LIC (Life Insurance Corporation of India) was founded 1956 by merging more than 245 provident societies and insurance companies in the country. Today, LIC is the only public sector Insurance Company in the country where they provide Life Insurance solutions all over India. The headquarters of LIC is located at Mumbai and they have 8 zonal offices and 113 divisional offices to provide services all over the country.

LIC is largest Life Insurance Organisation in India and they have more than 2000 branches and more than 14 lakh agents in the country. For the consumers, they have a wide range of life insurance plans as well as investment and savings products. They are working to provide these Life Insurance solutions in both rural and urban areas of India. Today, Life Insurance Corporation of India is one of the most trusted service brands in the country and they won many awards for the innovative plans and services in Insurance sector of the country.

What is life insurance?

What is life insurance?

Life is full of risks and it is important to ensure the safety and protection for the future of your family by getting financial help at the emergency time. You never want to leave your family in financial trouble after you. Therefore, life insurance plans are available as the best option that you can get for the complete protection of your family future in case of any unfortunate incident with your life.

If you buy a life insurance plan, it will provide the coverage benefits to the family members are survivors after the death of the policyholder. You just need to pick the right Life Insurance plan and pay its premiums to provide its sum assured benefits to your family members after your life. Life insurance is like a contract between the policyholder and insurance provider. According to the policy, the policyholder will pay the premium amount on the annual or monthly basis to the company and the insurance provider will offer the protection benefits against any kind of financial problem to the family members of policyholders after his demise.

Life Insurance plans are available with various types having different kinds of benefits for policyholders. You will get the options to make choice between life insurance, health-based insurance and unit based insurance plans. Many other additional benefits are also available with Rider plans with life insurance policies. Generally, life insurance policies are available with long-term benefits and come with renewable options.

Who can avail of the benefits of life insurance plans?

Life Insurance plans are available for all Indian as well as non-resident Indian people who want to find the protection and safety benefits for family members afterlife. Certain plans are available with certain terms and conditions that you can avail after the age of maturity. Some of the plans including endowment plans and child plan are available for minors under the guardianship of adults who may be a relative or parent.

To buy a life insurance plan, you will need to submit the application form, certificate of your age, address proof, identity and income proof and all other required documents. You use the documents for Aadhar card, pan card, ration card, income statement, electricity or gas bill, passport and much more while going to buy the life insurance plan.

LIC objectives and mission:

LIC objectives and mission:

LIC of India was established to provide the protection benefits to the citizens of the country with at least basic life cover options to enable the features of financial security of the family members in case of unfortunate situations or crisis. There was an aim to provide the life coverage benefits to the family members of policyholder after death with a monthly premium. Here are some points to clear the objectives of LIC of India for the consumers:

  • Today, life insurance plans are available all over the country especially in backward and rural reasons to provide the basic life coverage benefits to the people with LIC plans.
  • LIC is known to offer the basic as well as enhanced life coverage options to meet the requirements of people having a different lifestyle and financial situation.
  • It is very effective to provide the safety to the interest of policyholders.
  • They are working to keep the interests of customers completely safe and they have the vision to maximize the returns for the consumers.
  • The involvement and participation of every employee and agent of LIC to offer the world-class quality services to all the consumers and other people.
  • They have objective to serve all the sections of our society why providing the life insurance plans to meet the requirements of consumers.

By working with such positive and innovative objective, they are leading insurance service provider and the country offering lots of life insurance products and services for the consumers.

LIC Products and Services

Every individual has different needs and requirements while going to get a life insurance plan for the future protection benefits for the family. LIC is working to meet the requirements of all the consumers in the country by offering several plans under the category of life insurance and health insurance. With LIC, the consumers will also find lots of plans including special plans, unit plans, micro insurance plans and pension plans. To fulfil the financial and future production requirements of different people, they are working to offer a complete range of products and services including various kinds of insurance policies.

Today, you can know about the most popular Life Insurance plans LIC Anmol Jeevan II and Amulya Jeevan II that are available to provide a bunch of benefits to the consumers at an affordable price. With the change in demand of consumers and the country, they also launch the new versions with more innovative terms and conditions to offer more benefits to the consumers in the country.

