Jyothi Consultancy

About Us

Welcome to Jyothi Consultancy:
A Life & General Insurance, Investment and Tax planning Firm based in India, Hyderabad. We are a professionally qualified and IRDA Authorised Composite Individual Insurance Advisor from World?s Largest Insurer LIC of India & The New India Assurance Co. Ltd being in service since June 2000 and providing Insurance Policy Services to local clients in India and NRI Insurance clients abroad.
Life Insurance Plans from LIC of India provides safety, security and reparation or compensation to the nominee/ beneficiary or family members on the demise of an insured individual. Being Insurance Advisor our duty is to help the client Identify Various Policies Schemes which will facilitate them to select policy according to their monetary and personal situation. We asks query about customer's family background, family history their monetary situation and medical illness if any and depending on those aspect, direct clients to buy a suitable policy which will not only save Tax but also gives an adequate amount of risk cover.

Services:
?Authorized for Online LIC Premium Collection Services?Complete/Detailed Presentation/Information on all LIC Plans?Policy Status Services?Premium Alert Services thru SMS & Email Channel?Policy Revival Services?Policy Loan Services?Nomination & Change of Nomination services?Policy Surrender Services (Lapsed for more than 5yrs policies)?Quotations of: Revival / Loan / Surrender Value / Paid-up Value ?Assignment & Re-Assignment?Premium Reminder Services?ECS facility for timely premium payment from your Bank A/c?Survival Benefit Services?Policy Maturity Services?Death Claim Services?Change of Address ?Policy Branch Transfers?Premium Paid Certificates?Financial Planning?Depository Accounts(Demant)?Online Registration of Policy Holders?Assistance for Housing Loans

Life Insurance Advisor - LIC of India

What Is Life Insurance?


Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.

The contract is valid for payment of the insured amount during:
?The date of maturity, or ?Specified dates at periodic intervals, or ?Unfortunate death, if it occurs earlier. Among other things, the contract also provides for the payment of premium periodically to the Corporation by the policyholder. Life insurance is universally acknowledged to be an institution, which eliminates 'risk', substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner.
By and large, life insurance is civilization?s partial solution to the problems caused by death. Life insurance, in short, is concerned with two hazards that stand across the life-path of every person:
1.That of dying prematurely leaves a dependent family to fend for itself. 2.That of living till old age without visible means of support.

Contract of Insurance:


A contract of insurance is a contract of utmost good faith technically known as uberrima fides. The doctrine of disclosing all material facts is embodied in this important principle, which applies to all forms of insurance. At the time of taking a policy, policyholder should ensure that all questions in the proposal form are correctly answered. Any misrepresentation, non-disclosure or fraud in any document leading to the acceptance of the risk would render the insurance contract null and void.




Protection:


Savings through life insurance guarantee full protection against risk of death of the saver. Also, in case of demise, life insurance assures payment of the entire amount assured (with bonuses wherever applicable) whereas in other savings schemes, only the amount saved (with interest) is payable.



Why do we need to Life Insured?


Life is full of uncertainties and no one