Life Insurance Policy

best life insurance policy in india with high returns
Life is uncertain. Life insurance doesn’t have to be.
Budget-friendly 100% online life insurance designed for homeowners.
family in home with life insurance
Protect your most valuable asset with mortgage protection insurance. 

Buying a home is a huge step towards financial security and is one of the most important investments you will make in your lifetime.

Mortgage protection insurance is an affordable term life insurance policy specifically designed for homeowners. Our policies ensure that your mortgage obligations are fulfilled if you cannot make payments due to a work accident, critical illness, disability or death.

Ensure that your loved ones can enjoy your home forever with mortgage protection insurance. You have enough to worry about. Let us check life insurance off your to-do list.

How It Works
Choose between an online application or a consultation with a licensed agent.
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No need for an appointment. Get the
coverage you need in one place.

Receive Your Quote
Provide some basic information to get started.
Choose Your Policy

Get the coverage you need with no medical exam.*

Complete Your Application
It’s that simple.
Schedule Consultation

Speak to a licensed agent to get the coverage you want.

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Meet With Your Licensed Agent
A licensed agent will reach out to schedule a free consultation or policy review.
Get Covered
Your licensed agent will help you get the best coverage at the best price.
*Most individuals will qualify for life insurance coverage without the need for a medical exam.
family in home with mortgage protection insurance
We makes mortgage protection insurance simple.
Life insurance doesn’t have to be complicated. At Quility, we leave the decisions to you by offering mortgage protection insurance on your terms. And if you need any support along the way, our licensed agents are here to help.
Life is uncertain.
Life insurance doesn’t have to be.
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What is Life Insurance Policy?


A life insurance policy refers to the contract between an insurance provider and an individual,[1]. As per the agreement, the policyholders pay a certain amount as the policy premium while the insurer pays a specific amount to their family on untimely demise of life insured.

With death being the only sure thing in life, it is crucial to buy the best life insurance policy that suits your financial needs.


Why Choose Life Insurance Plans?


A life insurance policy helps you safeguard the financial interests of your family when you are not around. Millions of people buy life insurance for reasons that are often difficult to put into words. It forms a crucial component of a sound financial plan because of the following benefits:

1. Financial Protection for Family

A life insurance policy will provide a specified sum to your family (the chosen nominee) at the time of your untimely demise. They can use the sum assured to fulfil various financial needs.

2. Critical Illness Benefit

You can opt for critical illness rider with a life insurance policy, which offer protection against critical health ailments, such as cancer, kidney failures, and cardiovascular issues. This way, you or your family need not worry about the financial side of medical emergencies.

3. Tax Deductions

The premium you pay for a life insurance policy is eligible for tax deductions up to Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961.

4. Peace of Mind

With the best life insurance policy by your side, you get peace of mind, knowing that there is a financial safety net your loved ones can bank upon after you.

5. Extensive Coverage at Low Cost

Insurance companies offer significant payouts for life insurance (like term plan) at a low premium, depending on your age and health condition.

6. Opportunities to Create Wealth

Life insurance plans like ULIP (Unit Linked Insurance Plan) gives you the benefit of life cover along with market linked returns from your investment.

For example,Max Life Online Savings Plan – Variant 1 comes with the benefit of life cover along with a lump sum payout for your financial goals. You can also select the funds that suit your investment style.

7. Financial Planning for Life

Along with providing financial support against the event of untimely demise, life insurance plans also work as long-term investments to meet various goals in life. By investing in life insurance at the right age, you can plan well for different life stages.

8. Planning for your Child’s Higher Education

Saving money for your child’s education might be one of the biggest priorities for you, being an Indian parent. By investing in the best life insurance policies, you can plan for your child’s future and help him secure various educational milestones in life.

9. Assured Income for Retirement

Life insurance is a financial instrument that you can choose to plan for retirement. The steady payouts it can offer in the form of annuities can become the source of income for your retired life.



What are the Types of Life Insurance Plans?


Every policy buyer must understand different types of life insurance[2]before buying any of them.

  • Term Insurance

It is an affordable type of life insurance that offers a high sum assured at affordable premiums. The insurance company offers to pay a sum assured to the policy nominee in case of your untimely demise.

  • Unit Linked Insurance Plans (ULIPs)

ULIP is a unique type of life insurance that offers dual benefits of life cover and market linked returns on your investment. A portion of the amount paid as premium is invested in different fund options while the rest is used to provide life cover.

  • Child Plans

A child plan is another form of ULIP with which you can create wealth to support the higher education plans of your child. With a child plan, you also get the flexibility to invest money into various funds based on your financial condition and long-term goals.

  • Endowment Plans

These plans are known as a combination of life insurance and savings. By investing in an endowment plan, you will receive life cover as well as savings benefit. You will get the maturity benefit on outliving the term of your plan, along with periodic bonuses (if any).

