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2 clusters · 3 sources · 29 days · First seen · Last updated
Life Insurance Corporation of India product offerings
Overview
The Life Insurance Corporation of India (LIC) provides various long-term savings, insurance, and pension schemes for different life stages.
Initial offerings include the Kanyadan Policy, a savings scheme for parents to fund their daughters’ future needs, such as education and marriage. This policy allows for regular small deposits over 13 to 25 years and offers tax benefits under Section 80C of the Income Tax Act.
Other available products include the Jeevan Anand Policy, an endowment plan that combines savings with life insurance and maintains life cover even after maturity. For retirement, the LIC Smart Pension Plan offers a single premium option that can provide guaranteed monthly pensions for individuals or couples.
Entities
Timeline
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[BUSINESS] 2 sourcesLIC offers various insurance and pension schemes
LIC offers various financial products, including the Jeevan Anand endowment policy for long-term savings and the Smart Pension Plan for guaranteed retirement income through single premium investments.
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[BUSINESS] 2 sourcesLife Insurance Corporation of India offers Kanyadan Policy for daughters
The LIC Kanyadan Policy allows parents to build long-term funds for their daughters' education and marriage through regular small deposits and tax-advantaged savings.
Sources
bengali.news18.com · informalnewz.com · timesbull.com