Let's compare LIC's Jeevan Anand plan with the combination of a term insurance plan (Kotak Life e-Preferred Term) and NSC. We have kept the sum assured same in both cases so that if an eventuality occurred the insured will get the same amount. Insured Age - 35 Years; Term - … [Read more...] about ‘Term Insurance + NSC’ is better than LIC’s Jeevan Anand
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LIC's Jeevan Anand : Review
LIC India’s Jeevan Anand plan is the combination of whole life policy and endowment insurance policy with little extra premium compared to Pure Endowment plan. The plan provides the per-decided Sum Assured and bonus at the end of the stipulated Premium Paying Term (PPT), but the … [Read more...] about LIC's Jeevan Anand : Review
All You Wanted To Know About Keyman Insurance
Key man insurance is a coverage that will protect company in the case of an untimely death or disability of a top salesperson, executive or business owner. Key persons are those within a business who are vital to the business’s profitability and continued financial success. There … [Read more...] about All You Wanted To Know About Keyman Insurance
How to change LIC Policy address?
To change the address of your LIC Policy, you have to write a letter to the serving branch Manager(from which the policy was taken or the branch that issued the policy), stating that you have moved your address and wants to update the new address in your LIC policy. This letter … [Read more...] about How to change LIC Policy address?
Comparison between LIC’s 'Jeevan Arogya' SBI Life’s 'Hospital Cash'
Benefits Both the plans are fixed benefit plans but LIC’s Jeevan Arogya gives more benifts then SBI Life’s Hospital Cash. Benefits offered under LIC’s Jeevan Arogya are 1. Hospital cash benefit (HCB) 2. Major Surgical Benefit (MSB) 3. Day Care Procedure … [Read more...] about Comparison between LIC’s 'Jeevan Arogya' SBI Life’s 'Hospital Cash'
LIC introduces Electronic Funds Transfer for all payments from 1st Oct
In order to ensure faster credit of policy monies with greater security and privacy, from 1st October'2011, LIC of India will be crediting all payments (i.e. Survival Benefit, Maturity, Loan, Surrenders, payments of Pension & Group Schemes etc., ) directly to the Bank Account of … [Read more...] about LIC introduces Electronic Funds Transfer for all payments from 1st Oct
Missed LIC Premium Payment, pay within 30 days, without any interest
If you have missed the LIC premium within the due date there is still time for you to make the payments without payment of interest on the premium. This period is called the Grace Period. (with the exception of some plans). 1. The grace period for policies where the premium … [Read more...] about Missed LIC Premium Payment, pay within 30 days, without any interest
How to check LIC policy’s ‘Surrender Value’ and ‘Loan Eligibility’ online?
How to check the 'Surrender Value' and 'Loan Eligibility' of your LIC policy online? 1. Visit licindia and register as a new user. If you are already registered login here 2. Login to your account and click “Enrol Policies” in the left menu. 3. Click “Click to Enrol New … [Read more...] about How to check LIC policy’s ‘Surrender Value’ and ‘Loan Eligibility’ online?
How to Surrender LIC Policy?
If you have bought a LIC endowment or money back plan and looking to surrender it for cash value. Here is how you can surrender your LIC policy – First Check - does your policy have a surrender value? Check the policy bond and other documents if the policy has a surrender … [Read more...] about How to Surrender LIC Policy?
LIC’s Jeevan Arogya : Review
Salient features of LIC’s Jeevan Arogya 1. The minimum age of entry in this case is 18 years, while 65 is the upper limit for principal insured. 2. Minimum Sum Insured 1,00,000 to Maximum Sum Insured 4,00,000. 3. Provides Fixed benefits for Hospitalization and almost all … [Read more...] about LIC’s Jeevan Arogya : Review