Buy LIC Micro Bachat policy

Buy LIC Micro Bachat policy now

NO GST Plan

The Micro Bachat Policy is a tailored life insurance plan designed to provide essential financial protection to individuals, particularly those who may not have access to more expensive insurance products. This plan offers basic life insurance cover up to Rs. 2, 00,000/- Rupees (Rupees Two lakhs only) This policy is affordable, with a focus on meeting the needs of the underinsured and underserved populations, offering a simple yet effective way to secure financial security for loved ones.

One of the key features of the Micro Bachat Policy is its low premium rates. This makes it highly affordable, ensuring that people from diverse income brackets, especially those in lower income groups, can avail of basic life insurance protection. It is ideal for individuals looking for an economical way to safeguard their family's future, even if they don’t have the means to invest in comprehensive life insurance plans.

Moreover, the NO GST plan makes the policy even more cost-effective. The Micro Bachat Policy does not impose GST (Goods and Services Tax) on the premium, making it more accessible to a wider population. In countries where GST is levied on insurance policies, the exclusion of this tax can significantly reduce the overall cost of the policy, ensuring that the policyholder pays only for the coverage they need. This makes it an attractive option for individuals who are looking to manage their finances more efficiently while still receiving essential life insurance coverage.

The Micro Bachat Policy is not just affordable, but it also ensures a basic level of life insurance cover. Life insurance is a critical tool in financial planning, especially in the event of an untimely death or unforeseen health issues. This policy ensures that the policyholder's family or dependents receive a lump sum payout in the event of their passing, providing financial support during a difficult time. The payout can be used to cover daily living expenses, outstanding debts, or any immediate costs arising from the loss.

The Micro Bachat Policy is a powerful tool for financial inclusion, offering an easy and inexpensive way for individuals, particularly from lower-income segments, to obtain essential life insurance coverage. Its simplicity, low cost, and tax-free nature ensure that it remains within reach for a vast majority of people who might otherwise not be able to afford traditional life insurance. By offering basic yet crucial protection, it plays an important role in securing the financial future of families and providing peace of mind.

Ultimately, the Micro Bachat Policy is an ideal solution for those looking for an affordable and straightforward life insurance option that prioritizes essential protection without the burden of high premiums or added taxes.

Know the benefits of LIC Jeevan Anand policy - Buy LIC policy

Know the Benefits of LIC Jeevan Anand Policy

The LIC Jeevan Anand policy is one of the most popular and trusted insurance plans offered by Life Insurance Corporation (LIC) of India. It perfectly embodies the slogan “Zindagi ke saath bhi, zindagi ke baad bhi,” ensuring financial security both during and after the policyholder's lifetime. Here’s why this plan is considered one of LIC's best options:

LIC Jeevan Anand plan is a dual benefit policy. After giving maturity also, the policy continues without paying any premium till life.

The benefits after maturity are:

For an example, you had taken a policy for Rs. 5 lakhs sum assured. The LIC policyholder will get the maturity amount during the maturity time, after that

1) After maturity, till 70 years, Rs. 10,00,000/- Accidental Death cover

2) After maturity, till 100th birthday, Rs. 5,00,000/- normal death cover

“Zindagi ke saath bhi, zindagi ke baad bhi,”

Dual Benefits: Insurance and Investment
Jeevan Anand combines the advantages of a life insurance policy and an endowment plan. It provides a lump sum amount at the end of the policy term while ensuring life coverage even after maturity.
On surviving the policy term, the policyholder receives the sum assured, along with bonuses accumulated over the years. This acts as a substantial financial corpus for future needs like education, marriage, or retirement planning.
In the unfortunate event of the policyholder's demise, the nominee receives the sum assured plus bonuses, regardless of whether the death occurs during or after the policy term.
Even after the maturity of the policy, the life risk cover continues without any further premium payments, making it a lifelong security blanket for loved ones.
The policyholder can avail loans against the policy in times of financial need, offering liquidity while retaining coverage.
Premiums paid under the policy are eligible for tax deductions under Section 80C of the Income Tax Act, while the maturity and death proceeds are tax-free under Section 10(10D).
Maturity Benefits
Death Benefits
Lifetime Coverage
Loan Facility
Tax Benefits

LIC Jeevan Anand offers comprehensive coverage, making it an ideal choice for those seeking financial stability, ensuring peace of mind for the policyholder and their family.