LIC is known to offer the insurance plans for individuals as well as groups. As compared to the individual insurance plan, group insurance policies are available to provide the benefits of insurance coverage to the members of a group. These plans can be very effective for society, Association or company. In the group insurance policies, head of the group can get the plan where all the other members will avail the coverage benefits of the plan with reduced cost as compared to the individual plans.

Best LIC Plans in India 2018

Best LIC Plans in India 2018

Today, the consumers will find a long list of plans with Life Insurance Corporation of India. If you also want to make the right choice to pick the perfect plan of life insurance for the future protection benefits for your family, you must have information about the different plans available with different benefits with LIC. Verified policy is the perfect platform where we provide the complete help to all the consumers who are looking to get the perfect life insurance plan with LIC. If you want to make the right choice for these plans, you must take a look at the details of all plans given below:

Aam Admi Bima Yojana

If you choose Aam Admi Bima Yojana by LIC, you will need to pay the premium of Rs 200 annually and you will get the coverage benefits of Rs 30,000 with this plan. 50% of the coverage benefits will come from social security fund and the rest 50% will be provided by the government of a state or union territory. This plan is available as the perfect option for a common man who is not able to afford the expensive premium rates annually and who wants to find the most affordable and common plan to ensure the protection of family future.

LIC endowment plans

Endowment plans are designed to provide the benefits of lump sum after maturity or demise of the policyholder. In these plans, you will find the maturity limit of 10, 15 or 20 years. With some of the selected plans, you may also find the coverage benefits in the cases of critical illness or diseases. If you are looking to get more information on endowment plans available with Life Insurance Corporation of India, you can take a look at the table given below for it:

LIC Endowment PlansEntry AgeMaximum Maturity AgePolicy TermMinimum Sum Assured
LIC’s Jeevan Pragati12 years65 years12-20 yearsRs. 1.5 lakhs
LIC’s Jeevan Labh8 years75 years16 years, 21 years, 25 yearsRs. 2 lakhs
LIC’s Single Premium Endowment Plan90 days75 years10-25 yearsRs. 50,000
LIC’s New Endowment Plan7 years70 years10-20 yearsRs. 1 lakh
LIC’s New Jeevan Anand18 years75 years15-35 yearsRs. 10,000
LIC’s Jeevan Rakshak8 years70 years10-20 yearsRs. 75,000
LIC’s Limited Premium Endowment Plan18 years69 years12-21 yearsRs. 3 lakhs
LIC’s Jeevan Lakshya18 years65 years13-25 yearsRs. 1 lakh
LIC’s Aadhaar Shila22 years75 years10-35 yearsRs. 50,000
LIC’s Aadhaar Stambh8 years70 years10-20 yearsRs. 75,000
LIC’s Jeevan Utkarsh6 years47 years12 yearsRs. 75,000

Jeevan Pragati

Jeevan Pragati plan by LIC is a non-linked plan available with the benefits of savings as well as protection for the consumers. In this plan, you will find the benefits of an automatic increase in the coverage for the risk after every 5 years during the time period of the policy. Additionally, this product is also made to take complete care of liquidity requirements of the consumer by providing the loan facilities.

Jeevan Labh

Jeevan Labh is limited premium paying and no linked plan provided by Life Insurance Corporation of India. It is available with the profits of endowment plan that is very effective to provide the advantages of savings and protection to the policyholder. With the help of this life insurance plan, the family members of policyholder will get the financial support in case of unfortunate demise of the policyholder before the time of maturity. On the survival of policyholder, he will lump sum amount on the time of maturity.

Single Premium Endowment Plan:

Single premium endowment plan of LIC is available with non-linked savings cum protection benefits for the consumers. With the combination of benefits, the policyholder will get the final protection for the family members in case of death between in the time of policy. On the survival of policyholder, he will get the sum assured benefits with this plan. It is also available with a loan facility for the consumers.

