A life
insurance policy is much more than a tax planning and investment
returns product. LIC Life Insurance is a powerful tool to cover
unforeseen risks that can affect the family's financial health
adversely in the absence of the bread-winner or an earning spouse.
LIC Life Insurance Policy also works as a saving instrument which
can help one in planning for children's education, children's
marriage, pension, retirement benefits and any other defined
financial goals.
Despite the need many people keep defering the decision to buy life
insuance considering it merely as a tax saving instrument. Life is
un-predictable and unfortunately there is no retake. There are few
things in life that are most important - Having adequate insurance
cover through a Life Insurance policy should definitely be one on
the top priority.