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.
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
भारतीय जीवन बीमा निगम की निवेश प्लस एक एकल प्रीमियम, गैर-सहभागिता, यूनिट लिंक्ड, व्यक्तिगत जीवन बीमा योजना है। यह एक जीवन बीमा योजना के साथ साथ एक निवेश योजना भी है। दूसरे शब्दों में, आप पॉलिसी अवधि के दौरान जीवन बीमा कवर और रिटर्न दोनों का आनंद लेते हैं। एलआईसी का निवेश प्लस ऑनलाइन के साथ-साथ ऑफलाइन भी बिक्री के लिए उपलब्ध है।
When did you last checked your insurance policy status? Do you find this question a little awkward? If yes, then you must check your policy status right away, whether Life Insurance or General Insurance. The Incident I clearly remember an incident, when I got a call in the night couple of years ago from my … Read more
LIC’s Nivesh Plus is a single premium, non-participating, Unit linked, Individual Life insurance plan. This an insurance cum investment plan. In other words, you enjoy both life insurance cover and returns together throughout the policy term. LIC’s Nivesh Plus is available for sale online as well as offline.