LIC of India has declared Bonus rate on 23/08/2018 for all its with profit policies. Every year Actuarial Department of LIC do the valuation and declares the bonus rates. These bonus rates are applicable for policy year entered upon during the inter-valuation period i.e. 01/04/2017 to 31/03/2018 and in force for full sum assured as at 31/03/2018. It […]
Category: Life Insurance
Life insurance is a contract between a policyholder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.
Special campaign for revival of lapsed policies of LIC of India
Like past many occasions, Life Insurance Corporation of India (LIC) has come up with a new Revival Campaign with the motive of reducing lapsation of policies and renewing the relation with old policyholders. This special campaign is from 16/08/2018 to 15/10/2018. During this campaign, policyholders can revive their lapsed policies with concession in the late fee. […]
LIC policy enquiry-Just call LIC Customer Zone
Have any policy enquiry related to your LIC insurance policy, and you want to know the status and other details on the phone? Are you in a different city than where your policy servicing branch is and confused whether you will get all the details of your policy in another branch? If yes, then answer […]
LIC’s New Plan Bima Shree (Plan No. 848)
LIC of India is going to launch its new Life Insurance Plan Bima Shree (Plan No. 848). Bima Shree is a Non-Linked, with profit, limited premium payment money back policy which has the provision of guaranteed addition. Bima Shree is specially designed for High Networth Individuals having minimum basic sum assured of Rs. 1000000. Bima […]
LIC’s New Plan Jeevan Utkarsh (Plan No. 846)
LIC of India has launched its new Single Premium, Closed-ended plan Jeevan Utkarsh, Plan No. 846. This plan will be available for sale from 06/09/2017 up to 31/03/2018. LIC’s Jeevan Utkarsh is a Non-linked, with profits, saving cum protection plan in which risk cover is 10 times the single premium. Unique Identification of LIC’s Bima […]
Relaxations in club membership conditions for LIC agents
Life Insurance Corporation of India (LIC) has more than 12 lac agents. To motivate the agents, LIC has made different club according to the business procured by agents and club membership rules. These clubs mainly are, Distinguish Club, Branch Managers’ Club (BM Club), Divisional Managers’ Club (DM Club), Zonal Managers’ Club (ZM Club), Chairmans’ Club […]
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