LIC Plans

Any Traditional policy of LIC OF INDIA can be surrendered only after 2 years from DOC ( Date of Commencement) of the LIC POLICY. In ordered to surrender the LIC POLICY, the LIC POLICYHOLDER needed to submit the surrender form duly signed by the POLICYHOLDER on the 1st and 2nd…

LIC OF INDIA is the biggest life insurance company in India operating since 1956 with more than 2000 branches and offices. To change a LIC BRANCH for your LIC POLICY is very easy. Simply write the mail or give a written request to your home LIC BRANCH mentioning the name…

In the time of uncertainty, People wants to have regular & fixed income but it is almost impossible to get regular, fixed and  hassle free income lifetime. Business man who have doing good and wants a security for their family can opt for these plans as you never know what…

How to choose life insurance company and its policy? There are various life insurance companies operating in India, every day a new company is planning to set up its operations in India. India is the 2nd largest country in the world population wise (1,210,193,422 as on March 31, 2011) and…

In India, 23 different companies operating as on 1st Jan 2011, including LIC OF INDIA. All other insurance companies started their operation after the year 2000. All these companies offers variety of plans. LIC OF INDIA is the largest insurer in India operating since 1956, it has launched more than…

  India Infrastructure Finance Company Ltd (IIFCL) and Life Insurance Corporation (LIC) have drawn up plans to invest Rs 10,000 crore during 2011-12 in the infrastructure sector, through the take-out financing route.   They have agreed to jointly buy out up to 40 per cent of infrastructure loan portfolios of…

The government-owned Life Insurance Corporation of India (LIC) has registered a six per cent increase in market share to 78 per cent of all new life insurance policies bought by customers since April 1 during the current financial year. LIC’s market share at the end of March 31, 2011, had…

MUMBAI: Life Insurance Corporationwill sell its policy through the internet for the first time soon with the launch of a pure term plans”We are in the process of designing a pure term product which would be sold through both online and through agents,” LIC’s ED- marketing S Roy Chowdhury. “The…

After a gap of two years, Life Insurance Corporation of India (LIC) has raised bonus by up to 15 per cent for 2010-11. The country’s largest life insurer, which reported a 10.3 per cent rise in net actuarial surplus at Rs 22,716 crore for 2010-11, compared to Rs 20,586 crore…

Jeevan Arogya is the first defined health insurance product to be introduced by India’s largest life insurance company, LIC of India. It will pay the customer a fixed daily cash amount as well as cover specific surgeries. The product is a Hospital Cash Benefit Plan (HCB) that offers daily hospital…

Three years ago, Mumbai-based Ashish Shah bought a family floater health cover for Rs 5 lakh. This year, he was in for a shock when his insurer decided to raise the premium from Rs 5,415 to Rs 26,719 despite the fact that he had made no claims.  But Shah did…

BS Reporter / Mumbai June 11, 2011, 0:50 IST Mukesh forays into insurance. Reliance Industries on Friday took yet another step of building a financial services empire by agreeing to buy out the Bharti Group from its insurance joint ventures with French insurer Axa. Sunil Mittals’ Bharti held 74 per…