New Endowment Plan:

New endowment plan of LIC is participating in only the policy in which the consumers will find the combination of savings and protection benefits. Because of the combination of these benefits, the family of policyholder will get the lump sum amount in case of demise of policyholder before maturity period. On the survival of policyholder, he will receive the benefits of a lump sum. With this effective plan, loan facility is also available for the consumers.

New Jeevan Anand:

New Jeevan Anand plan of LIC is participating in on linked policy where they provide the attractive benefits of Savings and protection for the policyholder. In case of death of the policyholder, the family members will get the benefits of financial protection before the time of maturity. On the survival of policyholder, he will receive the benefits of a lump sum on the time of maturity. To take complete care of liquidity requirements of consumers, loan facility is also available with this plan of LIC.

Jeevan Rakshak:

In Jeevan Rakshak insurance plan by LIC, you will find the benefits of savings as well as protection with the entries of 8 years. The maximum maturity age in this plan is 70 years and it is available with the minimum sum assured amount of Rs 75000. In this plan, the members will avail the benefits of sum assured protection in case of demise of policyholder before age of maturity. In the cases of survival of policyholder, he will be able to get the lump sum amount as per the terms and conditions of the plan.

Limited Premium Endowment Plan:

Limited premium endowment plan is available to offer the excellent combination of protection and savings for the consumers. In this plan, minimum entry age is 18 years and maximum maturity age is 69 years. It comes with the minimum sum assured amount of Rs 3 lakhs for the policyholders.At the time of maturity, the policyholder will avail the benefits of this plan. In the case of demise of policyholder before the time of maturity, the family members will get lump sum benefits with the plan.

Jeevan Lakshya:

Jeevan Lakshya Plans by LIC all available to offer the advantages of Savings and protection to the policyholders. An entry age criterion for this life insurance plan is 18 years and the maximum maturity age is 65 years. You will find minimum sum assured amount of Rs 1 lakh with this plan. In the cases of the demise of the policyholder, the family members will get the advantages of a lump sum with this life insurance plan. On the survival, the policyholder will get the lump sum amount on the time of maturity.

Aadhaar Shila:

Aadhar Shila plan is designed for the females having Aadhar Card who wants to avail the benefits of protection and savings with this insurance plan. This plan is very effective maturity age of 75 years and entry age of 22 years. The minimum sum assured amount in AdharShila plan is RS 50,000 for the policyholders.  Like all other plans, the family members ornominees will get the sum assured amount in the case of demise of the policyholder. On the survival, the policyholder will get lump sum amount after the age of maturity.

Aadhaar Stambh:

Aadhar Stambh plan is available with an entry age of 8 years and maturity age of 70 years for the policyholders. This plan especially is designed for males having Aadhar card who are looking to get the minimum sum assured amount of Rs 75000. In case of unfortunate demise of the policyholder, the family members will get the savings and protection benefits with lump sum amount. If the policyholder is surviving for the age of maturity, he will avail the advantages of lump sum amount with the plan.

LIC Jeevan Utkarsh

When it comes to finding the plan with minimum entry age, LIC JeevanUtkarsh policy is available with a minimum entry age of 6 years. Maximum maturity age for this effective plan is 47 years. It is also available with the minimum sum assured value of Rs 75000. Additionally, you will also find the additional benefits with the accidental death of disability rider plan with this basic plan.

Whole life Plans by LIC:

Whole life Plans by LIC:

Whole life insurance plans are available to offer the advantages for the entire lifetime of an insured person. Whether you can pick the plans to get the lifetime benefits or you can choose the maturity time according to the paid premiums for the plan. If you also want to know about whole life insurance plan provided by Life Insurance Corporation of India, you can check the details below:

LIC Whole Life PlanEntry AgeMaximum Maturity AgePolicy TermMinimum Sum Assured
LIC’s Jeevan Umang90 days-55 years100 years100-age at entryRs. 2 lakhs

Jeevan Umang Plan

With LIC, you will find Jeevan Umang as a perfect linked Life Insurance plan available with the benefits of all life insurance. This plan is available to provide the combined advantages of protection as well as income for your family members. In this scheme, annual survival advantages are available till the age of maturity. Lump sum advantages will be available at the time of maturity or at the time of the demise of the policyholderat the time of this policy.

