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 ...

Best Online Term Insurance Plans on Premium (2014)


Looking to buy online term plan, check here the different term plans based on premium. ...

LIC’s Varishtha Pension Bima Yojana (VPBY) 2014 : Review


Government of India in the Union Budget 2014-2015, announced the revival of Varishtha Pension Bima Yojana. This Scheme is only available during the window from 15th August, 2014 to 14th August, ...

How to Register for LIC India Agent’s Portal?


LIC India Agent's Portal is excellent way to keep track of all sold LIC policies by an LIC agent. Once registered, agent can login to LIC portal and register his customers policies and then he can ...

Budget 2014 – Changes to Insurance Industry


Budget-2014

  1- FM proposes FDI raised to 49% from 26% in insurance through FIPB route. 2- Life micro-insurance schemes for the poor, approved by IRDA, where sum assured does not exceed Rupees ...

Life Insurer’s Claim Settlement Ratios for Financial Year 2012-13


As per IRDA Annual Report for Financial Year 2012-13, Life Insurance Corporation of India (LIC) has got – 95.66%, the highest claim ratio, followed by SBI Life – 92.30%. Lowest claim ratio is – 15.73% ...

How to deal with Bank, who is not opening Minor’s PPF Account?


Sumit had recently tried to open a PF account for his new born child. But the State Bank of India branch, where he has his PF account, declined to open the same. And said that PPF account for minor ...

LIC’s Online Term Insurance – e-Term : Review


Salient Features of LIC's Online e-Term Plan Positive Points of LIC's Online e-Term Plan 1- There is no maximum Sum Insured limit 2- You can pay the subsequent premiums online either through ...

How to Calculate Returns on LIC Policies (Part 2)?


First Read -How to Calculate Returns on LIC Policies (Part 1). Now take an illustration to calculate return of an LIC Policy. Case 1: Ramesh had LIC Policy for a Sum Assured = Rs 1,00,000 with ...

How to Calculate Returns on LIC Policies (Part 1)?


To calculate the returns on LIC Policies, first we need to understand various terms associated with this calculation. In LIC there are broadly two types of plans: I- Non Participating Plans: ...