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.

LIC may soon withdraw Jeevan Akshay VI

1 Comment / IRDA Updates, Life Insurance / Dipti R Barik

After the gazette notification issued by Insurance Regulatory and Development Authority of India (IRDAI) on 14/10/2015 for annuity plans offered […]

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Get all your LIC policy payments directly into your account through NEFT

36 Comments / Life Insurance / Dipti R Barik

Life Insurance Corporation is now sending all the payment to it’s policy holders through NEFT payment system. The payment under

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LIC of India's Bonus rate declared for 2015-16

15 Comments / LIC, Life Insurance / Dipti R Barik

LIC of India have declared Bonus rate for all its with profit policies. Evert year Actuarial department of LIC do valuation and

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LICMobile – A useful mobile app for LIC policyholders

4 Comments / Life Insurance / Dipti R Barik

With a increase in the use of smartphones, many financial institutions have come up with their mobile application to provide

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All you need to know about Non-negative claw-back Additions

1 Comment / Life Insurance / Dipti R Barik

As per the guidelines issued by Insurance Regulatory and Development Authority of India (IRDAI), barring the traditional insurance-cum-investment products, insurance

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