Publication: DNA, Mumbai; Date: 14 June, 2007; Section: Personal Finance; Page: 6
Attactive as LICs Komal Jeevan may appear, it gives you neither cover nor returns
Insurance in India is synonymous with the Life Insurance Corporation of India and vice versa. For a long time, LIC was the only life insurance institution and the only products available were investment-oriented. Till the entry of private players, it did not even have a term product – one major reason why term plans arent very popular in the country, yet.
The popular plans include endowment, money back, whole life, pension, special and childrens plans. These are available in various flavours, but most of them are a combination of endowment and money back. Komal Jeevan, a childrens plan, is one such popular scheme. The sales pitch for Komal Jeevan includes: » Read more..