Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of ₹2,529,390 crore. The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalized the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation.
Like past many occasions, the Life Insurance Corporation of India (LIC) has come up with a new Revival Campaign. Basically, the motive of the campaign is to reduce the lapsation of policies and renew the relation with old policyholders. Therefore increase the persistency ratio. This special campaign is from 01/02/2023 to 24/03/2023. During this campaign, policyholders … Read more
LIC’s Jeevan Azad (Plan No. 868) is the name of the new life insurance plan of Life Insurance Corporation of India. Jeevan Azad is available for sale with effect from 19/01/2023. LIC’s Jeevan Azad is a Non-Linked, Non-Participating, Individual, Savings Life Insurance plan, limited Premium Endowment plan where the premium paying term is 8 years … Read more
LIC’s Dhan Varsha (Plan No. 866) is the name of the new life insurance plan of Life Insurance Corporation of India. Dhan Varsha is available for sale with effect from 17/10/2022. It is a close-ended plan and will be available for sale up to 31/10/2023. LIC’s Dhan Varsha is a Non-Linked, Non-Participating, Individual, Savings, Single … Read more
LIC Club Membership is one of the most important recognition systems for high-performing LIC agents. It is designed to recognise agents who consistently generate quality business, maintain their customer base and demonstrate professionalism in their agency. For an LIC agent, becoming a club member is not merely a recognition. Depending on the level of membership, … Read more
Do you have a LIC of India’s ULIP policy? Then it’s good news for you! Now you can switch funds online in LIC ULIP policies through LIC’s e-Services portal. Earlier the LIC policyholders had to give a written application in the branch to switch the funds in their ULIP policies. Now it made simple and easy … Read more
LIC’s Bachat Plus, this is the name of New Plan of Life Insurance Corporation of India, Plan No. 861. Bachat Plus is a Non-Linked, Participating, Individual life insurance savings plan. LIC’s Bachat Plus offers two premium payment options and those are, single premium and 5-year premium paying terms. This plan is available for online as … Read more
Bima Jyoti, this is the name of New Plan of Life Insurance Corporation of India, Plan No. 860. Bima Jyoti is a Non-Linked, Non participating, Individual life insurance plan. Premium payment is available for limited-term ie 5 years less than the policy term. Bima Jyoti has the provision of Guaranteed addition of Rs. 50 per … Read more
Yet another good news for the policyholders of LIC of India! Now you can view the images of your LIC policy in DigiLocker. If you do not know about DigiLocker, DigiLocker is a flagship initiative of the Ministry of Electronics & IT (MeitY) under Digital India Corporation (DIC). DigiLocker aims at the ‘Digital Empowerment’ of citizens by … Read more