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LIC Policies

Chalanachithram.com DB » New TF Industry Related » Archive through October 10, 2019 » LIC Policies « Previous Next »
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Jeffa
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Posted on Wednesday, October 09, 2019 - 06:23 pm:       

//Term policies are good however if the term was completed if the life is still exists what payment paid through years will not get returned.

1) It happens only if you dont plan properly. For example, I did take a term which lasts 10 years beyond my kids can get settled in their life with jobs. I dont need some one to suffer due to my loss after that. Literally what the term policy is for.
2) You are counting your premium paid as a loss if you didt die during the policy term but thats not the right way of thinking what an insurance is for. All auto insurances are TERM insurance and world runs on it.
3) This is exactly the false understanding of the customers on which the lousy for profit policies were cooked and made money.
 

Jeffa
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Posted on Wednesday, October 09, 2019 - 06:14 pm:       

//ALso the way LIC is making mindless investment into loss making
Supporting to this,
ULIPS are a bunch of official CHEATING financial instruments.
LIC simply takes your money, puts into their own planned stocks, if there is a loss, they will show their yeass on you and if profitable, they will give you after taking their ruthless stake and commission and give you the peanuts.
I hate the ULIPS cheating to the core.
 

Awesomedber
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Posted on Wednesday, October 09, 2019 - 06:01 pm:       


Jeffa:

BAD IDEA.
1) Buying any insurance is CHEAP in US than India.
2) Any life policy MUST be TERM POLICY ONLY.
3) Insurance MUST NOT be an investment tool. It MUST be only the GUARANTEE of loss tool.
If you mix insurance with investment, you are letting others to do business with your money for FREE.



+100

ALso the way LIC is making mindless investment into loss making
PSUs, returns maata devuderugu Kattindi vaapas vastey chaalemo!

https://economictimes.indiatimes.com/markets/stocks/news/80- of-lics-equity-portfolio-deep-in-the-red-a-high-flying-psu-a -few-others-play-saviour/articleshow/70971324.cms

https://www.livemint.com/money/personal-finance/can-lic-s-in vestments-in-public-sector-units-hurt-policyholders-11569836 717574.html
 

Royal1234
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Posted on Wednesday, October 09, 2019 - 05:46 pm:       

20 yrs policy - 15 years pay ceyali, last 5 yrs will be paid from the returns/LIC?
--
yearly 139427 x15 = 21 laks.
42L total - maturity

bad investment. did without knowing ABCD of investments at age of 22.
 

Fargo
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Posted on Wednesday, October 09, 2019 - 02:52 pm:       


Jeffa:

It MUST be only the GUARANTEE of loss tool


yep. Thats the intent
 

Ramjirao
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Posted on Wednesday, October 09, 2019 - 02:48 pm:       


idleVizag:

how much is accumlated bonus? 25 yrs varaku kattalemu mastaru, total CRR % yentha?




typically bonus ante they give 40 per every 1000 insured antee one lakhs policy ki 4000 bonus ana maata.

so naa 50 lakh policy ki yearly 20000 bonus osthundhi.

Term Bonus
5 38
6 to 10 38
11 to 15 41
16 to 20 45
> 20 49
 

Hanuman_junction
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Posted on Wednesday, October 09, 2019 - 02:41 pm:       

jeevan labh is better one, Anand is not bad
 

Parvatheesham
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Posted on Wednesday, October 09, 2019 - 02:21 pm:       

Online term policy in LIC
https://www.licindia.in/Products/Insurance-Plan/LICsTECH-TER M
New term policy Jeevan Amar minimum sum assured 25lakhs

https://www.licindia.in/Products/Insurance-Plan/LIC-s-Jeevan -Amar

Savings policy good returns less term Jeevan labh one of the finest savings plan after Jeevan anand and Bheema gold
https://www.licindia.in/Products/Insurance-Plan/Jeevan-Labh

Most selling policy life long coverage after maturity is Jeevan Anand
https://www.licindia.in/Products/Insurance-Plan/anand
 

Parvatheesham
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Posted on Wednesday, October 09, 2019 - 02:10 pm:       

Term policies are good however if the term was completed if the life is still exists what payment paid through years will not get returned.It is good if the policy holder can take policies simultaneously like savings and term at same time so that they can expect returns and maturity for endowment plans & risk coverage and they can have insurance for the particular period of time for term
Plan

Whatever life cannot be judged what will be happen in future or next minute, there should be financial protection to the family members and the person who leads the family must & should have insurance plan
 

Jeffa
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Posted on Wednesday, October 09, 2019 - 01:56 pm:       

//US Citizens India lo LIC policies teesukovachaa?

