LIC Navjeevan Plan No 853 – Key Features & Review

LIC Navjeevan Plan No 853 – Key Features & Review

LIC Navjeevan Table No 853 is a new insurance plan by LIC in 2019. LIC NavJeevan Plan is the second insurance plan launched by LIC in the year 2019. Prior to this LIC has already launched LIC Micro Bachat Insurance Plan 851. LIC Nav Jeevan is non-linked, with profit, Endowment Life Insurance plan. Navjeevan means New Life. LIC Navjeevan Plan 853 provides two different premium options. One can opt for a single premium or limited premium payment term of 5 […]


Why you should have Two Term Plans?

Why you should have Two Term Plans?

Can I buy more than one term insurance plan?  Is it legal to buy and hold more than one term insurance policies? These queries are recently posted to my e-mail ID by one reader.  Well, you can apply and hold more than one term insurance policy. There are many reasons for holding multiple insurance policies. Such as hedge against claim rejection, cost benefits, diversify across insurers etc. In this post, we will understand benefits of holding two term plans. Also […]


Home Insurance Policy in India – Features, Benefits

Home Insurance Policy in India – Features, Benefits

Home Insurance is offered at the time of taking Home Loan. Most of the time people avoid home insurance policy. It is due to lack of awareness. Home Insurance policy is also popular as property insurance. The home insurance policy covers structure and content. It provides insurance coverage to home against natural calamities such as earthquake, flood, fire, burglary etc. There are very few companies in India that offer Home Insurance Policies. A home insurance policy is a must for […]


Top LIC Pension Plans for Retirement Planning

Top LIC Pension Plans for Retirement Planning

A pension plan is one of the most popular ways to save money for retirement. Pension plans offer dual benefit of pension and insurance cover. Pension plans are also known as retirement cum investment plans. In this plan you need to contribute via monthly, yearly or onetime payments and you can get steady monthly income or lump sum money post your retirement. Pension plans help you to secure your financial future post-retirement.  There are multiple pension plans available in the […]


LIC Micro Bachat Insurance Plan No 851 – Review

LIC Micro Bachat Insurance Plan No 851 – Review

LIC Micro Bachat Insurance Plan 851 is a first insurance policy launched by LIC in 2019. It is a regular premium, Non- linked, Participating Endowment Micro Insurance Plan, which offers a combination of protection and savings. This plan provides financial assistance for the family in case of unfortunate death of the policyholder during the policy term and a lump sum amount at the time of maturity for the surviving policyholder. The plan also takes care of liquidity needs via loan […]