LIC

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.

LIC’s New Plan Bima Shree (Plan No. 848)

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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 Shree provides guaranteed addition at the rate of Rs 50 per thousand sum-assured in first five policy year and from the 6th year up to premium payment term Rs. 55 per thousand sum-assured. Unique Identification Number (UIN) of Bima Shree is 512N316V01

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LIC’s New Plan Jeevan Utkarsh (Plan No. 846)

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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 Diamond Plan is 512N313V01.

Update: Jeevan Utkarsh (Plan 846) Policy is now available for sale up to 02/06/2018.

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Relaxations in club membership conditions for LIC agents

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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 (CM Club), Newly introduced Galaxy club and Corporate Club.

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LIC Cancer Cover (Plan No. 905 )

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Indian Life Insurance Giant Life Insurance Corporation of India is going to launch its new health insurance related policy LIC Cancer Cover, Plan No. 905 on 14/11/2017. The Unique Identification Number of the LIC Cancer Cover Plan is 512N314V01. This policy will also be available for online sale on LIC of India’s Portal It is a … Read more

LIC's New Plan Bima Diamond (Plan No. 841)

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lic-bima-diamond

This year from 01/09/2016 Life Insurance Corporation of India (LIC) is celebrated it’s Diamond Jubilee year. On this occasion, LIC had launched plan “Bima Diamond” Table No. 841. This policy is available for sale up to 31 August 2017. LIC’s Bima Diamond is a Non-linked, with profits,  limited premium payment money back plan. It provided money back at an interval of every 4th year. LIC’s Bima Diamond provided extended life cover up to the half of the policy term after the completion of the policy term. Unique Identification of LIC’s Bima Diamond Plan is 512N307V01.

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LIC’s New Plan Jeevan Umang (Plan No. 845)

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Jeevan Umang (Plan No. 845)

Life Insurance Corporation of India is going to launch its new plan Jeevan Umang (Plan No. 845) on 16/05/2017. LIC’s Jeevan Umang is non-linked, with-profits, whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and lump sum payment at the time of maturity or on the death of the policyholder during the policy term.

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