LIC policies for protected and shielded life.

LIC is one of the premium health insurance companies that offer LIC’s Jeevan Arogya and LIC’s Cancer Cover and do you know what is the difference between these two?

insurance types

Talking about the LIC’s Jeevan Arogya then it gives protection from certain health risks. The Jeevan Arogya insurance policy gives the lump sum benefit to the insured irrespective of what medical expenses occurred. On the other hand, in Cancer Cover, the insured gets financial protection from cancer which can be diagnosed at an early or later stage. The insured can avail of the benefits only if he is diagnosed with cancer otherwise no financial assistance is provided.

Lic health policy is one of the best and the person should have one because in today’s time the medical expenses are huge and people fail to incur that at the time of need. Health policies are for the times of emergency. They work as a blessing for the person. With covid 19, people have become more aware of uncertainties in life and are now understanding the need for health insurance policies.

With LIC general insurance you can get quality facilities with financial protection. You can avail the offer of higher coverage at optimal or affordable rates. With increasing uncertainties in life, people must know which health insurance they should opt for and which they should avoid. LIC curated the life insurance plans for everyone. There are different types of insurance plans which provides unique and special features and benefits.

Different insurance types are Tech-Term plans, new Jeevan Anand, Jeevan Labh, Jeevan Umang, Jeevan Shanti, and many more.

  • 1. Tech-Term Plan
    Tech term plan is an online plan which therefore gets cheaper than an offline plan. It is a pure risk plan where the policyholder gets the opportunity to double the sum assured.
  • 2. New Jeevan Anand
    LIC offers an endowment plan called New Jeevan Anand. In addition to providing protection, it also provides a way to save.
  • 3. Jeevan Umang
    Jeevan Umang provides annual survivorship benefits during the premium pay period and a lump sum at maturity or the time of death.
  • 4. Jeevan Shanti
    One premium is required for a policyholder to choose either a Deferred or an Immediate Annuity.

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