1. Whole Life Insurance Policy. A whole life insurance policy will offer life coverage for the entire life of the housewife, even if she lives for up to 100 years. Moreover, she will even get maturity benefits after the completion of the policy duration.28 Jun 2021
Which policy is best for wife?
Life Insurance Provider Plan Name
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Bajaj Allianz Life Bajaj Allianz iSecure Insurance Plan
PNB Metlife MetLife's Mera Term Plan
Aegon Religare Aegon Religare iSpouse
SBI Life Smart Humsafar
Which is the best LIC policy for family?
LIC Policies Plan Type Policy Term
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LIC Jeevan Umang Whole Life Insurance 100 years minus(-) the age at entry
LIC Jeevan Amar Term Assurance Plan 10 years-40 years
LIC Money Back 25 years Money Back Policy 25 years
LIC New Jeevan Anand Endowment Plan 15 years-35 years
Can a housewife buy a term insurance plan?
Most insurance companies are not forthcoming in selling insurance to housewives. Also the option of term insurance plans is limited in India. However, housewives can take their pick from endowment, pension, money back plans or ULIPs.
Which is the best LIC policy for 5 years?
Eligibility Criteria Minimum Maximum
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Sum Assured Amount Rs.6,00,000 Rs.24,00,000 The sum assured should be in multiples Rs.1,00,000
Entry Age 18 years 55 years
Maturity Age - 65 years
Policy Tenure 5 years 25 years
Is LIC policy worth buying?
Is LIC a Good Investment? Insurance is best taken care of by buying a term insurance which is a pure risk cover. Thumb rules suggest that you require an insurance cover which is at least 10 times your annual income and term insurance is the only way to get such a cover. Hence LIC policies are a bad investment.
Is LIC the best investment?
Is LIC Plan a good investment? Yes, LIC offers best life insurance plans. If you are looking for investment and protection option under one product, you can consider Endowment or Unit Linked Investment Plan (ULIP) as per your risk appetite and financial objectives.
What is a 5 year term life insurance policy?
5 Year term life insurance is the most cost-effective life insurance plan that one can consider for short-term investment. The 5 Year term insurance policy comes with a death benefit, which is ideal for covering immediate financial liabilities.
Is there any short term LIC policy?
Short Term Investment Plans are one of the best LIC policies for individuals seeking to maximize their money within a short period. The Life Insurance Corporation of India (LIC) Short Term Investment Plans is a great option in 2021 because of the current situation the world is going through.