Lic And Metlife Policies

LIC and MetLife
Number of plans in LIC - 60
Number of plans in MetLife - 26

LIC - Life Insurance Corporation

Various Plans offered by LIC are as follows:
(Nearly, there are 60 plans in LIC)

Endowment Assurance Plans

1. Jeevan Amrit :
This plan is designed for a higher cover at a lower cost. In this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.

2. New Janaraksha Plan: Is an Endowment Assurance plan that provides financial protection against death throughout the term of plan. It pays the maturity amount on survival to the end of the term.

3. Jeevan Mitra (Double Cover Endowment Plan) : Is an endowment plan which takes care of the financial needs even if death of the policyholder for the whole term of the plan.

4. Jeevan Mitra (Triple Cover Endowment Plan) : Is an endowment plan where thrice the Sum Assured plus all bonuses on the basic sum assured to date is payable in a lump sum upon the death of the life assured.

5. The Endowment Assurance Policy: This policy has provisions for the family of the Life Assured in event of his early death and also assures a lump sum at a desired age.

6. The Endowment Assurance Policy-Limited Payment: In this policy the payment of premium can be limited either to a single payment or to a term shorter than the policy.

Children Plans

1. Jeevan Anurag: Is plan designed for the children educational requirements. This plan can be taken on the parent’s life. The basic sum assured is given immediately on the death of the life assured during the term of the policy.

2. Jeevan Kishore: Is a plan which can be availed by the parent or grandparents of the children. It is an endowment assurance plan for children of less than 12 years of age.

3. Jeevan Chhaya: It is a plan where financial protection is given against death during the term of the plan. It is an Endowment Assurance plan.



Keywords: LIC policies,Lic And Metlife Policies, Jeevan Anurag,Jeevan Chhaya,Jeevan Kishore,Jeevan Mitra ,Jeevan Amrit,New Janaraksha Plan

LIC or the Life Insurance Corporation of India is an entirely government owned entity and enjoys the position of being India's largest insurance company apart from being nation's biggest investor. LIC was incorporated in 1956 and has been functioning pretty consistently.