+91 9998272519 Jayesh@licadvisor.in


Every human being has fear in his mind.

  • The fear whether he will be able to meet the basic needs of the life i.e. Food, clothing and Housing (Roti, Kapda and Makkan).
  • He has fear not only for himself but also for his dependents.
  • The source of income to meet his basic needs may be through service or business.
  • If he was able to meet his basis needs then he acquires the assets i.e. vehicles, property or jewellery.
  • Then he gets additional fear of saving the assets from destruction. ( The assets may be destroyed through accident, fire or earthquake etc. and the income may be cut off due to certainty i.e. old age and death or uncertainty i e. accident, illness or disability.)
  • As you know, the old age and death is certain for every human being while the accident, illness, disability and destruction of assets may be random.
  • A certain number of accidents will take place but with whom, it is uncertain.

Therefore, to overcome these problems, the Insurance plays a very important role.

The principal source of income of an individual comes from the compensation for work performed by him. If this source of income gets cut off then:

Family will make social and economic adjustments like:

  • Wife may take employment at the cost of home making responsibilities
  • Children may have to go for work at the cost of education.
  • Family members might have to accept charity from relatives, friends etc. at the cost of their independence and self-respect.
  • Family standard of living might have to be reduced to a level below the essentials for health and happiness.

Life Insurance Vs. Other Savings

Contract Of Insurance:
A contract of insurance is a contract of utmost good faith technically known as uberrima fides. The doctrine of disclosing all material facts is embodied in this important principle, which applies to all forms of insurance.

At the time of taking a policy, policyholder should ensure that all questions in the proposal form are correctly answered. Any misrepresentation, non-disclosure or fraud in any document leading to the acceptance of the risk would render the insurance contract null and void.

Savings through life insurance guarantee full protection against risk of death of the saver. Also, in case of demise, life insurance assures payment of the entire amount assured (with bonuses wherever applicable) whereas in other savings schemes, only the amount saved (with interest) is payable.

Aid To Thrift:
Life insurance encourages ‘thrift’. It allows long-term savings since payments can be made effortlessly because of the ‘easy instalment’ facility built into the scheme. (Premium payment for insurance is either monthly, quarterly, half yearly or yearly).
For example: The Salary Saving Scheme popularly known as SSS, provides a convenient method of paying premium each month by deduction from one’s salary.
In this case the employer directly pays the deducted premium to LIC. The Salary Saving Scheme is ideal for any institution or establishment subject to specified terms and conditions.

In case of insurance, it is easy to acquire loans on the sole security of any policy that has acquired loan value. Besides, a life insurance policy is also generally accepted as security, even for a commercial loan.

Tax Relief:
Life Insurance is the best way to enjoy tax deductions on income tax and wealth tax. This is available for amounts paid by way of premium for life insurance subject to income tax rates in force.
Assessees can also avail of provisions in the law for tax relief. In such cases the assured in effect pays a lower premium for insurance than otherwise.

Money When You Need It:
A policy that has a suitable insurance plan or a combination of different plans can be effectively used to meet certain monetary needs that may arise from time-to-time.

Children’s education, start-in-life or marriage provision or even periodical needs for cash over a stretch of time can be less stressful with the help of these policies.

Alternatively, policy money can be made available at the time of one’s retirement from service and used for any specific purpose, such as, purchase of a house or for other investments. Also, loans are granted to policyholders for house building or for purchase of flats (subject to certain conditions).

Who Can Buy A Policy?

Any person who has attained majority and is eligible to enter into a valid contract can insure himself/herself and those in whom he/she has insurable interest.

Policies can also be taken, subject to certain conditions, on the life of one’s spouse or children. While underwriting proposals, certain factors such as the policyholder’s state of health, the proponent’s income and other relevant factors are considered by the Corporation.

Insurance For Women

Prior to nationalisation (1956), many private insurance companies would offer insurance to female lives with some extra premium or on restrictive conditions. However, after nationalisation of life insurance, the terms under which life insurance is granted to female lives have been reviewed from time-to-time.

