After the recommendation of my friend I bought an insurance plan from LIC to protect my family in the event of my unexpected death. I feel secure that my family will at least be financially okay in my absence. It will help them to survive and plan for the future without me.
While I was buying LIC child plan from the website of Policybazaar I came across some unique benefits which were only available on the website. For example discount on the plan with extra benefits to provide financial aid during the policy for my child. I bought the plan and I am happy with it.
My friend suggested me LIC new money back plan and I am happy to buy this plan. He recommended the plan as it comes with both death benefit and maturity benefit. Also LIC has maintained a good claim settlement ratio in the market. Hence I can rely on the insurer without worrying much about the settlement in future.
LIC offers wide range of insurance plans at very affordable premium rates. I bought a life insurance plan for my wife two years ago and I am happy with my plan. It was affordable then and even today I dont see a much difference in the price range. I would recommend my friends and ask them to buy asap.