LIC Branches in Chandigarh - LIC Chandigarh - LIC Branches in India

LIC Branches in Chandigarh

Branch Name	LIC Branch Office	LIC Branch Code	Address	Pincode
Chandigarh	LIC Branch Office	163	Unit-1, JEEVAN DEEP BUILDING, SECTOR 17-B, CHANDIGARH	160017
Chandigarh	LIC Branch Office	180	Unit-2, JEEVAN PARKASH BUILDING, SECTOR 17-B, CHANDIGARH	160017
Chandigarh	LIC Branch Office	168	Direct Agent Branch, SCO 7-A, SECTOR 7-C, CHANDIGARH	160019
Chandigarh	LIC Branch Office	20N	SCO 810, CHANDIGARH KALKA ROAD, MANIMAJRA	160101
Chandigarh	LIC Branch Office	190	Career Agent Branch, SCO 1110-1112, SECTOR 22-B, CHANDIGARH	160022
Chandigarh	LIC Branch Office	1122	Unit-111, SCO 343-345, SECTOR 34-A, CHANDIGARH	160035
Chandigarh	LIC Divisional Office	D016	Divisional Office, JEEVAN PARKASH BUILDING, SECTOR 17-B, CHANDIGARH	160017
Chandigarh	LIC P&GS Unit	G102	P&GS Branch, JEEVAN PARKASH BUILDING, SECTOR 17-B, CHANDIGARH	160017
Chandigarh	LIC Satellite Office	163T001	SCF 389, First Floor, SECTOR 37-B, CHANDIGARH	160036
Chandigarh	LIC Satellite Office	180C001	2455-56, SECTOR 22-C, CHANDIGARH	160022

LIC Branch 64Y - Trimulgherry - Secunderabad

LIC Branch 64Y 

Plot Sy No 72/P & 82/P

Besides Apseb Sub Station, Gunrock Trimulgherry, Secunderabad.

 Secunderabad, Telangana  - 500015

email id: bo_64Y@licindia.com

website : www. licindia.in

LIC Chennai - Premium collection center - Ashok Nagar,

LIC of India Premium collection center, Chennai  

No 22, A3, TRB Complex 1st Floor, 

1st Avenue, Ashok Nagar, 

Near Ashok Pillar Signal & Hotel Saravana Bhavan

Chennai - 600083, 

Contact : 044-38091259, 9816312429

LIC Branch 70S - Egmore - Chennai - Tamil Nadu - 600 008

LIC of India Egmore Branch, 

LIC Branch -70S,  Chennai City Branch - 26,

No 140, Marshall Road, Egmore, Chennai - 600008, 

Landmark: Near Government Eye Hospital

Phone - 044 - 23450326, 23450336, 

email: bo.70s@licindia.com

Website: https://licindia.in/

LIC Branch in Channapatna - LIC Premium payments - LIC Branch office - LIC 610 Branch

LIC Branch in Channapatna - 601

640/1, Chikkamalur,
Bangalore Mysore Highway
Channapatna,  

Karnataka, Pin Code: 571501

Ph No.: 080-7200296, 

Email id:bo_601@licindia.com

LIC Branch 36A - LIC KR PURAM Branch - LIC Bangalore

LIC Branch 36A 

Lakshmi Complex, #41 Opp Syndicate Bank, 

Old Madras Road. Krishnarajapuram, 

Bangalore. 

Phone: 80-22966891 

Email: bo.36a@licindia.com

Website: www. licindia.com

LIC JEEVAN SHANTI PLAN

*Terrific Twenty Reasons for big money flowing  in Jeevan Shanti !*

👉Due to COViD there has been contraction of the economy. Business men are apprehensive about future and hence are not investing more monies in business. They are also worried about future income. Hence many are investing in Shanti to secure their future and get steady guaranteed income. Big investments in Tiruppur and Salem are testimony to this fact

👉Non resident Indians are worried about the continuation of their employment abroad, hence they are investing in Shanti, so that when they come back to India they have steady source of income. Big investments in Trivandrum and Ernakulam are examples 

👉Many retirees are apprehensive about falling interest rates and are investing in Shanti to get steady guaranteed income. The huge flow in Urban areas are examples

👉Many young professionals want to retire early. They are using deferred option in Shanti to create steady income flow after early retirement

👉Natural calamities like flood and earthquakes combined with the sluggishness in real estate market are forcing people to invest in financial assets and they are investing in Shanti to generate steady returns 

👉Debt fund investors in mutual funds suffered huge value erosions recently due to defaults and they are moving their monies to Shanti for safety and steady income 

👉Share market valuations are unreasonably high and people are booking profits and moving the monies to Shanti

👉The demand for gold has gone done due to high prices and change in psyche of younger generation. They prefer less ostentatious and inexpensive fancy ornaments. These monies are moving to Shanti 

