LIC Best Plan Details

LIC Best Plan Details

Commission Derive the Sales – How Agents push you the insurance plans? 2

Agents push endowment and money back plans, which  fetch them higher commissions even though the returns are very low. See the below list to be prepare while taking any life insurance plans: Pure term Plans: Best form of insurance but projected as a waste of money. Ulip: No longer favorite because of the low commissions. ...

What will change for Life Insurance Policies from 1 January in LIC

Agents are spreading the rumors to generate more sales before 1 January 2013. but in actually Insurance Policies will become more customer Friendly after 31 December. Below are some changes: High Surrender Value: Till now if you cancelled a policy prematurely, the surrender value was calculated without taking into account the first years premium. the ...