Money back plans by LIC:

Money back plan is available as a complex Life Insurance plan as compared to the term plans and standard life insurance policies providing the coverage with sum assured to the policyholder at the time of maturity. In the money back plans, the policyholders will get a certain amount as survival benefits additional e to the value of sum assured as a bonus amount provided by the insurance company according to the performance. With money back plans, it is also possible to find the additional benefits with Riders and it comes with tax-related benefits for the policyholder. If you want to make choice from the best money back plans provided by LIC, you can take a look at the plans given below:

LIC Money Back PlansEntry AgeMaximum Maturity AgePolicy TermMinimum Sum Assured
LIC’s Bima Diamond14-50 years66 years, 65 years16 years, 20 years, 24 yearsRs. 1 lakh
LIC’s New Money Back Plan – 20 Years13-50 years70 years20 yearsRs. 1 lakh
LIC’s New Money Back Plan – 25 Years13-45 years70 years25 yearsRs. 1 lakh
LIC’s New Bima Bachat15-65 years75 years9 years, 12 years, 15 yearsRs. 20,000
LIC’s Jeevan Tarun90 days- 12 years25 years25 years minus (age at entry)Rs. 75,000
LIC Jeevan Shiromani18 years65 years14 years,16 years, 18 years and 20 yearsRs. 1 Lakh

 

Bima Diamond

Bima Diamond plan of LIC is not linked Limited premium payment plan available with money back benefits for the policyholders. In this plan, you will find the minimum entry age of 14 years and maximum age of 50 years. Minimum sum assured value with this plan is Rs 1 lakh. This plan is available to provide the advantages of protection and savings for the policyholders. In the cases of the demise of the policyholder, the financial security benefits are available for the family members during the maturity time now policy. Extended coverage benefits are also available with this insurance plan by LIC.

New Money Back Plans – 20 years

This money back plan is available as known LIC policy offering the advantages of Savings and protection in case of demise of the policyholder during the maturity time of policy. It is also effective to provide the benefits of sum assured at the time of survival of policyholder. This plan is available with the entries of 13 to 50 years and it is available with maximum maturity age of 70 years for the policyholders find minimum sum assured value with this plan is Rs 1 lakh for the policyholders. It is available with the policy term of 20 years for the consumers. It provides the benefits of the loan facility to the consumers.

New Money Back Plan – 25 years

LIC provides new money back plan – 25 years as unknown LinkedIn participating plan offering the impressive benefits of savings and protection against the unfortunate death of an insured person during the time of policy. It is also effective to provide lump sum benefits in the situations of survival of the policyholder. This life insurance plan is available with age limit of 13 to 45 years. It comes with the maturity time of 70 years and you will find minimum sum assured value of Rs 1 lakh with this plan. It is available within policy term of 25 years for the consumers. You will be able to avail the features of loan facility with this insurance plan provided by Life Insurance Corporation of India.

New Bima Bachat by LIC

With new Bima Bachat plan of LIC, you will be able to avail the benefits of Savings and protection under a single non linked plan. This plan is available with entry age criteria of 15 to 65 years. In this plan, you will find maturity time of 75 years. The minimum sum assured value with this plan is Rs 20,000 for the policyholders. With this plan, it is possible to provide the financial security benefits to the family members in case of demise during the time of the plan. The survival benefits are also available for the policyholders with this policy provided by Life Insurance Corporation of India.

Jeevan Tarun policy

Jeevan Tarun policy is not linked Limited premium payment policy providing the advantages of Savings and protection for the kids. This plan is specially designed to fulfil the requirements of kids including education and marriage with survival benefits at the maturity time of 25 years. The entry age for this plan is 90 days – 12 years for the applicants. It is available with the minimum sum assured value of Rs 75000 for policyholders.