👉Ostentatious weddings have stopped. Savings moving to Shanti 

👉Middle and upper middle class people are choosing various deferment periods to get their desired returns and are investing small amounts of ₹10-₹15 lac. Many in Kerala by default chose 20 year deferment period to avail 18% annuity

👉Employers are investing in Shanti under Employer Employee scheme to earn the loyalty of employees as well as provide for their pension

👉Parents with special children are using Shanti to create steady income for their children using the concessions given in Shanti 

👉Joint life option used by elders to provide for their spouses and their children and the investment benefits three generations 

👉Jeevan Shanti can be assigned and hence many are using it to provide collateral for availing loans

👉 Trusts are investing big monies in the names of principal trustees and getting it assigned to the Trust to receive steady income 

👉Rich people are using Marriage Women Propety act, so that the capital and annuity belongs to the Trust and the creditors can not attach it

👉HUF are investing in Shanti to generate steady returns .

👉🏼 Option for joint life  ensures benefits for 3 generations. 

👉🏼 Liquidity by way of loans is a special feature in this pension product . 

👉🏼 10 attractive options available .

LIC of India, Samastipur Branch Office. LIC Branch code : 535

LIC Branch 535

LIC of India, 
Samastipur Branch Office
Kashipur Mohalla. , 
P O And Dist Samastipur
Bihar - 848100

Phone: 06274-222440
Email ID: bo_535@licindia.com
Website: www.licindia.com

LIC Premium collection center, Thanisandra Main Road, Bengaluru, Karnataka

LIC Premium Collection Centre
1st Floor, Ratnamma Laxman Building,
Aswathnagar Bus Stop, Thanisandra Main Road,
Next to DTDC Domestic & International Courier,
Bengaluru, Karnataka - 560 077.

Phone: 093435 38081
Hours or services may differ, please confirm and go. 

LIC Premium point Vijaya Nagara, Bengalur, Karnataka, India

LIC Premium Point,
161/1,8TH MAIN, 18TH CROSS, 
OPPOSITE TO VIJAYANAGAR WATER TANK, 
Near Union Bank, Bengaluru, Karnataka 560040
Phone: 096110 21550

Hours or services may differ, please confirm and go.

LIC PREMIUM POINT BSK 2ND STAGE, Bangalore, Karnataka

LIC of India,

Address: 1504, 25th Main Rd, 
Banashankari Stage II, 
Banashankari, Bengaluru, 
Karnataka 560082

Phone: 099003 98400

LIC Premium point, Krishnarajapuram, K R Puram, Bangalore, Karnataka

LIC Premium Point, K R Puram 

Address: #37
Yogashema Munibayrappa layout
Maragondanahalli post,
Krishnarajapura, Bengaluru,
Karnataka 560036

Phone: 093412 29393
Hours or services may differ, please call and confirm

LIC of India online services

LIC of India's official website is http://www.licindia.in and http://www.licindia.com. Existing policyholders, new policyholders, those who want any info on LIC plans or for any services can visit any one of the above-given websites. 

LIC policyholder can get the following services at the website :

• Registration for e-Services
• Online payment facilities
• Policy schedule
• Policy status
• Bonus status
• Loan status
• Claims status
• Revival Quotation
• Premium due calendar
• Premium paid certificate
• Claim history
• Policy Bond/Proposal form image
• Grievance registration
• Process of various services and online forms
• Locators
• FAQs

LIC TAX SAVING PLANS

LIC Tax Saving Plans 

LIC Tax saving plans with life insurance and tax saving under section 80Cis the best option for saving tax under section 80C of the Income Tax Act. LIC Tax Saving plans are available from 0 age. Tax Saving plans from LIC of India is 100% safe and guaranteed*.

Kindly read the offer documents before signing the policy documents.

Indian Income Tax rules are as follows : 

No Tax up to Rs. 2, 50,000/-.

• From Rs. 2,50,001/- to Rs. 5,00,000/- the tax would be 5%,

• Rs.5,00,001/- to Rs.10,00,000/- the tax would be 20%

• Rs 10,00,001/- and above the tax would be 30%

Not having a good Life Insurance policy is a matter of concern. Life Insurance should not be considered only for Tax Saving but also for insuring life. There are many instruments for Tax Planning like PPF, Mutual Funds, Postal Savings etc., but Life Insurance plays a major role in policyholders life as a lifelong companion.

Other investments would be able to fulfil your aim only on reaching the final years but Life Insurance policy would help your family members to meet their goals he leaves the world also. Life Insurance should be at #1 place in your investment list. You may be doing much investment in your life for dependent but nothing can be life LIC policy.

Benefits of LIC TAX SAVINGS PLANS

• All Premiums paid under LIC Insurance Policies* are eligible for tax exemption under section 80C.

• A Person can invest up to Rs.1,50,000/-under section 80 C which includes Life Insurance premium, PF, Tuition fee etc.,

• The Survival Benefit amount received under MONEY BACK Plans is Tax-free under section 10(10d).

