What are the different types of LIC policies?

Following are the different types of life insurance policies that are available in India:

  • Term Insurance.
  • Term insurance with return of premium.
  • Unit Linked Insurance Plans.
  • Endowment plans.
  • Moneyback policy.
  • Whole life insurance.
  • Group life insurance.
  • Child Insurance Plans.

What are 5 companies that provide life insurance?

Best Life Insurance Companies

  • #1 Northwestern Mutual.
  • #2 Haven Life.
  • #3 State Farm.
  • #4 Banner Life.
  • #5 Principal.
  • #5 Pacific Life.
  • #7 Guardian Life.
  • #7 Nationwide.

How many types of insurance are there in LIC?

Money Back Plans

Sr. No. Product Name Plan No.
1 LIC’s New Bima Bachat 916
2 LIC’s NEW MONEY BACK PLAN – 20 YEARS 920
3 LIC’s NEW MONEY BACK PLAN – 25 YEARS 921
4 LICs Jeevan Umang 945

What are the 7 types of life insurance?

Different types of life insurance

  • Term life insurance.
  • Whole life insurance.
  • Universal life insurance.
  • Variable life insurance.
  • Simplified issue life insurance.
  • Guaranteed issue life insurance.
  • Group life insurance.

What is the biggest life insurance policy?

Somewhere in Silicon Valley, a billionaire has taken out $201 million in life insurance. Guinness World Records, which announced the policy, said it is the largest ever issued.

What are 4 types of whole life policies?

The Four Types of Interest-Sensitive Whole Life

  • Universal. Universal life insurance often is considered the most flexible of all of the whole life varieties that are available.
  • Current Assumption.
  • Excess Interest.
  • Single Premium.

What are some good life insurance policies?

Some of the Best Life Insurance policies for people over 50 Smart Insurance – Smart Guaranteed Life Insurance (Over 30s) Legal & General – Over 50s Life Insurance Plan Sainsbury’s Bank – Over 50s Life Insurance Plan AA – Over 50s Life Insurance Plan Post Office Money – Over 50s Life Cover Sunlife – Guaranteed Over 50 Plan (Capped)

What type of life insurance policy is best?

The best life insurance policy to buy is the one that best serves the needs you want to have met in the event you passed away. It could be all term insurance, all permanent insurance, or a combination of the two.

What are the different types of life assurance policies?

Life Insurance Overview. A life insurance policy provides a cash payment when a person dies.

  • Term. Term insurance is the most basic type of life insurance.
  • Whole-Life. A whole-life policy pays a death benefit no matter when the insured dies.
  • Universal-Life.
  • Variable Universal-Life.
  • Definitions of Terms.
  • Other Sources.
  • Reference.

    • What are the principal types of life insurance?

    Register Now. What are the principal types of life insurance? There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal life.