LIC Agent in Nagpur

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LIC Insurance Estate Creation Plan :
     It is common practice by almost all agents to sell the products which they actually know. But I noticed during my search for LIC’s plans that Whole Life plans are I think untouched or neglected plans. Hence thought to give inputs how well they are and what are the drawbacks of these plans. First let us look at it’s feature. In LIC’s whole life plans their are two variants. One is the plan where you need to pay throughout your life span. Another is called Limited Payment, where your premium paying is restricted for few years only.
          Many businessmen criticise insurance on the grounds that it has low returns. They prefer to invest in their own business, stocks, mutual funds, property etc. At times they also earn 100% returns from their investments. I wonder how can insurance benefit these rich businessmen? Insurance is for middle class and lower class families. Rich class people need not buy insurance because they already have so much wealth that their generations will live a graceful life! I am sure this thought must have once went across your mind too. We are very well convinced that these rich people do not need insurance. But, just ask them, “Your business sometimes even generates more than 100% profits, but don’t you think there are equal chances of incurring 100% losses?”

Ø  Wealth should not be divided, but multiplied.
Ø  Beware while investing in shares and stocks
Ø  No premium for big policies!
Ø  I get better returns from property!

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