• Any amount received from LIC like survival benefits, Maturity, Death claim are 100% Tax-free under Section 10(10d).

The best tax saving plans

• LIC Jeevan Umang

• LIC Jeevan Anand

• LIC Jeevan Labh

Never sign the Insurance proposal without getting full information about the Insurance Advisor.

LIC Jeevan Umang plan 845

LIC Jeevan Umang Plan 845

           LIC Jeevan Umang is non-linked, whole life assurance plan with profits. This plan provides annual survival benefits at the end of the completion of premium payment up to 100 years of age and a maturity lump sum amount at maturity of term or death of the policyholder during the term.

           LIC Jeevan Umang Plan 845 was recently launched in the market and came into effect from 16th May, 2017. This plan is similar to Jeevan Tarang Plan.

           LIC Jeevan Umang is a whole life product i.e. it provides life coverage up to 100 years of age. A whole life plan is a life insurance plan which remains throughout the lifetime of the policyholder. There are various companies which have offered maturity and death benefits under such a policy,LIC is one of them.

Features 

• It is whole life insurance plan i.e. for 100 years
• 8% of the Sum Assured is paid as money back at the end of the term
• Large Sum Assured available under this plan.
• Benefits like LIC Accidental Death Disability Benefit Rider and Term Rider are available under this plan.
• Simple reversionary bonus is payable on maturity or early death.
• Suitable plan for pension.
• Premiums paid are exempted from income tax under 80c.
• Maturity amount is tax free under 10 (10D).

Eligibility Conditions

Age at Entry	90 Days (Completed)
Premium Paying Term (PPT)	15, 20, 25, & 30 Years
Maximum Age at Entry in Years (As per Nearest Birthday)	55 for 15 PPT
	50 for 20 PPT
	45 for 25 PPT
	40 for 30 PPT
Age at Maturity	100 Years (Nearest Birthday)
Policy Term	100 - Age at Entry
Basic Sum Assured	2,00,000 and above in multiples of 25,000
Premium Paying Mode	Yearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only)
Premium Mode Rebate	2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly

Benefits 

Death benefits

           On death before commencement of risk an amount equal to total amount of premium paid is given without any interest. On death after the commencement of risk a definite sum of Sum Assured on Death and vested Simple reversionary bonuses along with final additional bonus are given. Sum Assured on death is highest as it is 10 times of annualised premium or sum assured on maturity or absolute amount assured to be paid on death i.e. Basic Sum Assured. Premiums paid are tax free and free from any extra chargeable amount or rider premium.

Survival addition

           On the completion of the premium paying term (PPT), provided that all the due premiums have been cleared, an amount equal to 8% of basic sum assured is paid to the policyholder every year till maturity. The survival benefit payment is paid at the end of the premium paying term and on successful completion of every subsequent year till the policyholder survives or policy anniversary prior to the date of maturity.

Maturity Benefit

           On the successful completion of the term policy i.e. when all the due premiums have been paid, Sum Assured on Maturity along with vested reversionary bonuses and final additional bonus is paid. Here the sum assured on maturity is equal to basic sum assured.

Accidental and Disability benefit rider

           LIC’s accidental death and disability benefit rider is an optional rider available on payment of extra premium. This benefit can be availed any time during the premium paying term provided that the outstanding premium paying term is at least 5 years. Here the age nearer birthday of life assured should be 70 years and benefit is payable on the policy anniversary. If this benefit is chosen, an additional amount equal to accidental benefit sum insured is payable on death due to accident, provided that the rider is inforce at the time of accident. In case of permanent accidental disability an amount equal to Accident benefit sum is paid if the form of equal monthly installments spread over a period of 10 years and future premiums for Accident benefit sum assured along with premium for the portion of Basic sum assured is also given. If the assured dies before the expiry of the given period of 10 years, then in this case disability benefit installments which have not fallen due are paid along the claim amount.

Date of commencement of risk

           If the entry age of assured is less than 8 years of, then the risk under this plan will begin either one day before the completion of 2 years from the date of inception or one day before the policy anniversary, immediately following the completion of 8 years of age. For those aged 8 years and above, risk will start immediately.

Additional Information

• Loan Facility: The Life Assured can avail the Loan Facility under this Plan.
• Risk Coverage: This option is available until the end of the Policy Term.
• Riders: The LIC Jeevan Umang has rider option facility.
• Cooling off period: The Policy can be returned within 15 days if the Life Insured is not satisfied with the Terms and Conditions of the policy.
• Suicide Clause: If the Life Assured commits suicide within 12 months, 80% of the premium paid will be returned.
• Policy Revival: The Policy can be revived within 2 years from the date of first unpaid premium.
• Nominations/Assignments: The LIC Jeevan Umang provides Assignments and Nominations in this plan.