Life Insurance Corporation of India (LIC of India) declares bonus and final addition bonus (FAB) rates every year. This is added in the LIC policy account of respective policy holder. Bonus rates are declared based on valuation of LIC’s business. What is a Bonus? Bonus is the … [Read more...] about What is LIC bonus and how it’s paid?
You had registered to LIC India Online login with your work email ID or forgot the email ID, you are registered with. Now when you are asking for new password, it is sending new password at your previous e-mail ID, but you don't have access to your old email id. You cannot update … [Read more...] about How to Update Registered Email ID of LIC Online Login?
You can change LIC policy address offline and online. To change the LIC Policy address online, you need to first register your LIC policy for online services at LIC Login portal. Please check all the steps below: Step 1. Visit licindia and register as a new user. If you are … [Read more...] about How to Change LIC Policy Address Online?
There are two types of Age Proof accepted and needs to be submitted for buying a LIC Insurance Policy: 1- Standard Age Proof 2- Non-Standard Age Proof 1. Standard Age Proof The following certificates or documents are accepted as standard age proof: • Certified Extract from … [Read more...] about What is a Valid Age Proof for LIC Policy?
LIC India has launched the new ULIP Plan - New Endowment Plus (Table No.835). This is a first ULIP plan by LIC, since IRDAI issued new ULIP guidelines. Sailent Features of LIC’s New Endowment Plus Plan Minimum Entry Age: 90 Days (completed) Maximum Entry Age: 50 years … [Read more...] about LIC’s New Endowment Plus Plan (Table No.835) : Review
What is Suicide? Suicide is defined as the intentional killing of oneself. Life insurance policies refer to suicide simply as "suicide," or as "intentional self-destruction," or "death by one's own hand." What are Life Insurance Policy Suicide Clauses? There are certain … [Read more...] about How Life Insurance Company pays Claim in Suicide Cases?
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 criteria immediately. Steps to follow: 1- Go to LIC Insurance Advisor 2- … [Read more...] about Which LIC Insurance Policy should I buy?
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 couldn't find any LIC Receipt, policy bond, paper work or detailed information. In … [Read more...] about How to find Unclaimed and Outstanding amounts of LIC Policies Online?
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 policy amount and time period of the policy. The eligible loan amount is calculated … [Read more...] about How to Take Loan against 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 form/voucher for filling various details in it. The policyholder has to sign … [Read more...] about How to File Maturity Claim for a LIC Policy?