Most households have traditional Life insurance policies with an "Assured Sum of money" from LIC and other insurers
Most do not know what to do with these policies now
A thread🧵 on what you should do with ur LIC Policies?👇
What is life insurance?
A Life Insurance policy provides financial security to the family of the insured, in case of their death during the policy period, and in some cases a maturity benefit to the insured person, after a set period of time.
Types of life insurance
There are policies which
🏦combine insurance+investments(Savings policies)
🏦which only provide life insurance(Preotection policies)
At 79,
V Jagannathan, Star Health Founder together with the TVS group has now launched
"Galaxy Health Insurance".🤯🤯
Galaxy launched a superb new health insurance policy yesterday with
🩺No premium rise until 55years or first claim,
🩺No Claim Premium discount
🩺No limits on cataract surgery
🩺Superb maternity benefits
The policy looks loaded with great benefits🤯🤯
A thread🧵on the features of the new Galaxy "Promise" health insurance?👇
At 62,
V Jagannathan founded Star Health,
Built it to be the largest private retail health insurer with a m-cap of 30,000cr😰
At 79,
He is launching another health insurance company
Galaxy Insurance🤯
Galaxy Insurance launched its new policy
Galaxy "Promise" in 3 variants
🩺Signature
🩺Elite
🩺Premier Plan
The signature plan is the top-end version of the plans and our analysis will be based on the signature plan as it is loaded with all top features
Do u have a LIC policy sold by a relative/uncle and don't know what to do with these policies now?
Policies with an "Assured Sum of Money" have very poor returns
A thread🧵 on what you should do with ur LIC Policies?
Let's go👇
What is life insurance?
A Life Insurance policy provides financial security to the family of the insured, in case of their death during the policy period, and in some cases a maturity benefit to the insured person, after a set period of time.
Types of life insurance
There are policies which
🏦combine insurance+investments(Savings policies)
🏦which only provide life insurance(Preotection policies)