At present, women who work and earn an income are treated at par with men. In other cases, a restrictive clause is imposed, only if the age of the female is up to 30 years and if she does not have an income attracting Income Tax.

Medical And Non-Medical Schemes

Life insurance is normally offered after a medical examination of the life to be assured. However, to facilitate greater spread of insurance and also to avoid inconvenience, LIC has been extending insurance cover without any medical examination, subject to certain conditions.

With Profit And Without Profit Plans

An insurance policy can be ‘with’ or ‘without’ profit. In the former, bonuses disclosed, if any, after periodical valuations are allotted to the policy and are payable along with the contracted amount.

In ‘without’ profit plan the contracted amount is paid without any addition. The premium rate charged for a ‘with’ profit policy is therefore higher than for a ‘without’ profit policy.

Keyman Insurance

Keyman insurance is taken by a business firm on the life of key employee(s) to protect the firm against financial losses, which may occur due to the premature demise of the Keyman.

LIC Agent Ahmedabad

What Is Life Insurance?

LIC LogoLife insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.

The contract is valid for payment of the insured amount during:
» The date of maturity, or
» Specified dates at periodic intervals, or
» Unfortunate death, if it occurs earlier.

Among other things, the contract also provides for the payment of premium periodically to the Corporation by the policyholder. Life insurance is universally acknowledged to be an institution, which eliminates ‘risk’, substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner.
By and large, life insurance is civilisation’s partial solution to the problems caused by death. Life insurance, in short, is concerned with two hazards that stand across the life-path of every person:

1.That of dying prematurely leaving a dependent family to fend for itself.
2.That of living till old age without visible means of support.




Accidental Death & Compensation:(Income Tax Return Required)

अगर किसी व्यक्ति की accidental death होती है और वह व्यक्ति पिछले तीन साल से लगातार इनकम टैक्स रिटर्न फ़ाइल कर रहा था तो उसकी पिछले तीन साल की एवरेज सालाना इनकम की दस गुना राशि उस व्यक्ति के परिवार को देने के लिए सरकार बाध्य है ।

जी हाँ , आपको आश्चर्य हो रहा होगा यह सुनकर लेकिन यह बिलकुल सही सरकारी नियम है , उदहारण के तौर पर अगर किसी की सालाना आय क्रमशः पहले दूसरे और तीसरे साल चार लाख पांच लाख और छः लाख है तो उसकी औसत आय पांच लाख का दस गुना मतलब पचास लाख रूपए उस व्यक्ति के परिवार को सरकार से मिलने का हक़ है।
ज़्यादातर जानकारी के अभाव में लोग यह क्लेम सरकार से नहीं लेते हैं ।

जाने वाले की कमी तो कोई पूरी नहीं कर सकता है लेकिन अगर पैसा पास में हो तो भविष्य सुचारू रूप से चल सकता है ।

अगर लगातार तीन साल तक रिटर्न दाखिल नहीं किया है तो ऐसा नहीं है कि परिवार को पैसा नहीं मिलेगा लेकिन ऐसे केस में सरकार एक डेढ़ लाख देकर किनारा कर लेती है लेकिन अगर लगातार तीन साल तक लगातार रिटर्न फ़ाइल किया गया है तो ऐसी स्थिति में केस ज़्यादा मजबूत होता है और यह माना जाता है कि मरने वाला व्यक्ति अपने परिवार का रेगुलर अर्नर था और अगर वह जिन्दा रहता तो अपने परिवार के लिए अगले दस सालो में वर्तमान आय का दस गुना तो कमाता ही जिससे वह अपने परिवार का अच्छी तरह से पालन पोषण कर पाता ।

