LIC Branches All India with LIC Branch code, LIC Branch Address, LIC Branch contact number, LIC Branch email id, LIC website, LIC premium payment online and mainly to help online search for other useful information on the web.
Insurance plans are another way of making money. It helps the proposer to insurance, invest, save tax and get tax-free returns at the end. The insurance policy is designed in such a way that it suits the occasion and requirement. Let it be childbirth, children's education, higher education, or marriage plans there is a plan to match the requirement at all stages.
LIC India plans, one for everyone
Most of the Insurance plans are returns based as Term plans are not very popular in India like in Western countries. In India, Term plans are very cheap and are considered by frequent flyers and HNIs only.
LIC new plans are available now :
Endowment Plans
Whole Life Plan
Money-Back Plans
Single-Premium Plans
Term Plans
Pension /Annuity Plans
Health Plans
Children Plans
Endowment Plans
These plans are very simple in nature fulfilling basic needs. Available for all ages. Depending upon the requirement the proposer has to choose. Riders can be added like Double Accident cover, Term rider benefits etc.,
Children plan
Children's education is a must for the future of the country. Child plans are planned to give benefits when they become 18 years of age. Once the child becomes major, a Bank account has to be opened and then LIC of India start transferring the benefits to the child which can be utilised for further education, marriage purposes etc.,
Whole Life Plans
As the word describes these kinds of policies cover the policyholder for the whole life. Plans like LIC Jeevan Anand, and LIC Jeevan Umang plan to continue till life ends. These plans pay lumpsum then life cover and Pension would continue. These plans insurance life and pay a lump sum to the nominee on death at the end.
Money-Back Plans
Money-back plans give back cash benefits at every 5-year gap. This plan is very useful for everyone as the money invested would be blocked for a long time. As cashback is set by the insurer for every 5 years, parents can plan for their child's education, any foreseen expenses etc.,
Health Insurance plans
Health is Wealth. This is known to everyone but in recent years this has become a mantra for everyone. More than Life Insurance, Health Insurance has become very essential. A person can live without life cover but not without medical cover. The cost of very affordable and available all over the world
Single premium plans
One-time premium plans are very popular among parents and businessmen. Parents can plan for their child's education, higher education and marriage with single premium plans. Businessmen, whenever they have funds can invest.
Pension/ Annuity plans
LIC pension plans are the best in the industry. Annuity plans require consistency which no one can guarantee at the current stage. LIC plans like Jeevan Shanti gives insurance coverage along with monthly interest payments. This plan is very popular among pensioners.
Term Insurance
Term Insurance plans have become very popular after the Information Technology boom all over the world. The best way to buy Life insurance coverage is Term Insurance plans. Pure life insurance coverage with the best pricing made this plan favourable among salaried and businessmen.
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 Life insurance policy premium can be paid by various methods. The best way is to pay online which would account immediately. Paying LIC premium through LIC agent is old way but that is also good. Now you can pay LIC premium by cheque, cash, debit card, credit, PAYTM etc., Here are some methods with which you can pay LIC life insurance policy premium very easily sitting at home without any charges. 1) http://www.licindia.in/Home/Pay-Premium-Online
If you are paying by any other means than at LIC counter, please ask your agent to confirm the payment credit to your policy within 3 days from the payment.
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 :
Surrender Value: Policy condition states that if policy premium is not paid within the grace period, the policy lapses. If a policy holder wants to discontinue within 3 years from date of commencement, no refund would be paid. If the policy premium is paid for full 3 years then only after completion of 3rd i.e from 4th year beginning only , policy loan would be available. Surrender value or cash value is made available generally when the policy has remained in force for at least three years.
Documents to be submitted for surrender of policy:
1. Policy bond 2. Surrender forms duly stamped, signed and witnessed 3. Id proof like PAN or Aadhaar card copy 4. Cancelled cheque leaf (name should be printed) or Photocopy of the Bank passbook containing details of Bank Account number, IFSC and MICR