In Life Insurance Policies and secure your family future

We have launches new website licpolicies.in to give information about several LIC policies like key features of the policies, General requirements, Maturity benefits, and death benefits, accidental benefits, Money back and much more.
Life Insurance Corporation (LIC) of India established in 1870 in Calcutta and LIC of India is the largest insurance group and investment company in India. It's a state-owned company where Government of India has 100% stake.
All LIC Plans come with Sovereign Guarantee i.e., Govt of India Guarantee regarding repayment. Infact, as of now, only LIC plans enjoy this Govt Guarantee. Beneficiary for this Sovereign Guarantee is you and you alone as the policyholder/ would-be policyholder.
Award Receives in 2012-2013:

• ABCI Award for Best Online Campaign 2012
• ABCI Award for Wall Calendar 2012
• Indy's Award for Best House Magazine 2012
• Indy's Award for Best Corporate Film 2012
• Consumer Superbrand Award 2012

We are providing information of following of LIC of India Policy:

• Endowment With Profit - (Table 14)
• Jeevan Bharti 1(15 & 20 Yrs) - (Table 192)
• Whole Life With Profit - (Table 2)
• New Bima Gold (12, 16 & 20 Yrs) - (Table 179)
• LIC Bima Bachat (9, 12 & 15 Yrs) - (Table 175)
• Jeevan Surabhi (25 Yrs) - (Table 108)
• Jeevan Surabhi (20 Yrs) - (Table 107)
• New Money Back (25 Yrs) - (Table 93)
• Temporary Assurance - (Table 43)
• LIC Child Future Plan - (Table 185)
• LIC Child Career Plan - (Table 184)
• LIC Jeevan Kishore - (Table 102)
• LIC Bima Account 2 - (Table 806)
• LIC Bima Account 1 - (Table 805)
• Health Protection Plus - (Table 902)
• LIC Endorsement Plus - (Table 802)
• LIC Bima Nivesh 2005 - (Table 171)
• LIC Money Back (20 Yrs) - (Table 75)
• LIC Jeevan Shree-1- (Table 162)
• Jeevan Mitra Tripal Cover (Table 133)
• LIC Jeevan Mitra Double Cover- (Table 88)
• Ltd. Payment With Profits
• LIC Jeevan Akshay - (Table 810)
• LIC Komal Jeevan - (Table 159)
• LIC Anmol Jeevan - (Table 164)
• LIC Jeevan Vriddhi - (Table 808)
• LIC Amulya Jeevan - (Table 190)
• LIC Jeevan Chhaya - (Table 103)
• LIC Jeevan Anurag - (Table 168)
• LIC Jeevan Tarang - (Table 178)
• LIC Jeevan Saathi - (Table 89)
• LIC Jeevan Surabhi (15 Years) - (Table 106)
• LIC Jeevan Vaibhav - (Table 809)
• LIC Jeevan Anand - (Table 164)
• LIC Jeevan Saral - (Table 165)

Press Contact:
Miss. Smita Patil
+91 808 208 35994
http://www.licpolicies.in
***@*****.in
Email partially hidden to block spam. Please use the contact form here.

KNOW WHAT IS INSURANCE

Why do I need life insurance?
Life insurance has several and important purposes. Its most important function is to replace the earnings that would cease at the death of the insured. For businesses, life insurance is a way to protect key employees and the business itself. A third purpose is to use life insurance to pay potential estate taxes.
No one wants to leave their family unprepared for the future. Planning today can protect the promise of your family’s tomorrow. Following is information about life insurance you need to consider:

• To Replace Lost Income
• To Pay Off Debt
• To Pay Final Expenses and Offer an Emergency Fund
• To Help Pay for Your Children's Education
• To children’s marriage.

Most of the time we think that our family gets money only when you will die but now picture is different LIC of India providing Life insurance policies with LIFE insurance as well as money back.
Now you can save money as well as Whole life Protection with LIC’s Jeevan Anand Plan has got both the features of Endowment Plan and Whole Life Insurance Plan.With this plan you will get Full Payout at maturity (Sum assured + Bonus) and Risk coverage even after maturity as well as Accident Cover upto the age 70. . This is with profit plan and throughout the lifetime of the life assured with the provision of payment of lump sum at the end of the selected term in case of his survival. LIC has several interesting children’s Policies, money back Policies , Pension plans Which helps you to save money and LIFE Insurance