BAD IDEA.
1) Buying any insurance is CHEAP in US than India.
2) Any life policy MUST be TERM POLICY ONLY.
3) Insurance MUST NOT be an investment tool. It MUST be only the GUARANTEE of loss tool.
If you mix insurance with investment, you are letting others to do business with your money for FREE.
 

Hotmail
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Posted on Wednesday, October 09, 2019 - 01:52 pm:       


Fargo:




Basic policy emitii ante if your going for safety go for Insurance like Term policy, if your investing for growth go for mutual funds dont mix with both..

As i said earlier every premium LIC agent will get the commission 5 % that is the reason they are giving some cash back for fist month when your taking new policy...


LIC offers life insurance policies. Do not mistake it for investments. The real purpose of life insurance policies it to safeguard the interests of your financial dependents on your death. When you buy insurance policies with savings or investment element in them, you end up with a very small insurance cover that defeats the entire purpose of buying a life insurance cover. Such policies also offer only modest returns.

Always stick to pure investment products like mutual funds to achieve your financial goals. If you have a long investment horizon of at least five to seven years, you may consider investing in equity mutual fund schemes. If you don't want to take much risk, you may consider investing in an equity-oriented hybrid scheme or balanced scheme. These schemes invest in a mix of equity and debt and the debt part of the portfolios offers a cushion during volatile phases in the market


https://economictimes.indiatimes.com/mf/analysis/should-i-in vest-lumpsum-in-lic-or-mutual-funds/articleshow/62445219.cms


Let me check i will post few more comparison links
 

Parvatheesham
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Posted on Wednesday, October 09, 2019 - 01:21 pm:       

Mail Id: yogi1000g@gmail.com
 

Parvatheesham
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Posted on Wednesday, October 09, 2019 - 01:18 pm:       

My self I’m working as an insurance advisor in LIC as a part time if you need any details regarding LIC policies I can assist you
 

Parvatheesham
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Posted on Wednesday, October 09, 2019 - 01:16 pm:       

Jeevan anand & Jeevan Labh are best policies in LIC
 

Idle_yzag
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Posted on Wednesday, October 09, 2019 - 01:13 pm:       


Ramjirao:

Scenario 2: The person survives till the end of the policy term (25 years), the sum assured of Rs. 1 Lakh and the accumulated bonus till maturity (25 years) will be paid to him, post the payout, the sum assured of Rs. 1 Lakh will be continued till of age of 99 and in between whenever he dies, sum assured will be paid to the nominee.




how much is accumlated bonus? 25 yrs varaku kattalemu mastaru, total CRR % yentha?
JP/Chiru
 

Hanuman_junction
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Posted on Wednesday, October 09, 2019 - 01:11 pm:       


Fargo:

US Citizens India lo LIC policies teesukovachaa? the maturing ones in 10 yrs?
also which policy is best and what is the procedure?


US citizen with OCI can take LIC policies. Took it recently
 

Ramjirao
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Posted on Wednesday, October 09, 2019 - 01:06 pm:       


Fargo:

35 yrs kattala annayi? any lower term than that? like 10 to 15 yrs? Can you give me an example of how much money will be vested at maturity




idlevizag:

details please




Person’s age: 35 years
Premium paying term: 25 years
Premium: Rs. 4500/-
Sum assured: Rs 1 lakh
35 year old, buys a Jeevan Anand policy for 25 years (term) for a life cover of Rs. 1 lakh, for which pays a premium of Rs.4535/-.
Scenario 1: The person dies after the 15 years of the policy (before the maturity term of 25 years), sum assured of Rs. 1 Lakh and accumulated bonus till 15th year is paid to the nominee and the plan terminate.
Scenario 2: The person survives till the end of the policy term (25 years), the sum assured of Rs. 1 Lakh and the accumulated bonus till maturity (25 years) will be paid to him, post the payout, the sum assured of Rs. 1 Lakh will be continued till of age of 99 and in between whenever he dies, sum assured will be paid to the nominee.



