5 Benefits of Buying LIC policies.

While choosing the right platform for saving and insurance securities Life Insurance Corporation of India is one of the most trusted name for decades. Even in today’s modern world with plenty of private insurance companies and other insurance apps, LIC still has a strong and special place in people’s heart.
To know more about LIC here are genuine 5 benefits of buying LIC policy –
1) LIC is a government-owned insurance company that means pure trust-
In todays world most of the insurance companies are full of scams and fraud , but as compare to them LIC sets itself apart as it is a trusted insurance company run by the government and is one of the most honest, simple and reliable insurance company to trust with your long-term investment.
2) Variety of choices to suit your needs.
There is something for everyone whether you are looking for a term plan, child education plan or even retirement schemes, LIC has a range of policies that cover each and every stages of life considering every individual’s preference and needs.
3) You get bonus benefits
Each and every year LIC shares part of it’s profits with policyholders as bonus and that amount is being added to their policy value. So according to your choice whether the policy is for 10,15 and 20 years the maturity amount will increase.
4) LIC policies help you save tax
As LIC is a trusted government-run insurance company, one of its major benefits is that it helps you save on taxes. By purchasing a LIC policy you get tax benefits too that allow you to pay less tax.
5) Flexible premium payment options
LIC allows you to choose how you want to pay your premium. Whether it is going to be monthly, quarterly, half yearly, or yearly. You can choose any of your choice according to your comfort.
To sum up, LIC helps you in protecting your dreams, future plans and loved ones by providing suitable life insurance plans according to your needs. when you invest in LIC, you are not just taking care of your present but also thinking about your future.