LIC Jeevan Shiromani

LIC Jeevan Shiromani plan was launched on 19th December 2017. It is a non-linked, limited premium payment plan available with the advantages of Savings and protection for the consumers. This plan is available with the individuals having higher net worth. Minimum entry age for this plan is 18 years and you will find the option of maturity time of 65 years. Minimum sum assured value with this plan is Rs 100000. With this plan, you will be able to avail of the survival benefits with the sum assured value. In the cases of unfortunate demise of the policyholder, the family members will get the insurance benefits as per the terms and conditions of the company.

Term Insurance Plans by LIC

Term Insurance Plans by LIC

With LIC, you will find the best term insurance plans that are effective to find the coverage benefits for the insured person for the defined time period. The beneficiary will be able to get the coverage benefits of the plan in the cases of the demise of the policyholder during the term of the policy. Hindi kinds of Clans, the insurance company will not provide the maturity value usually in the cases of survival of individual until the term of plan ends. With LIC, you will find the term insurance plans at lower cost having higher coverage benefits with lower premium rates. If you also want to choose Life Insurance term plans with LIC, you can take a look at the plans given below:

LIC Term PlansEntry AgeMaximum Maturity AgePolicy TermMinimum Sum Assured
LIC’s AnmolJeevan II18-55 years65 years5-25 yearsRs. 6 lakhs
LIC’s AmulyaJeevan II18-60 years70 years5-35 yearsRs. 25 lakhs
LIC’s e-Term18-60 years75 years10-35 yearsRs. 25 lakhs

 

Anmol Jeevan II

Anmol Jeevan II policy by LIC of India is term insurance policy is available in the country. It is available as a protection policy providing the financial security to all the members of the family of the policyholder in the situation of the unfortunate death of insured person. For this insurance plan, you will find the entry age of 18 – 55 years. It is available with maximum maturity age of 65 years and you will find minimum sum assured value of Rs 6 lakhs with this plan. You will also find policy term of 5 – 25 years with this policy of LIC.

Amulya Jeevan II

This protection plan by LIC is designed to provide the protection of the needs of the family in the cases of unfortunate death of the policyholder. This term insurance plan is available with an entry age of 18 – 60 years. You will get maximum maturity age criteria of 70 years with this plan. It is also available as the perfect option because it comes with a minimum sum assured value of Rs 25 lakhs for the consumers. This plan is available with a policy term of 5 – 35 years for the policyholders.

E-term Insurance Plan

E term plans are available as regular non-participating online policies available to provide the benefits of the coverage to the family members in the situation of the demise of the policyholder. This plan is available with entry age criteria of 18 – 60 years and maximum maturity age of 75 years by Life Insurance Corporation of India. In this plan, you will find the minimum sum assured value of 25 lakhs and it is available with a policy term of 10 – 35 years for the consumers.

LIC Pension Plans

It is always important for every individual to make a proper plan to live a stress-free retirement life with family. When it comes to making the perfect strategy for your comfortable and better retirement life, you will need to go with a perfect pension plan available with LIC for it. Life Insurance Corporation of India presents lots of pension plans for the consumers that are very effective to guarantee the financial support and stability in the older age of the policyholder. If you want to make choice for the pension plan with LIC, you can take a look at the plans given below for it

LIC Pension PlansPlan TypeEntry AgeMinimum Sum Assured
LIC’s Jeevan Akshay-VIAnnuity Pension Plan30-85 years (completed)
LIC’s New Jeevan NidhiTraditional with-profits pension plan20-60 years (last birthday)Rs. 1 lakh
Pradhan Mantri Vaya Vandana YojanaPension Plan60 years (completed)

Jeevan Akshay – VI Plan

This pension plan is available to provide the benefits of immediate pension plan that you can buy by making the payment of lump sum amount. With this plan, you will find pension payments of assured amount during the lifetime of the policyholder. You will find entry age criteria of 30 – 85 years with this plan. With this plan, lots of options are available for the type of payment of annuities.

New Jeevan Nidhi Plan

New Jeevan Nidhi policy is a traditional pension plan that is available to provide the benefits of protection and savings with its features for the policyholders. With this plan, death coverage benefits are available and it is also effective to get annuity benefits on the time of survival of the policyholder. In this plan, you will find entry age criteria of 20 – 60 years and it is available with a minimum sum assured the value of Rs 1 lakh.

