LIC Agent Oshiwara

Oshiwara sits between Jogeshwari West and Goregaon West, and many people here work on contracts, projects or freelance assignments. When work comes in bursts, insurance planning needs a slightly different approach. If you are searching for an LIC Agent in Oshiwara, I can help you plan around that.

I am S. Kulkarni, and the office I work from is in Goregaon West at Shivanand, on Swami Vivekanand Road near Samrat Talkies. For Oshiwara residents, a phone call is often the easiest first step.

LIC Agent Oshiwara: planning for project-based income

Freelancers and contract workers usually do not have employer group insurance or a regular pension. That means you need to arrange your own life cover and retirement savings.

A few things I usually suggest:

• Keep the premium at a level you can pay even in a quiet month
• Choose yearly mode if your income arrives in large payments
• Put life cover first, then add savings plans
• Review your policies every few years as income changes

What I help with

• Working out a sensible life cover amount
• Choosing between term, endowment and money-back plans
• Planning for children’s education
• Retirement and annuity planning
• Updating nominees and contact details
• Guidance on lapsed policies, maturity and claim documents

I will explain the terms clearly, including the cost of stopping a policy midway. Returns and claims depend on LIC’s rules and the plan terms.

Planning areas

Family protection

For someone with dependents, a term plan like Jeevan Amar is a good starting point.

Savings

When income is good, some people like to lock part of it into a plan with a maturity benefit. Plans like Jeevan Lakshya can be considered. We will check the full premium commitment before choosing.

Retirement

Without an employer pension, you will need your own plan. We can discuss pension and annuity options.

Existing policies

If a policy lapsed during a slow period, it may still be possible to revive it within LIC’s allowed time. I can check this for you.

Setting aside premium money in good months

One habit that helps freelancers is to set aside the insurance premium as soon as a big payment comes in. If your yearly premium is due in July but most of your income comes in March, keep that amount aside in March itself. This way, a slow month never forces you to let a policy lapse. I can help you line up premium due dates with the months when your income usually arrives.

People working along New Link Road and near Ram Mandir station ask for similar advice.

Frequently asked questions

Contact S. Kulkarni

See the main Goregaon LIC advisor page for more.