Ask an Expert - Your Personal Insurance Advisor

As far as the exact value of the policy of LIC Jeevan Anand Plan is concerned, you need to contact the nearest branch of LIC or your LIC agent for the same. We are not able to provide such confidential information since we do not have access for the same as it involves Bonus Calculation as well.... Read More>>

Dear Sonali,



According to section 10(10)D of the Income Tax Act, if your Sum Assured is at least 5 times the premium(annualized premium + top up, if any) for that year, and the Amount has been invested for at least 5 years, then the amount receivable is tax free.



In LIC Jeevan Saral, your maturity... Read More>>

Dear Chanakya Kalita

There are many child insurance plans from LIC which are good, hence you need to choose the one that best suits your needs.

If you need a Child Money Back plan with benefits in the last few years for the child's ecucational expenses, etc. then you can choose

LIC Komal Jeevan Plan

LIC... Read More>>

Dear Jeremiah David,

According to the second principle of Insurable Interest, you can purchase a plan for anyone who is dependant on you like your son for a Sum Assured of Rs 6 Lakhs only if you are covered for the same amount. This reduces the possibility of Moral Hazard.

There has been some court... Read More>>

Dear Sreya,

The Jeevan Saral Plan from LIC of India is actually an Endowment Plan but it has been categorized under Special Plan in the LIC website. This is simply because this plan has a lot of flexibilities that is usually available only with unit linked insurance plans. Hence it is categorized... Read More>>

Dear Pooja,



Since you need a child plan specifically from LIC of India, you can consider the 2 plans yoi have selected. To help you choose between the 2 plans



LIC Komal Jeevan Plan, if you need a Money Back Child Plan. LIC’s Komal Jeevan Plan is a children’s moneyback policy in which the premium is... Read More>>

Dear Ashutosh,



The LIC New Bima Gold Plan that you had purchased is a special Plan from LIC since it is actually a combination of a Money Back Plan and an Endowment Plan with extended cover beyond premium paying term. It is a Traditional Plan where the returns are guaranteed and not linked to the... Read More>>

Dear Brijesh,



LIC Jeevan Vriddhi Plan is a a good plan for single premium investment. Rs 30000 is the minimum amount that needs to be paid.



In this Plan, if anything unfortunate happens to you within the Policy Tenure, the Sum Assured is paid as Death Benefit. However, on Survival till the end of the... Read More>>

Dear B.K. Panda,



LIC Policy 149-35 is a LIC Jeevan Anand Plan for 35 years. LIC Jeevan Anand is an endowment cum whole life policy. It means that you would get a Maturity Claim Benefit along with Bonus on the date of Maturity. But still your cover continues till death. Your nominee would get the... Read More>>

Dear Anubhav,

LIC Jeevan Saral is an endowment policy but categorized under Special Plan in the LIC website. This is because this plan has a lot of flexibilities that is usually available only with unit linked insurance plans. Hence it is categorized under Special Plans. This is a non unit-linked... Read More>>