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LIC s Bima Diamond

LIC s Bima Diamond

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non-linked, with-profit, limited premium payment money back life insurance plan) LIC’s Bima Diamond plan offers a combination of protection and savings. In case of unfortunate death of the policyholder, this plan provides financial support for the family not only during the policy term but also beyond the policy term during the Extended Cover Period (equal to half of the policy term and beginning from the date of
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Ranjeet Singh LIC Advisor

New Janta Nagar, Ludhiana, Punjab
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Product Description

 non-linked, with-profit, limited premium payment money back life insurance plan)

LIC’s Bima Diamond plan offers a combination of protection and savings. In case of unfortunate death of the policyholder, this plan provides financial support for the family not only during the policy term but also beyond the policy term during the Extended Cover Period (equal to half of the policy term and beginning from the date of maturity). Periodic payments shall also be made on survival of the policyholder at specified durations during the policy term. 

In addition, this plan also takes care of liquidity needs through its Auto Cover as well as loan facility

 

It is a close ended plan which shall be available for sale upto 31st August, 2017, coinciding with the Diamond Jubilee Year of the Corporation.

1. Benefits:

a) Death Benefit (applicable for policies where all the due premiums have been paid):
 : 
i. In case of death of the life assured before the date of maturity:.


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LIC s Bima Diamond

About the Company

Nature of BusinessService Provider
IndiaMART Member SinceNov 2014

Life insurance in India made its debut well over 100 years ago.
In our country, which is one of the most populated in the world, the prominence of insurance is not as widely understood, as it ought to be. What follows is an attempt to acquaint readers with some of the concepts of life insurance, with special reference to LIC.

It should, however, be clearly understood that the following content is by no means an exhaustive description of the terms and conditions of an LIC policy or its benefits or privileges.
For more details, please contact our branch or divisional office. Any LIC Agent will be glad to help you choose the life insurance plan to meet your needs and render policy servicing.
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 civilisation'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:
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Seller Contact Details

Ranjeet Singh

New Janta Nagar
New Janta Nagar
Ludhiana - 141003, Punjab, India

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