सब सर्विस वाले लोग हैं और रेगुलर अर्नर हैं लेकिन बहुत से लोग रिटर्न फ़ाइल नहीं करते है जिसकी वजह से न तो कंपनी द्वारा काटा हुआ पैसा सरकार से वापस लेते हैं और न ही इस प्रकार से मिलने वाले लाभ का हिस्सा बन पाते हैं ।

इधर जल्दी में हमारे कई साथी / भाई एक्सीडेंटल डेथ में हमारा साथ छोड़ गए लेकिन जानकारी के अभाव में उनके परिवार को आर्थिक लाभ नहीं मिल पाया ।

अगर आप को कोई शंका है तो आप भी अपने वकील से पूरी जानकारी लें और रिटर्न जरूर फ़ाइल करें ।

Source – forwarded
Section 166 of the Motor act, 1988 (Supreme Court Judgment under Civil Appeal No. 9858 of 2013, arising out of SLP (C) No. 1056 of 2008) Dt 31 Oct 2013.

Why ” Life insurance is needed ???

एक बार जरूर पढ़े……और एकही वाक्य दो बार पढें.

आप कहते है…
मुझे बीमे की जरुरत नहीं.

1. बीमे की जरुरत आपको नहीं आपके परिवार को है।

2. बीमा तभी लिया जाता है, जब उसकी जरुरत नहीं हो.
जरुरत होने पर
बीमा नहीं मिलता,
इसके लिए स्वास्थ्य होना जरुरी है।

3. यदि आपके पास
सोने का अंडा देनेवाली मुर्गी हो तो आप किसका बीमा करवायेंगे।
मुर्गी का या अंडे का..??

आप अपनी कार का बीमा करवाते है ..
क्या इससे आपका परिवार सुरक्षित रहता है?

4. कार में चार पहिये होते है फिर भी पांचवा रखना जरुरी क्यों है ??
रास्ते में सुरक्षा के लिये या फालतू खर्च?

5. बच्चा असफल हो जाये तो दुबारा मौका मिल सकता है,
पर पिताजी असफल हो जाये तो बच्चों का भविष्य ख़राब हो सकता है।

6. मेरे पास आपके परिवार की सुरक्षा की बहुत ही सुन्दर योजनाये है।

7. बीमे की प्रिमियम देखने से ज्यादा जरुरी आपात स्थिति में मिलने वाली राशि को देखना चाहिये।

8. क्या आपको मालुम है कि आपका जीवन
आपके परिवार के लिये
कितना अमूल्य व आवश्यक है? आप ही बच्चों की शिक्षा तथा विवाह का प्रबंध करेंगे।

9. क्या आपने अपनी सभी पॉलिसियों में नामांकन करवा रखा है?

10. जब आप एक महीने के लिए घर से बाहर जाते है तो क्या क्या व्यवस्था करके जाते है?

11. जब भीड़ में
आपका बच्चा आपसे बिछड़ जाता है
तो उसे कितनी परेशानी तथा दर्द होता है ?

12. आपके बाहर जाने पर कितने दिनों तक रिश्तेदार आपके परिवार की मदद कर सकते है?

13. यदि आप अपने शौक या विलासिता पर खर्च करते है बदले में कुछ नहीं मिलता
परंतु यहाँ
आपके परिवार की सुरक्षा की जाती है फिर भी
आप कह रहे है
आपको बीमे की आवश्यकता नहीं।

14. एकबार अपना बेटा या बीबी बनकर विचार कीजिये।

15. बीमा अपने फायदे के लिए नहीं अपने परिवार की सुरक्षा के लिए ख़रीदा जाता है जिस प्रकार छाता बारिश रोकने के लिए नहीं।
छाता तो बारिश में भीगने से बचने के लिए ख़रीदा जाता है।

16. निर्णय आपका है….

क्योंकि परिवार भी आपका है.

मेरा काम आपको बीमे के बारे में बताना है.

करवाना या ना करवाना आपकी अपनी सोच हे………………….🤓🤗🤓🤗🤓🤗🤓