Member Login
 
 
 
» Home » Information » Product Information
 
 

Life Insurance Corporation of India

Children's Policy

Children's insurance includes policies through which parents or legal guardians can provide for life insurance for their child from birth. The risk cover commences from the child attaining the age of 12 / 17 / 18 / 21 (known as the Date of Risk), and will vest itself on the child upon his or her attaining majority on completion of age 21, if the case demands so.

More ››

Select a product:     

Endowment Policy

Endowment policies cover the risk for a specified period at the end of which the 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 of the endowment to the policyholder upon the completion of the policy’s term - which rightly accounts for the popularity of endowment policies.

More ››

Select a product:     

Group Schemes

Group (Term) Insurance Scheme provides life insurance protection to groups of people. Administration of the scheme is on group basis and cost is very low. Under Group (Term) Insurance Scheme, life insurance cover is allowed to all the members of a group subject to some simple insurability conditions without insisting upon any medical evidence.

The restrictions under a Group Term Insurance Scheme mainly relate to size of the group, amount of cover allowable, minimum and maximum age limit for eligibility of cover (18 & 60), participation of minimum percentage (75%) of eligible members of the group at inception and compulsory participation of all new members.

More ››

Select a product:     

Health Plans

It is a unit linked Health Insurance plan which provides for insurance cover against following health risks:

i) Hospital Cash Benefit (HCB)

ii) Major Surgical Benefit (MSB)

iii) Domiciliary Treatment Benefits (DTB)

These are inbuilt fixed benefits. HCB is on per day basis whereas MSB shall be a percentage of sum assured depending on the type of surgical procedure. Besides these, the policy shall also provide for reimbursement of domiciliary treatment expenses.

More ››

Select a product:     

High Worth Individual Plans

These are Endowment Assurance plans offering the choice of many convenient premium paying terms.

More ››

Select a product:     

Joint Life Policy

Joint life policies are similar to endowment policies in as much as these policies also offer maturity benefits to the policyholders, apart form covering the risks as all life insurance policies

More ››

Select a product:     

Money Back Policy

Unlike ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period, money back policies provide for periodic payments of partial survival benefits during the term of the policy, of course so long as the policy holder is alive.

More ››

Select a product:     

Pension Plan and Annuities

An annuity is an investment that you make, either in a single lump sum or through installments paid over a certain number of years, in return for which you receive back a specific sum every year, every half-year or every month, either for life or for a fixed number of years.

More ››

Select a product:     

Plans for the Handicapped

ANXIETY about the future of ours, and that of our dependents is a key investment motivator. In these competitive times when jobs are no longer as secure, there is extra urgency and tension about the future.

More ››

Select a product:     

Social Security Schemes

Disabled person who is poor and not able to maintain himself with food clothing and shelter and could not meet other basic needs is given monthly maintenance allowance of Rs.400 per month Around 4.00 lakhs plus persons with disabilities are getting this benefit and Annual budgetary burden on the exchequer is around Rs.200 crores.

More ››

Select a product:     

Special Plans

Special plans, are insurance policy plans available from the national insurance providers to serve the needs of citizens that cannot be commonly classified or segregated.

More ››

Select a product:     

Term Policy

A Term plan is designed to meet the needs of people who are initially unable to pay the larger premium required for a whole life or an endowment assurance policy, but they hope to be able to pay for such a policy in the near future. Hence, it may be desirable to leave the final decision regarding the plan to a later date when a better choice could be made.

More ››

Select a product:     

Unit Linked Plans

Unit Linked Plans are investment plans for those who realise the worth of hard-earned money. These plans help you to see your savings yield rich benefits and help you save tax even if you don't have consistent income.

More ››

Select a product:     

Whole Life Policy

A typical whole life policy runs as long as the policyholder is alive. In other words, the risk is covered for the entire life of the policyholder, which is why they are know as whole life policies.

More ››

Select a product:     

Women's Policy

Womens policy provides funds in times of need like education, marriage or sickness with Guaranteed And Loyalty Additions during the policy term period and after maturity.

More ››

Select a product:     

Back Top
Product Information
     Bonds
    Small Saving
    Mutual Funds
    Loans