Pradhan Mantri Vaya Vandana Yojana:

Pradhan Mantri Vaya Vandana Yojana is the latest pension plan announced by LIC to provide lots of benefits to the senior citizens who are above the age of 60 years. In this plan come on the policyholders will find the benefits of Pension Payment, maturity benefit and death benefit. You can make choice to buy this plan with online as well as offline method.

Therefore, all these plans are available for senior citizens who want to plan a stress-free retirement for a peaceful life in the future. You just need to consider units and requirements before making the choice from all these pension plans available with LIC of India.

 LIC Children Plan

Life Insurance Corporation of India is available to offer lots of insurance policies designed to meet the future requirements of kids. These lines are especially available for the parents who are looking to avail the advantages with the insurance policy for the higher education, Memories and other financial requirements of kids in the future. If you also want to know about the LIC child plan, you will find the details below for it:

LIC Child PlansPlan TypeEntry AgeMaximum Maturity AgePolicy TermMinimum Sum Assured
LIC’s New Children’s Money Back PlanMoney back plan0-12 years25 years25 years minus age at the entryRs. 1 lakh

New Children’s Money Back Plan:

New Children’s Money Back Plan is available to focus on the future requirements of growing kids. For the parents, it is a perfect life insurance policy to handle the expenses of education, the marriage of kids in future without any kind of financial problem. This is a non-linked participating money back policy in that is available with survival benefits as well as risk cover benefits for the kids. You will find the entry age of 0 – 12 years and maximum maturity age of 25 years for the kids with this plan. Minimum sum assured value is Rs 1 lakh for the policyholders with this plan.

Unit Insurance Plans

Unit insurance plans are available as the investment plans for people who understand the value of their hard-earned money. With these plans, you will find lots of benefits with your savings as well as you will find the tax-related benefits with unit insurance plans. If you are also looking to invest in a perfect unit insurance plan for a better planning of your future, you can go with them the following plan by LIC:

LIC New Endowment Plus Policy

New Endowment Plus is unit linked non-participating insurance policy that is available with investment cum insurance advantages during the term of policy for the insured person. This plan is available to provide the perfect Combination of long-term saying and protection for the consumer. With great flexibility and advantages available with this plan, you will find the flexibility to make your life better by realising the value of your dreams in the perfect way.

LIC Health Insurance Plans

LIC Health Insurance Plans

At the present time, the Healthcare services are getting expensive day by day all over the world. As the health problems are increasing, the requirement of Health Insurance plans is very high for everyone. It is very important for you to get health insurance plan to provide the perfect safety assurance to your family members in case of any medical emergency. If you don’t want to face any kind of financial problem while going to get the Medical Services, you should go with health insurance plans provided by Life Insurance Corporation of India.

At the present time, everyone has different needs and requirements while going for health insurance plans. To meet the requirements of every individual, LIC is available with lots of Health Insurance plans to provide better assurance of better quality services in the top hospitals of the country.

LIC Jeevan Arogya

LIC JeevanArogya plan is a unique known linked and non-participating policy that is available to provide the health insurance coverage benefits against the specified health problems for the policyholders. With this plan, you will find the reliable and timely medical services in any case of emergency. If you don’t want to face any kind of job-related to the financial situation in emergency situations, just go with this plan by Life Insurance Corporation of India. After that, you will be able to get good medical services in case of any health problem to any of the policyholders.

LIC Cancer Cover

As you all know, cancer is one of the most powerful health-related problems that anyone can face. However, the treatment solution is also available but at very high cost. It is not suitable for the middle-class families. If you don’t want to face the financial trouble in case of cancer, cancer cover plan is available with LIC that you can find as the beneficial option to fight with such lethal diseases. If the cancer is diagnosed at the specified stages according to the terms and conditions of the policy, it will be easier to afford all the expenses of treatment with this plan.

