1. #1
    Unregistered

    What is meant by LIC? What are the advantages of LIC in India?

    Hello,
    What is ment by LIC and tell me the purposes of LIC in INDIA..





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  3. #2
    awwsomegirl99
    Join Date
    Aug 2012
    Location
    Lucknow
    Posts
    265

    Re: What is meant by LIC? What are the advantages of LIC in India?

    What Is Life Insurance?

    Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.

    The contract is valid for payment of the insured amount during:

    1. The date of maturity, or
    2. Specified dates at periodic intervals, or
    3. Unfortunate death, if it occurs earlier.


    Among other things, the contract also provides for the payment of premium periodically to the Corporation by the policyholder. Life insurance is universally acknowledged to be an institution, which eliminates 'risk', substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner.
    By and large, life insurance is civilization's partial solution to the problems caused by death. Life insurance, in short, is concerned with two hazards that stand across the life-path of every person:

    1. That of dying prematurely leaving a dependent family to fend for itself.
    2. That of living till old age without visible means of support.

    __________________________________________________ ___________________

    life insurance will give u

    1. Savings (depends on Mode- monthly, Quarterly , Half yearly, Annual)
    2. It can be used as a tax savings
    3. It can Give u Pension
    4. It Can Protect your Family
    5. Investment through life insurance can also b done
    6. Now u also have mutual fund investment
    __________________________________________________ _______________________

    THANK YOU




  4. #3
    ASHWANI SINGH
    Join Date
    Jul 2012
    Posts
    211

    Re: What is meant by LIC? What are the advantages of LIC in India?

    HI FRIENDS


    [COLOR="rgb(72, 61, 139)"]LIC IS THE TERM WHICH REFERS TO LIFE INSURANCE CORPORATION OF INDIA.IT IS THE LARGEST INVESTMENT COMPANY IN INDIA. IT IS FOUNDED IN 1956.IT'S HEAD QUARTER IS IN MUMBAI.IT HAS 8 ZONAL OFFICES AND 2048 BRANCHES IN INDIA CURRENTLY.THE SLOGAN OF L.I.C IS [/COLOR]"Yogakshemam Vahamyaham"[COLOR="rgb(46, 139, 87)"]WHICH MEANS YOUR WELFARE IS OUR RESPONSIBILITY.[/COLOR]

    [COLOR="rgb(255, 0, 255)"]ADVANTAGES FOR LIC AGENT ARE:
    ATTRACTIVE RENUMERATION
    SALES AND MARKETING SUPPORT
    FULL RANGE OF PRODUCTS AND SERVICES
    INFRASTRUCTURE SUPPORT
    REWARDING CAREER[/COLOR]

    THANKS...........

  5. #4
    ravikannth2027
    Join Date
    Jan 2012
    Location
    hyderabad
    Posts
    1,477

    Re: What is meant by LIC? What are the advantages of LIC in India?


    [COLOR="rgb(46, 139, 87)"]
    Benefits :

    Rewarding Career

    A successful Team

    Attractive Remuneration

    Independence

    World - Class Training

    Commitment To Career Agency System

    Infrastructure Support

    Full Range of Products & Services

    Sales & Marketing Support

    Financial Strength
    [/COLOR]



  6. #5
    Yassar sabri
    Join Date
    Aug 2012
    Posts
    3

    Re: What is meant by LIC? What are the advantages of LIC in India?

    Lic literally means LIFE INSURANCE COMPANY......Insurance may be of many types like life insurance,car insurance etc......It is very beneficial for us in case of any calmity occur........In this case our indian govt. does a full support.......and bears all the expances.........lic is the largest stay owned company of india......Advantagess of lic are-It helps us to fulfilling our financial goals......It helps us for our earnings to our future also.....

  7. #6
    karan111
    Join Date
    Aug 2012
    Posts
    589

    Thumbs up Re: What is meant by LIC? What are the advantages of LIC in India?

    hello friend,

    The meaning of LIC is life insurance coperation.
    It will help you in whole life.
    After your accident or death it will help you by money.
    at first u have to pay some fixed money then after installment till the fixed duration.
    then LIC return your money at fixed time with interest.
    it helps u at every critical situation of your life.


    all the best.

  8. #7
    rockingsan
    Join Date
    Nov 2011
    Posts
    550

    Re: What is meant by LIC? What are the advantages of LIC in India?

    Hello friend!
    LIC is a insurance policy.LIC is the financial security of your family after you in case of some mishappening.Being a compulsory saving in case of tax-savings,it gives returns to you also in form of survival-benefits at crucial stages of your life such as
    >child's education,
    > marriage,renovation or
    > purchase of a new accommodation
    > cover medical, educational, and daily living expenses
    > Life insurance payouts are not taxable and
    > many more.

    As an investment,it is less beneficial as compared to PF ,fixed deposits and some other instruments. But the other advantages are also there !
    Best of luck!

  9. #8
    palugullakumari
    Join Date
    Jul 2012
    Posts
    8

    Re: What is meant by LIC? What are the advantages of LIC in India?

    Hello dear,

    LIC means life insurance where you an get a lump sum of amount at a time it will be benefit at your old age but for this first you need to pay some amount yrealy for 5 yreas then you will be getting amount at the time of maturity.

    Thank you

  10. #9
    krishna27694
    Join Date
    Aug 2012
    Posts
    14

    Re: What is meant by LIC? What are the advantages of LIC in India?

    Hai friend ,
    LIC means - Life Insurance Corporation of India.in this means you have to to insure your life in it .you are joining in it to diposite the mony in this in monthly the deposits were saving in it and gives in it .it give a more poraction to in it gives the depogits in correct way .it give a more safty to your mony enjoy in it.

  11. #10
    mylove
    Join Date
    Jun 2012
    Location
    jaipur
    Posts
    630

    Re: What is meant by LIC? What are the advantages of LIC in India?

    Quote Originally Posted by Unregistered View Post
    Hello,
    What is ment by LIC and tell me the purposes of LIC in INDIA..
    LIC is a insurance company.
    LIC provide you insurance.
    lic have many type of insurance like as
    child plan
    saving plan
    ulip plan
    pension plan
    etc.

    Purpose of LIC is that if any person is dead in accident then according to taking plan LIC helps his/her family after his/her death.
    lic give some payment from then his/her family become again stable.

    good luck

  12. #11
    Unregistered

    Re: What is meant by LIC? What are the advantages of LIC in India?

    Please tel me the disadvantages of LIC

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