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 deceased. 2- The policy number(s). 3- The date of death. 4- Your relationship with … [Read more...] about How to File Death Claim for a LIC Policy?
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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 policyholder the mode or frequency of payment of premiums can be altered to higher or … [Read more...] about How to Change LIC Premium Payment Mode (or Frequency)?
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, 2015. Key Features of the VPBY Scheme 1- Available to Indian citizens aged aged 60 … [Read more...] about LIC’s Varishtha Pension Bima Yojana (VPBY) 2014 : Review
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 also track their policy status including dues, next premium payment date, maturity … [Read more...] about How to Register for LIC India Agent’s Portal?
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 net-banking/credit card/debit card 3- Premium Rates are different for smokers … [Read more...] about LIC’s Online Term Insurance – e-Term : Review
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 Policy Term = 5 years (Date of Commencement - 28/08/1999). He was paying premium … [Read more...] about How to Calculate Returns on LIC Policies (Part 2)?
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: Plans which have no Maturity Sum Assured, needless to say no share in surplus … [Read more...] about How to Calculate Returns on LIC Policies (Part 1)?
How to Pay LIC Premium via ECS/Direct Debit?
What is ECS/Direct Debit Payment? ECS is Electronic Clearance Service. This is a facility by which premium is deducted by bank at pre-decided date and remitted to LIC. To avail of ECS facility, policy holder submits mandate form to LIC and also authorizes bank to deduct premium. … [Read more...] about How to Pay LIC Premium via ECS/Direct Debit?
LIC’s Jeevan Sugam Plan : Review
LIC's Jeevan Sugam Plan is a Single Premium non-Participating Endowment Plan (without Bonus facility). This is a close ended plan and available for sale only for 45 days from 25th February 2013. Sailent Features of LIC's Jeevan Sugam Plan Death Sum Assured (in Rs.) 10 X … [Read more...] about LIC’s Jeevan Sugam Plan : Review
LIC’s Flexi-Plus ULIP : Review
LIC's Flexi-Plus is a unit linked insurance plan (ULIP), which offers two fund options - Debt and Mixed. However, the equity component in the product will not exceed 25%, which means that its returns will be capped. Salient Features of Flexi-Plus ULIP Minimum Age at … [Read more...] about LIC’s Flexi-Plus ULIP : Review