The document discusses various types of insurance policies and plans offered in India in 2014 by LIC Insurance Services, including term insurance, health insurance, motor insurance, whole life policies, annuities, pension plans, and more. Details are provided on common insurance types like property insurance, personal accident insurance, and travel insurance. Unit-linked insurance plans and money-back plans are also summarized. The document provides an overview of the different life insurance options available to Indians through LIC Insurance Services in 2014.
3. Whole Life Policy
Limited Payment Life Policy
Endowment Policy
Double Endowment Policy
Joint Life Policy
With or without profit policies
Convertible whole life policy
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4. Convertible term assurance policy
Fixed term (marriage) Endowment
policy & education annuity policy
Annuities
Sinking fund policy
Multipurpose policy
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5. Money-Back Plan
Unit-Linked Insurance Plans(ULIPs)
Pension Plans
Children Plan
Saving And Investment
Special Plans
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6. Term Insurance
• Term life insurance or term assurance is life
insurance which affords coverage at a secure
rate of payments for a limited period of time,
the relevant term.
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7. Property Insurance
• Property insurance provides safety against
most risks to property, such as fire, robbery
and some weather damage.
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8. Health Insurance
• Health insurance is insurance against the risk
of incurring medicinal expenditures between
persons.
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10. Travel Insurance
• Travel insurance is insurance that is proposed
to cover medicinal expenditures, financial
default of travel dealers, and other losses
incurred while traveling.
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11. Liability Insurance
• Liability insurance is a part of the common
insurance scheme of risk financing to shelter
the customer (the "insured") from the risks of
liabilities.
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12. Motor Insurance
• Vehicle insurance is also known as auto
insurance, GAP insurance, car insurance, or
motor insurance is purchased for cars, trucks,
motorcycles etc..
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13. Whole Life Policy
• Whole life insurance, or whole of life
assurance, is a life insurance policy that
remains in force for the insured's whole life.
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14. Endowment Policy
• An endowment policy is a life insurance
contract planned to pay a lump sum after an
identified period (on its 'maturity') or on
death.
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15. Joint Life Policy
• A Joint Life Policy is an assurance policy taken
on the joint lives of the partners.
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16. Annuities
• An annuity is any continuing payment with a
fixed total annual amount.
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17. Sinking fund policy
• A sinking fund is a fund recognized by a
financial entity by setting aside revenue over.
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19. Unit-Linked Insurance
Plans(ULIPs)
• A Unit Linked Insurance Plan (ULIP) is a
product presented by insurance companies
that is different a unalloyed insurance plan
bounces investors.
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