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Life Insurance
Life insurance is defined as a contract between a policyholder and an insurance company, where the life insurance company pays a specified amount upon the death of the insured’s family. Life insurance money is paid for a set premium.
LIC Jeevan Lakshya Plan
LIC Jeevan Lakshya Policy an endowment plan that is participating in Bonus, which provides both investment and insurance benefits. Since it is a participating plan, bonus benefits will be available. In this Plan in case of death of the policyholder a regular income is provided to the nominee that may help to full fill the basic […]
Bonus Rate of LIC FY 2019-20
Different Types of Bonus Declared by LIC? The LIC describes different types of bonuses in the policy, and they are named differently depending on the plan’s performance pattern. The most common types of bonuses are explained below Simple Reversal Bonus Simple Reversionary Bonus is declared each year and added to Policy Holder “Insurance account” and […]