Life Insurance as the foundation of your investment strategy

Life Insurance as the Foundation of Your Investment Strategy

Life Insurance is very important considering the current scenario. Life Insurance had saved many families from going bankrupt, Life insurance is incredibly important in today’s uncertain world. Given the rising cost of living, medical expenses, and economic instability, a life insurance policy can provide essential financial security. In times of tragedy, it has saved countless families from going bankrupt by ensuring that loved ones are financially supported. The death benefit from a life insurance policy helps cover funeral expenses, outstanding debts, and daily living costs, preventing a family from falling into financial hardship. In an unpredictable world, life insurance offers peace of mind and a safety net for families during challenging times.

When planning for financial security, life insurance can serve as the cornerstone of a well-balanced investment portfolio. Beyond providing a safety net for your loved ones in the event of an unforeseen tragedy, life insurance policies offer a wealth-building opportunity that combines protection with long-term financial growth. It can also be a great starting point for those new to investing. By exploring how life insurance policies provide sovereign guarantees, government support, and investment diversification, you’ll see why life insurance can be the first step in your investment journey.

Sovereign Guarantee and Government Support

One of the key advantages of life insurance policies is the sovereign guarantee associated with them. Insurance companies are highly regulated by government bodies to ensure they remain solvent and can meet their long-term obligations. In most countries, insurance companies are subject to stringent oversight, meaning they must maintain reserves to cover future claims. In the event that an insurer runs into financial difficulties, many countries have mechanisms in place—such as a state-run insurance guarantee fund—that helps policyholders receive compensation, thereby safeguarding the policyholder’s financial future.

Government support also extends to certain types of life insurance products, such as those that offer tax advantages. In some jurisdictions, premiums paid for life insurance policies are eligible for tax deductions, while the policy's cash value can grow tax-deferred. Additionally, in the event of a policyholder’s death, the beneficiaries often receive the death benefit free from income tax. These tax incentives add an extra layer of benefit, making life insurance not only a protection tool but also a tax-efficient investment vehicle.

Diversification in Your Investment Strategy

While life insurance might initially seem like a stand-alone product for protection, it can be a crucial part of a diversified investment strategy. Many life insurance policies, such as whole life or universal life, have a cash value component that grows over time. This cash value can accumulate through interest or investments, and policyholders often have the flexibility to choose how their cash value is invested. As such, life insurance can be a solid foundation on which to build other investments, including stocks, bonds, and real estate.

Diversification is a fundamental principle in investing, as it spreads risk across different asset classes. Life insurance is relatively low-risk compared to more volatile investments such as equities or cryptocurrency. The cash value growth in life insurance policies is generally more stable and predictable, offering a buffer against market volatility. This makes life insurance a valuable tool for smoothing out fluctuations in your broader investment portfolio, helping you balance the highs and lows of riskier investments.

The stability of life insurance, combined with the compounding effect of the cash value growth, offers long-term wealth accumulation. As your portfolio matures, you may even be able to borrow against the policy’s cash value to fund other investments or needs, giving you access to liquidity while still retaining the policy’s life insurance benefits.

Life Insurance as the First Step in Investing

Life insurance can be one of the most prudent and accessible entry points for new investors. While sophisticated investment options such as mutual funds, stocks, and bonds may seem daunting at first, life insurance provides a structured, straightforward way to begin building wealth. For those just starting out, having a guaranteed death benefit and a growing cash value provides both a safety net and a financial cushion, giving you peace of mind as you take on more complex investments in the future.

Life insurance allows investors to start with a lower level of risk and commitment. Unlike some investments, it doesn’t require a deep understanding of the market or constant management. Furthermore, the consistency of premium payments makes it easier to budget for over time. Many individuals begin with term life insurance to provide coverage during critical years of their lives and later convert to whole life or universal life policies as their financial situations evolve and they look for more growth opportunities.

By making life insurance the first building block of your investment plan, you ensure that you have a strong foundation to weather financial uncertainties. It provides the protection needed to cover life's unpredictable moments while serving as a key starting point in a broader strategy of wealth accumulation.