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Thread: With and without profit LIC policies?

  1. #1
    PolicyWala Newbie
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  2. #2
    PolicyWala Member
    Join Date
    Feb 2009
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    Gurgaon
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    Default

    As per LIC Website -

    A with profit policy is entitled to get bonus (profit) declared periodically by the Insurance Company. Whereas a without profit policy does not give any bonuses (profits). But recently LIC has introduced some without profits policies with guaranteed additions and loyalty additions. These are specific policies may also be considered as with profit policies.

  3. #3
    NewBie
    Join Date
    Aug 2009
    Location
    India
    Posts
    14

    Default

    With-Profit policy
    Policies entitled to bonus, which is paid at the time of claim-death or maturity one with-profit policies.

    Without-Profit policy
    These policies are not entitled to particiapte in bonuses.


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