We live in a world of uncertainties and one famous author rightly explains the importance of insurance as “No one in the modern world can afford to be without insurance“
The Insurance Space
Life Insurance ensures financial security of your family in the event of any mishap. Find, compare and buy the best Life Insurance policy suitable to your needs. We provide services related to purchase and further of all insurance needs for you and for your family.
Health Insurance ensures safety of your family in times of medical emergencies. It ensures that medical emergencies dont eat out on your savings and future investment goals. Find, compare and buy the best Term Life Insurance policy suitable to your needs.
Personal Accident Cover
Personal Accident Insurance policy provides financial protection to the insured against uncertainties such as - Accidental Death, Permanent Total Disability, Permanent Partial Disability, Temporary Total Disability with support in case there is a loss of earnings.
What All We Have Here for You
There are varied insurance options available that are suitable for all types of people and their needs. Purpose of insurance and insurance cover required are two major factors that should be considered before choosing an option.
LIC offers a range of plans including Term plan, Endowment, Whole-life, Money-back, Health and more.
Plan your retirement the best way - Get Guaranteed Return for Lifetime
With Increasing Risk Cover
Frequently Asked Questions
Personal Accident Insurance policy provides financial protection to the insured against uncertainties such as –
Accidental Death – In case of accidental death of the insured full sum assured is paid to the nominee | Permanent Total Disability (PTD) – In case an accident results in permanent disabilities or lifelong total impairment such as loss of both the limbs, then a specified sum insured amount is paid to the policyholder. | Permanent Partial Disability (PPD) – for injuries resulting in permanent partial disabilities, a certain percentage (up to 100%) of the benefit is paid to the policy holder. | Temporary Total Disability (TTD) – If the insured suffers temporary total disabilities and is bed ridden or unable to work, then a weekly allowance to compensate for the loss of income is provided to the policy holder. The insured can also utilize this amount in case there is a loss of earnings.
Simply speaking, insurance is the means (a contract) by which risks of loss or damage can be shifted to another party (the insurer – obviously is generally an organisation, the insurance company) on payment of a charge known as premium. The party whose risk is shifted to the insurer is known as the insured. Insurance is largely carried out in two ways –
- Social Insurance – Here, the government takes care of those who are subject to losses due to risk events.
- Voluntary Private Insurance – Here, individuals and groups can buy insurance from an insurance company.
1. Life Insurance policies: Pure Term Insurance with or without return of premium, Non-linked Non-participating endowment insurance (including money back policies), Unit-linked insurance
2. Non-life insurance policies: Health insurance, Critical Illness insurance, Hospital cash policies, Motor insurance, Personal accident insurance, Travel insurance, Home insurance, Crop insurance etc.