LIC Plans for Doctors of Age Group 25 to 30 yrs

• Once you start earning at around 25 to 30  years of age your income keeps growing slowly. This is a stage.. where you build all the basic infrastructure for your practice like hospital, instrument. And House along with the major events like marriage, kids etc. happening in this stage of life. This stage normally continues till 42 to 45 years of age depending upon your branch. For some branches like Pediatrics or Dermatology, investment in instruments is relatively less whereas for some branches like orthopedics or cardiology, investment required in instruments is much higher. Here at this stage doctors also take many loans to set up infrastructure. A few points that I would like to make out for this stage which doctors should keep in mind are as following.
• Give priority to building hospital over house: Sometimes I have seen that as the income grows young doctors are more attracted towards building luxurious house and into that they delay hospital project or build smaller hospital. This is a wrong approach, once you decide to start your own practice, all your cash flow should be diverted to building a good and competitive hospital. When you delay your hospital project to build luxurious home, cost of the hospital project increases very fast and you also loose on income part and delay your practice by few years. Luxurious house can be built at a later stage also.
• Have maximum Insurance: 
  
  This is the stage where you have maximum liabilities and less amount of wealth so if anything goes wrong with you, your family will have to suffer a lot. So take maximum life insurance and Disability insurance at this stage of your life.

So we suggest the plan in which you get high risk cover at very low cost without losing money. This plan is suggestible to age group 25 to 30 years. 

Quotation given below is for age 30 years, is combination of endowment and term insurance. In this plan you will get high risk cover at very low cost and you will be refunded approximately same amount you paid in whole duration of policy.

At young age health is also standard so there will not be any health extra.



1) Risk cover = 26.50 lacs, Monthly Premium is around Rs.1000/-

2) Risk cover = 53 lacs, Monthly Premium is around Rs.2000/-

For details you can call us