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How can I decide on the right LIC policy for my family?

Deciding on the right LIC policy will mainly depend on your present needs and assessment of your future financial requirements.

In other words, when you decide to buy an LIC policy, chart out your expectations from it. Is it to finance your children's education, their future studies abroad, their marriage expenses or is it a pure risk cover sans monetary benefits that you are looking for in which case the premium will be low?

Is the LIC policy you plan to buy, merely for tax saving purposes ? Or is it because you are looking for a regular return on your investment in which case a money back plan would be fine.

Know that all LIC policies offer you tax benefits. So firstly, chalk out your present day requirements as also your future financial expectations and with the help of your insurance consultant decide on a policy that is the right one for you and your family. The basket of risk policies that LIC offers is vast. They range from children's policies to policies for the retired including endowment plans, money back plans, unit linked plans, term plans, whole life plans, pension plans among others.

So call me up. Being an LIC agent I will be able to guide you better in choosing the right policy for you and your family.