Senior Citizens Insurance Lic Policy
Unfortunately, senior citizens are not entertained up to what they expect from insurance agents . There are a lot of complex in choosing or buying a new insurance policy or changing a current one so doing so should not be something a senior citizen should take lightly. So,be sure is an insurance agent wants to show you their latest insurance marketing seminar? Before you look into purchasing a new or replacement insurance policy, there are some general guidelines you should know before you meet:
Get All Insurance offers in Writing: Feel free in choosing policy rather than in Pressure Before Signing a policy Understand policy offer Later Ask for Full Disclosures
Health care costs are getting higher and higher day by day. As the age of a person increases the health care costs increase manifold and become a burden on himself. Senior citizens have to pay out of their hard earned savings to meet medical expenses. Ther are so many Health Plan for senior citizens to protect tjem and their spouse in case of expensive medical care. The Insured will get cashless benefit or medical reimbursement for expenses due to illness or accidents.
Retirement is a very crucial phase in one's life. It can be enjoyable for some while unsettling for the others. plan for your retirement with Retirement Plans in Life insurance.
Normally people tend to postpone taking decisions for retirement planning either because it appears too far or there are too many other financial decisions to make. You certainly don't want to face a situation where you realize that you have not saved for your retirement. To avoid any such unpleasant situations, it is better you start early and grow steadily.
In LIC we have Pension Plans - Jeevan Akshay VI
It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Options are available for mode of payment of annuities.