Endowment plan is term insurance policy with maturity benefits. In case of demise of policyholder, the Sum Assured along with accrued bonuses (if any) is paid to the beneficiary. On survival of policyholder, the same is paid on the maturity date.
Term Insurance Plans are specially designed to offer only Life Cover at a very low premium. There are short term plans, long term plans and convertible plans in this category.
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A bunch of perfect plans offered by LIC to meet the insurance needs and the period financial needs of an Individual. These plans provide cash inflow at a predefined intervals.
Children Plans from L.I.C. Provides safeguard and planned savings for the future of your children with respect to funding their upbringing, education, career, marriage, etc. Numbers of options are available to satisfy and match your goals for your children.