  • Retirement Plans

Also known as deferred pension products, these plans aim at helping you create wealth for your retired life to enjoy financial independence. Your nominee will receive immediate payment in case of your demise during the policy term. Otherwise, you will receive the vesting benefit on surviving the term.


How to Select the best Life Insurance Policy?


With a multitude of life insurance plans available in the market, it is critical to choose the right one. The selection of a life insurance plan must be based on a broad spectrum of financial needs.



Why Buy Life Insurance Policy Online?


Every policy buyer must understand different types of life insurance[2] before buying any of them.
There are several reasons that support the decision to buy life insurance online, including

  • Transparency
From the features of a life insurance plan to its premium and other details, everything is transparent in front of you while buying a policy online. You can count upon this transparency to make an informed decision.
  • Benefit of comparison
Buying term insurance online will help you make an informed decision as you will have access to various informative articles, case studies, and calculators.
  • Secure Payment Modes
While buying the life insurance policy online, you utilize secure online payment options. Quick and hassle-free payment processing is ideal for times when you need to furnish policy documents to claim tax deductions.
  • Easy Life Insurance Policy Renewal
The process of life insurance policy renewal is quite easy and hassle-free. You can get the policy renewal done in just a few clicks made online.

Documents Required to Get Life Insurance Plan


You need the following officially valid documents[3][5][6]while purchasing life insurance from a renowned insurer:

  • Passport
  • Voter ID
  • NREGA job card
  • Aadhar Card
  • PAN Card/Form 60

In case these documents do not contain the updated address, you need the following documents:

  • Utility bills of any service provider
  • Property tax receipt
  • Family Pension Payment Orders issued to the retired individuals
  • Letter of allotment of accommodation from the employers such as PSUs and other statutory bodies

Jaipur is one of the most famous cities not only in India but also in the world. It is one of the most prominent tourist destinations attracting tourists from across the globe. Jaipur is the capital city of Rajasthan and the most populous city in the state. The city is known as the pink city in the country and rich culture. The city is close to the capital of the country and along with Agra, they make a Golden triangle for the tourists to visit.

The life insurance industry in the city is one of the many important industries. The coverage for life insurance in the city has still a long way to go. Even today, there are many individuals that do not have a good life insurance plan for themselves and their family members. Life insurance can be availed by any person at nominal premium payment each month and the coverage provided can be for a limited tenure or for the lifetime of the individual.

What are the benefits of life insurance plans in Jaipur?

Life insurance is an essential investment for securing the future of the individual and their family members. Many plans also provide the benefit of a regular income as well along with a life cover. The amount of cover can be at the discretion of the policyholder according to their needs and premium paying capacity.

There are multiple benefits of getting life insurance. Some of such benefits are highlighted below.

Coverage for self and family members

Life insurance plans are not available only for individuals. They can provide life cover for the family members as well. The amount of cover should be enough to meet all the financial needs of the individual and their family members. It is important to note that the coverage is going to be received at a future date after a period of a couple of years. Hence it is important to account for inflation for such a time period and opt for coverage amount.

Loan option 

Many banks provide the option to avail a loan against the life insurance policy. The amount of loan that can be provided to policyholders against the life insurance policy depends on the guidelines of the banks or other lenders. Life insurance can be used as collateral and the amount of loan provided is usually in the range of 70% to 90% of the policy value.

Tax benefits

Tax deductions are one of the main attractions for making any investment even today for the majority of investors. The tax benefits available for premium payment on life insurance is eligible for a tax deduction of up to Rs. 1,50,000 under section 80C of Income Tax Act, 1961.

Frequency to pay the premium 

The amount of premium that has to be paid for the life insurance of self and family members is based on various factors. The guidelines of the insurer and the coverage amount are the prime factors that determine the premium amount. Insurers offer different options for the policyholders to make premium payments. The frequency of making premium payments is decided by the policyholder and the insurer at the start of the policy term. Some of the options for premium payments are monthly, quarterly, semi-annually and annual basis.

Getting returns through ULIP plans 

Insurance plans also have the option to tap into the mutual funds market. Such options are known as ULIP plans that offer the benefit of higher returns of the mutual fund market as well as the benefit of insurance. The minimum lock-in period for such plans is 3 to 5 years.

Additional Reading: What Is The Benefit Of Life Insurance

What are the types of life insurance available in Jaipur?

There are multiple types of life insurance plans that can be opted for by the people of Jaipur. These plans cater to the different needs of the individuals and their family members. Some of the options of the insurance plans are mentioned below.

Term plans

These are the most common type of life insurance in the Indian market. It is a long-term insurance plan that provides basic risk cover for a fixed tenure. The policy provides maturity benefits at the end of tenure and death benefits to the nominee of the insured person in the event of the death of the policyholder.

