LIC POLICY LIST

Jeevan Anand Lic Policy

Jeevan Kishore Lic Policy

Jeevan Chhaya Lic Policy

Jeevan Saral Lic Policy

Jeevan Mitra 2 Lic Policy

Jeevan Mitra 3 Lic Policy

Jeevan Tarang Lic Policy

Komal Jeevan Lic Policy

Child Career Plan Lic Policy

Child Future Plan Lic Policy

Jeevan Bharati Lic Policy

New Bima Gold Lic Policy

Amulya Jeevan-I Lic Policy

Group Insurance Lic Policy

Bima Bachat Lic Policy

Bima Nivesh Lic Policy

Money Back Policy-20

Money Back Policy-25

Jeevansathi Policy

Jeevan  Surbhi -15 yrs

Jeevan  Surbhi -20 yrs

Jeevan  Surbhi -25 yrs

Anmol Jeevan Policy

Jeevan Mitra tripple cover

The Human Asset

A Human being is in income generating asset. One's income generating ability depends on one ones's skill (manual, professional, problem solving , entrepreneurial etc.) These are the assets. The value of assets can be measured by considering the income that is generated by the person concerned . the concept of human life value , provides scientific way to determine the asset value of the human life and therefore , the amount of life insurance required . these techniques , like other techniques related to selling will have to be learn on the jobs. A person who may have made arrangements for this needs after his retirement , also would need insurance. This is because the arrangements
         would have been made on the basis of sum expectations like, likely to live another 15 years or that children will be able to look after the age parents . If any of these expectation do not become true , the origenal arrangement would become inadequate & there could be difficulties  .Living to long can be much a problem as dying to young. Both are risks which need to be safeguarded against insurance takes care
         Thus , the risk in the case of a human being are related  to
Early Death, Living Too Long, Disabilities, Sickness, Unemployment

How Insurance Works with Example

There are 1000 persons who are all aged 50 & are healthy. It is expected that, on an average. 1% of persons age 50 or 10 persons, may die within one year. if the economic value of the loss suffered by the family of each dieing person is take to be Rs.20000/- the total loss would work out to Rs.2,00,000/- If each person in the group contributed Rs.200/- the common fund would be Rs.2,00,000/- This would be enough to pay Rs20,000/- to the family of each of 10% who die. Thus, the risks are shared by 1000 persons, although 990 of them did not suffer any loss.