Which LIC Insurance Policy should I buy?

This question is always in your mind, when you are planning to buy a LIC policy. But now LIC has solved this problem. You can use LIC Online Insurance Advisor and get plan options based on your ...

How to find Unclaimed and Outstanding amounts of Pvt Life Insurers Policies Online?

In India, Rs 6,700 crore is lying unclaimed with Indian private and public insurance companies at the end of March 31, 2014. Among Pvt life insurers, Reliance Life has the maximum unclaimed amount of ...

How to find Unclaimed and Outstanding amounts of LIC Policies Online?

You are in a difficult position, where you parent/relative passed away unexpectedly and you were unable to locate his LIC India life insurance policy. Despite an exhaustive search at home, you ...

What is the Maximum Exemption allowable under 80C for Life Insurance Premium Paid?

Section 80C of the Income-tax Act, in section (3), sub-section (3A) - (3) The provisions of sub-section (2) shall apply only to so much of any premium or other payment made on an insurance policy, ...

How to Take Loan against LIC Policy?

Who is eligible? Only the policyholder, who is holding LIC India policy for more than three years is eligible to avail loan. How much loan could I take? LIC Loan amount varies depending on the ...

How to File Maturity Claim for a LIC Policy?

Where a life insurance policy is maturing, the LIC India will usually sends advance intimation (two to three months in advance of the date of maturity) to the policyholder along with a blank discharge ...

How to File Death Claim for a LIC Policy?

Step 1: Intimation of Death to LIC You could report your claim by phone, mail, fax or e-mail as soon as possible. When you call, please have the following information on hand: 1- Name of the ...

What’s in Insurance Laws (Amendment) Bill, 2015?

Insurance Laws (Amendment) Bill, 2015 amend the Insurance Act, 1938 and the General Insurance Business (Nationalisation) Act 1972 and the Insurance Regulatory and Development Authority Act, 1999. It ...

Budget 2015 – Changes to Insurance Industry

1- A personal accident plan "Pradhan Mantri Suraksha Bima Yojana", will be launched, which will provide an accident cover of Rs 2 lakh for an annual premium of Rs 12 or Re 1 / day. 2- A life ...

How to Change LIC Premium Payment Mode (or Frequency)?

LIC policyholders can choose any mode or frequency of payment of premiums of their choice (monthly, quarterly or yearly) at the time of commencement of their policy. Later on, if required by ...