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 ...

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 ...