Retirement plans

Retirement plans are another common type of life insurance plans. These plans provide financial security in the retirement of the policyholder in the form of regular income at fixed intervals or a lumpsum corpus fund at the discretion of the policyholder.

Money-Back plans

These plans provide the benefit of paying back the sum assured to the policyholder at regular intervals. The balance amount of the sum assured is given to the policyholder at the time of maturity of the policy.

Endowment plans

These plans offer the dual benefit of insurance and investment in a single plan. These plans offer the policyholders the benefit of gradually building a corpus fund. This fund can then be utilized to realize the financial goals of the family-like wedding in the family, travel, child’s education.


Another important category of insurance plans is the ULIPS (ULIPs are Unit Linked Investment Plans). These plans offer the benefit of long-term investment along with insurance. Investors can choose the fund that they want to invest in and a portion of the premium paid will be invested in such fund. The minimum lock-in period for these plans is 3 to 5 years.

Whole life insurance plans

Whole life insurance plans are plans that provide coverage for the whole family. The tenure of the policy is usually for the long term with a maximum tenure of 99 years. Policyholders also have the option to make premium payments for a period of the first 10-15 years of the policy term and enjoy the benefits of the plan for life.

Child plans

Child plans offer coverage for the children specifically. These plans can be opted from the time of their birth till the time they reach adulthood. The amount received at the time of maturity can be used to meet the needs of the children like higher education, wedding, etc.

Group life insurance

This type of insurance is taken by the employer of an organization for all their employees as blanket cover. When the employee leaves the organization, they also have the option to convert this policy to a personal life cover provided such benefit is agreed by the insurer.

Life Insurance in Jaipur FAQs

1. What is the usual tenure for term plans?

A. The usual tenure for term plans is between 5 years to 50 years.

2. Does the policyholder get any maturity benefits in the case of term plans?

A. No. Term plans do not provide maturity benefits at the end of the policy term.

3. What are the factors influencing the premium amount?

A. The factors influencing the premium amount are,

  • Age of the policyholder
  • Location of the policyholder
  • Marital status of the policyholder
  • Number of persons insured under the plan
  • Coverage amount
  • Policy tenure

4. What is the grace period in a life insurance policy?

A. Grace period is the number of days after the due date of premium payment where the policyholder can make the premium payment and keep the policy active.

5. What are the common exclusions under life insurance policies?

A. The common exclusions under life insurance policies are suicide, death on account of any critical illnesses specifically excluded from the plan, etc.B

LIC life insurance agents in Jaipur offer various forms of life insurance policies


What is life insurance?


A life insurance policy is a legal agreement between an insurer and the policyholder. A life insurance policy ensures that the quantity of money paid by the insurer will be received by the designated beneficiaries when the insured dies. There are several qualified and trustworthyLIC life insurance agents in Jaipur. These professionals assist you in selecting the best life insurance policy available from LIC. You can find a list of LIC life insurance agents online with the help of Justdial.


Features and benefits:


Investing in a life insurance scheme is a critical financial decision that everyone must make at some point in their lives. This policy protects the insurer against the danger of death and ensures that their assets are delivered to the beneficiaries in the event of their death. LIC is an organisation that is completely focused on supplying consumers with various forms of life insurance policies. There are several LIC life insurance agents Jaipur has, which can be found on Justdial within seconds.


Why you should get in touch with an LIC Life Insurance Agent?

There are many Jaipur LIC life insurance agent available. These agents are experts in the field of policy investments. While making such an investment, you should get in touch with an agent who can assist you in case of any problem or doubt. These agents also act as middlemen between the insurer and policy providing company.


Types of LIC Life Insurance Schemes


The following tables gives you a glance of what LIC life insurance agents have to offer.


LIC PoliciesApproximate Sum Assured
LIC Tech Term PlanRs.50,00,000 and above
LIC Jeevan UmangRs. 2,00,000 and above
LIC Jeevan AmarRs.25,00,000 and above
LIC Money Back 25 yearsRs.1,00,000 and above
LIC New Jeevan AnandRs.1,00,000 and above

Please Note:The prices mentioned above are indicative and subject to change.



Frequently Asked Questions



1. What exactly is life insurance?


Life insurance is a policy that pays out an amount of money upon the death of the insured person or after a certain length of time.

2. What is the full form LIC?


The full form of LIC is Life Insurance Corporation.

3. What exactly is LIC?


The Life Insurance Corporation of India is a legal insurance and investment corporation based in Mumbai, India.

4. What do LIC agents do?


A Life Insurance Corporation of India (LIC) agent is a person who sells life insurance and other insurance policies offered by the Life Insurance Corporation of India (LIC).

5. How can I find the nearest LIC Life Insurance agent?


You can discover the nearest LIC life insurance agent using our website, Justdial. Simply search for it on our local search engine 

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