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.
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
With recent changes in the interest rates, Life Insurance Corporation of India has closed its annuity plan Jeevan Shanti with effect from 20/10/2020. It is now relaunched the Deferred annuity plan New Jeevan Shanti. The plan number for New Jeevan Shanti is 858. This newly modified plan is available for sale from 21/10/2020. LIC’s New … Read more
LIC Money Back Policy the most sold policy. These policies are more popular in rural areas than in urban due to payout at a regular interval during the policy term. Since the inception of the LIC of India, these policies are available for sale with different features. There are many money back policy still serviced … Read more
देश की सबसे बड़ी बीमा कंपनी भारतीय जीवन बीमा निगम द्वारा दिनांक 17/09/2020 को अपनी सभी लाभ में सहभागी पॉलिसियों (with profit policies) के लिए देय बोनस दरें घोषित कर दी गयी हैं। ये बोनस दरें अंतर-मूल्यांकन अवधि 01/04/2019 to 31/03/2020 के दौरान की गयी पॉलिसियों में देय होगा जो कि दिनांक 31/03/2019 को पूर्ण … Read more
Final Additional Bonus (FAB) is an additional bonus which is paid in LIC policies, other than the simple reversionary bonus. Final Additional Bonus is paid only once in the policies at the time of Maturity claim or discounted claim or death claim. The final additional bonus depends upon the sum assured in policy and term … Read more
Bonus rates of LIC of India for the year 2020-21 have been declared for all its participating policies. Loyalty Addition (LA) of all the eligible policies are declared too, including Jeevan Saral (Plan No. 165). Loyalty addition in Jeevan Saral Policy is available when the policy exits through death, maturity, or surrender after 10 years … Read more
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Life Insurance corporation of India is going to launch its new immediate annuity plan Jeevan Akshay VII (Plan No. 857). Jeevan Akshay VII is a Single Premium, Non-linked, Non-participating, Individual immediate annuity plan. This plan is available for sale from 25/08/2020. This plan will be having 10 immediate annuity payment options to choose from (Option … Read more