LIC's New Jeevan Nidhi Plan is a conventional with profits pension plan (Deferred Annuity Plan) which also provides death cover during the accumulation phase and offers annuity on survival to the date of vesting. It has two phase - Accumulation Phase and Vesting Phase. In … [Read more...] about LIC’s New Jeevan Nidhi Plan : Review
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How to Buy LIC's Jeevan Akshay VI Online?
You can buy LIC's Jeevan Akshay VI policy offline (via LIC agent or from LIC Branch) or online. But we had recommended that to buy it online, to get 1% increase in the basic annuity rate. Why go for Online Buying Option? 1- Incentive for online buyer - 1% increase in the … [Read more...] about How to Buy LIC's Jeevan Akshay VI Online?
LIC's Jeevan Akshay VI : Review
It is an Immediate Annuity plan, which can be purchased by paying a lump sum premium amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Salient Features of Jeevan Akshay VI 1- Immediate Annuity Plan - Annuity starts … [Read more...] about LIC's Jeevan Akshay VI : Review
How NRIs can buy LIC Policies?
NRIs can buy LIC Life Insurance cover under Non-Medical (Special) scheme or Medical scheme, depending on their health, sum insured they are opting for and where (country) they are working - What is a Non-Medical (Special) Scheme? 1- Applicable if insurance is obtained during … [Read more...] about How NRIs can buy LIC Policies?
How to Pay LIC Premium Online (LIC Pay Direct), without Registering?
The old online premium payment process of LIC, ask you to register on LIC India website with a User ID and password. But If you forgot your user id and password then you have no option but to go to LIC branch and pay the premium. LIC now has introduced a new payment method - LIC … [Read more...] about How to Pay LIC Premium Online (LIC Pay Direct), without Registering?
How to Apply for a Duplicate LIC Policy?
To get the Duplicate Policy Bond from LIC of India, follow below procedure - Step 1- Advertisement in a Local Daily Newspaper If the LIC Policy is due for maturity or survival benefit within 3 years and if the sum assured is more than Rs.25,000, an advertisement in a Local … [Read more...] about How to Apply for a Duplicate LIC Policy?
How to Revive Lapsed LIC Policy?
Revival of Lapsed LIC Policy If the policyholder forgets to pay his premium on the due date, the LIC usually offers 'days of grace' (minimum 1 month - if mode of payment is Yearly/Half-yearly/Quaterly and 15days - if the mode is monthly). However, if the premium is not paid by … [Read more...] about How to Revive Lapsed LIC Policy?
LIC's Jeevan Vaibhav Plan – Review
LIC Jeevan Vaibhav is a single premium payment plan which offers a guaranteed maturity amount plus Loyalty additions (if any) at the time of maturity. The insurance cover would be 5 times of the premium amount. Basic Features of LIC Jeevan Vaibhav 1- Person between age … [Read more...] about LIC's Jeevan Vaibhav Plan – Review
LIC's 'Jeevan Ankur' : Review
LIC India’s Jeevan Ankur plan is an endowment insurance policy with optional riders for critical illness and accidental death benefits. Salient features of LIC’s Jeevan Anand 1- The minimum age of entry in this case is 18 years, while 50 years is the upper limit. 2- The … [Read more...] about LIC's 'Jeevan Ankur' : Review
LIC launches child plan – 'Jeevan Ankur'
LIC has launched new conventional child plan - 'Jeevan Ankur'. This product is designed to meet the educational and other needs of the child. A conventional, with profits plan, ‘Jeevan Ankur', covers the risk on the life of the parent and the named child shall be the nominee … [Read more...] about LIC launches child plan – 'Jeevan Ankur'