Things to Take Care 1. UMRN (Unique Mandate Registration Number) field should be left blank. 2. Tick Create Box for New Business & Conversion form Ordinary to NACH. 3. For New Business Cases Policy Number & Amount will be filled by LIC India officials. 4. Mobile … [Read more...] about How to Fill LIC NACH Form?
LIC India's Minimum Business Guarantee (MBG) norms for an LIC agent, during the agency year are : An agent has to achieve – EITHER 6 different lives AND Rs. 50,000/- First Year Premium Income (FYPI) OR 12 different lives OR Rs. 1 Lac First Year Premium Income … [Read more...] about What is Minimum Business Guarantee (MBG) norms for LIC Agents?
Now the LIC India policyholder can also update policy contact details in their policies online on the LIC portal. Step 1: Go to LIC India Website's “Help us to serve you better” Link. Step 2: Update Your Contact Details web page will open. Enter Policyholder's Full Name, … [Read more...] about How to Update your LIC Policy Contact details Online?
Most of us brought online/offline term insurance plans from various private companies. Let now learn the claim process: Step 1 - Notify the insurance company: You should contact the insurance company as soon as possible. You can use any method via email, phone, fax, letter … [Read more...] about How to File Claim under Online Term Insurance?
Membership to MDRT is based on agent productivity and includes criteria to meet certain level of premium, commissions or income during the year. For Court of Table (COT) and Top of Table (TOT), the criteria are even tougher with significantly higher commissions and premiums being … [Read more...] about How to Qualify (Commission, Premium & Income Requirements) for MDRT Membership – 2017?
Lifetime Renewability As per the new IRDAI - Health Insurance Regulations 2016 guidelines, each insurance company has to introduced lifetime renewability of all their health insurance policies. With the new guidelines, if you have a policy issued in your name, you can continue … [Read more...] about How IRDAI’s new Health Insurance Regulations 2016 affect Consumers?
Wanted to reduce your health insurance premium, you can do that by buying (or porting your existing policy to) these health insurance plans: Family Discount Apollo Munich’s Easy Health Individual Plan offers 5% discount for covering 2 members and 10% discount for 3 or more … [Read more...] about How to Reduce your Health Insurance Premium?
You can transfer the old car No Claim Bonus (NCB) or Discount to a new car by using any of the below two options: 1. If you are selling the car without the insurance, you can surrender the policy and ask insurance company for refund. The insurance company will refund you the … [Read more...] about How to Transfer Old Car No Claim Bonus (NCB) or Discount to New Car?
The new electronic mode KVP & NSC will have a new serial number which will not have spacing or hyphens anywhere. New Serial No of Kisan Vikas Patra: KVP will be issued in this format - KVP2016Q2DoP110001987654321 KVP2016Q2(DoP)(PIN Code)(Registration no.) KVP2016 - … [Read more...] about How to Read New Serial No of e-mode KVP & NSC?
What is "No Claim Bonus"? No Claim Bonus (NCB) or Discount is the benefit accrued by the policyholder if there is no claim lodged during the previous policy period. How much NCB you can Get? As per current insurance industry norms, it ranges from 20% to a maximum of 50%, based … [Read more...] about What is No Claim Bonus (NCB) and how it works?