5 LIC plans best suited for salaried employees, offer payment flexibility

5 LIC plans best suited for salaried employees, offer payment flexibility

Among many in the market, state-run insurer, and the leading player in the industry, LIC offers a variety of life insurance plans as per requirement and affordability of working professionals

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LIC insurance plansLIC insurance plans
BusinessToday.In
  • Aug 25, 2020,
  • Updated Aug 25, 2020 7:37 PM IST

With rising uncertainties in life, especially after COVID-19, having an insurance cover has become imperative. There are various types of term insurance plans - pure term, endowment, limited pay plans, staggered payout plans, among others. However, customers should have a basic understanding of the product before they go ahead with the purchase. It's important to know about different insurance plans, especially for working professionals. It's key to wisely choose the contours of a plan right at the start for things to move on smoothly thereafter. Among many in the market, state-run insurer, and the leading player in the industry, LIC offers a variety of life insurance plans as per requirement and affordability of working professionals.

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Here we discuss 5 LIC plans for working professionals:

With rising uncertainties in life, especially after COVID-19, having an insurance cover has become imperative. There are various types of term insurance plans - pure term, endowment, limited pay plans, staggered payout plans, among others. However, customers should have a basic understanding of the product before they go ahead with the purchase. It's important to know about different insurance plans, especially for working professionals. It's key to wisely choose the contours of a plan right at the start for things to move on smoothly thereafter. Among many in the market, state-run insurer, and the leading player in the industry, LIC offers a variety of life insurance plans as per requirement and affordability of working professionals.

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Here we discuss 5 LIC plans for working professionals:

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