The country’s largest life insurance provider Life Insurance Corporation of India (LIC) is planning to enter the health insurance market. This strategic move involves acquiring a substantial stake in government-backed insurance provider ManipalCigna Health Insurance. With this potential deal, LIC aims to diversify its portfolio and expand its footprint in the growing health insurance sector. … Read more
Life Insurance Corporation of India (LIC), the cornerstone of India’s insurance industry, has taken a significant step towards empowering women through its Women Career Agent or “Bima Sakhi” initiative. The scheme, which will be officially launched by the Hon’ble Prime Minister Shri Narendra Modi during an event in Panipat, Haryana on December 9, 2024, aims … Read more
RBI Monetary Policy – Life Insurance Corporation (LIC) of India is one of the leading providers of pension and annuity plans in the country. These plans are designed to provide regular income after retirement, which can be a crucial component of financial planning. LIC pension plans, such as Jeevan Akshay and Jeevan Shanti, are popular … Read more
Life Insurance Corporation (LIC) is renowned for offering secure investment opportunities and life insurance. However, beyond its traditional insurance products, LIC mutual funds present a lucrative avenue for those looking to maximize returns while ensuring regular monthly income. This article explores how an investment of ₹3 lakh in LIC mutual fund scheme can generate a … Read more
Retirement planning is one of the most crucial aspects of financial planning, and for working individuals, it often becomes a daunting challenge. Questions such as where to invest money, how much to invest, and how much pension will suffice dominate their thoughts. With the rising cost of living and uncertainty of future expenses, it’s essential … Read more
LIC Micro Bachat Plan 751 – Life Insurance Corporation of India (LIC) has always been at the forefront of providing innovative insurance plans tailored to the needs of diverse income groups. With its Micro Bachat Plan, LIC has introduced a revolutionary product catering specifically to individuals with modest financial means. Officially launched in November, this … Read more
LIC New Jeevan Shanti Plan 758 – The Life Insurance Corporation of India (LIC) has reintroduced its much-anticipated pension plan, the New Jeevan Shanti Plan (Table No. 758), effective from October 1, 2024. This plan, previously discontinued on September 30, 2024, has returned with enhanced features and benefits designed to cater to the needs of … Read more
LIC New Jeevan Amar Plan 955 has recently undergone significant modifications aimed at enhancing its appeal and flexibility for policyholders. As per Circular Ref: CO/PD/247 dated September 30, 2024, LIC announced changes to the policy’s structure, specifically regarding the Maximum Policy Term under the Increasing Sum Assured death benefit option (Option II). With these adjustments, … Read more
Life Insurance Corporation (LIC) of India, one of the most trusted names in the Indian insurance sector, has recently introduced a set of new plans and modifications to existing policies. While these developments aim to offer more tailored solutions for policyholders, they have also sparked significant concerns among LIC agents. Issues such as reduced commission … Read more
This article presents a comprehensive comparison between two unique LIC products: LIC Index Plus and LIC Nivesh Plus Plan 749. Both the products are unit linked and non-participating, but cater to different customer preferences with respect to premium payment, investment flexibility and fund options. In this article, we will analyse the features, eligibility, benefits, charges … Read more