My plan is for 50 lakhs and yearly I pay Rs 2,71,555 as premium
 

Cinejeevi
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Posted on Wednesday, October 09, 2019 - 01:01 pm:       

I took some policies on my name, kids and whole family but only to the range of 15 years around. some of them are good and can be taken by Indian Origin people settled in US (read as Indian US citizens, by naturalization or by birth).

I know one LIC officer and got it through that person in VJA. Agent is in Vja and my childhood friend.
Anything I said earlier is inadmissible in an argument. In fact, all comments become null and void after 1 day
 

Idle_yzag
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Posted on Wednesday, October 09, 2019 - 12:57 pm:       


Fargo:




send email to qa_funcandperf@yahoo.com
JP/Chiru
 

Fargo
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Posted on Wednesday, October 09, 2019 - 12:48 pm:       


Idle_yzag:


sent private message bro
 

Idle_yzag
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Posted on Wednesday, October 09, 2019 - 12:40 pm:       


Fargo:

takkuva amnt ki kooda vuntada bro or 10 lkhs kattala minimum?




10L just for easy calculation, I think so, kanukomante kanukunta, lekapothe ayana number istha you can talk to him
JP/Chiru
 

Fargo
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Posted on Wednesday, October 09, 2019 - 12:35 pm:       


Idle_yzag:


takkuva amnt ki kooda vuntada bro or 10 lkhs kattala minimum?
 

Fargo
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Posted on Wednesday, October 09, 2019 - 12:33 pm:       


Hotmail:

mutual funds better for long term ki


etanna examples ivvu bro. no idea naaku veetanniti gurinchi
 

Idle_yzag
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Posted on Wednesday, October 09, 2019 - 12:32 pm:       


Ramjirao:

Jeevan anand theesukunna




details pls?


Fargo:

US Citizens India lo LIC policies teesukovachaa? the maturing ones in 10 yrs?




monna nen India vellinappudu Kotak bank vadu na venaka paddadu... bagane vundhi main advantage


Tax claim for current money you pay
Future money, Tax free
Not ULIP

Year123456789101120
We Pay 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000
Return 1,00,000 2,00,000 3,00,000 4,00,000 5,00,000 6,00,000 7,00,000 8,00,000 9,00,000 10,00,0001.53cr

JP/Chiru
 

Fargo
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Posted on Wednesday, October 09, 2019 - 12:32 pm:       


Ramjirao:

Jeevan anand theesukunna


35 yrs kattala annayi? any lower term than that? like 10 to 15 yrs? Can you give me an example of how much money will be vested at maturity
 

Hotmail
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Posted on Wednesday, October 09, 2019 - 12:29 pm:       


Ramjirao:

Jeevan anand theesukunna




Super policy idhi nuvvu kattina prathi installament lo every month 5 % commission agent ki velluthundhj e policy lo
 

Hotmail
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Posted on Wednesday, October 09, 2019 - 12:27 pm:       

LIC polices waste brother mutual funds better for long term ki
 

Fargo
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Posted on Wednesday, October 09, 2019 - 12:21 pm:       


Chitti_babu:


Age 40+ anuko, just money growth key
 

Chitti_babu
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Posted on Wednesday, October 09, 2019 - 12:19 pm:       

Insurance ki full details i mean even for advise.

Age / gauge / dheniki / term or life / traditional or ULIP etc
 

Ramjirao
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Posted on Wednesday, October 09, 2019 - 12:17 pm:       

Jeevan anand theesukunna
 

Fargo
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Posted on Wednesday, October 09, 2019 - 12:08 pm:       

US Citizens India lo LIC policies teesukovachaa? the maturing ones in 10 yrs?

also which policy is best and what is the procedure?

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