All these plans are available for the consumers who want to live stress-free life by ensuring the future safety for the family members by picking the right insurance plan with Life Insurance Corporation of India. All these glands are designed to match the requirements and needs of different individuals who want to find the complete protection benefits by investing in a perfect insurance plan. Whether you want to get the survival advantages with a perfect insurance plan or you want to get the benefits of your plan for your family members after your demise, just make to search for the right plan provided by Life Insurance Corporation of India and find the best in class advantages for better future of your family members after your life.

Digital Services Provided by LIC

Digital Services Provided by LIC

Today, the market is changing faster and use of online services is getting popular all over the world. With the changing market, LIC is also following digital set up to provide the better quality insurance solutions to the consumers. LIC is most trusted and popular Life Insurance Company in the country and millions of people are getting the services of LIC by having faith in the life insurance plans provided by LIC.

To provide the hassle-free and convenient services to the consumers all over the country, LIC started to offer online solutions with online data of over 10 crore insurance policies. Because of the online facilities for the consumers, they are able to offer better quality services with every plan of life insurance. There was a time when people visited branch offices of LIC to buy the insurance plans. Now, it is possible to buy the insurance plan only with few clicks online for every customer. Just make the choice for the diet plan and buy it online at the website of LIC.

If you are going to get the services of Life Insurance Corporation of India, you will be able to avail the following kinds of online solutions with your insurance policy:

  • E-service registration
  • Policy Status
  • Bonus Status
  • Policy bond/Proposal form image
  • Claim history
  • Facilities of online payment
  • Policy Schedule
  • Premium paid certificate
  • Premium due calendar
  • Loan status
  • Claim status
  • Revival quotation
  • Grievances registration
  • Online forms and process of different services offered by LIC

Whether you are looking to buy a new policy with LIC or you want to make the payments of Premium for your existing life insurance policy, it will be possible to do it without visiting anywhere by using the digital services provided by LIC of India. They are also providing the options to check the policy status, bonus status, loan status and claim status for every consumer at their website. If you have any kind of complaint regarding the products or services of LIC of India, you can register for it by visiting the website of this Insurance Company.

Buy New LIC Life Insurance Plan with the Online Process

Buy New LIC Life Insurance Plan with the Online Process

Do you want to ensure the future protection for your family members by choosing the right Life Insurance plan? If you want to find the life insurance plan with LIC of India, you can make choice from lots of policies available online as well as offline for the consumers. Now, you don’t need to worry to face any kind of trouble while going to get a new life insurance plan with LIC of India. It will be easier for every client to make the right choice for LIC plans with digital services provided by the company.

There was a time when people bought insurance plans with insurance agents or branch offices of the companies. With the revolution of technology and internet, you don’t have to face such kinds of inconvenience while going to get new LIC life insurance plan. You just need to use the online services provided by the company and it will be beneficial for you in the following ways:

Know About All Available Plans by LIC

Know About All Available Plans by LIC

As LIC is the largest insurance provider in the country, they present lots of schemes and products to fulfil the requirements and needs of the consumers. If you are looking to make the best decision for the complete future protection of your family members, you should have information about all available Plans by Life Insurance Corporation of India. To know about all available plans, you just need to make a visit to the official website of LIC. We are also providing the details of all available Plans by LIC to every web user. We are making all the information regarding the insurance plans simple and quick for every consumer who wants to go for the insurance plans available with LIC.

Verified policy is the perfect platform where you can easily compare all the plans available with LIC of India. After that, you can know about the advantages and features of every single plan available with this company. All this information will be very beneficial if you want to make the right decision to pick the right plan having the best features according to your requirements.

Buy New Life Insurance Plan Online

Now, get a new life insurance plan by Life Insurance Corporation of India with online services. If you don’t want to visit the branch office, simply open the website of LIC of India and make choice for the plan. After that, you will fill out the application form and provide the mandatory information about the policyholder. You can also upload the soft copies of required documents online. After verification of the complete application form and all documents, they will approve your life insurance plan and you can easily avail its benefits without wasting your time.

Make the Payments for Premium

Even if you want to make the premium payments for your life insurance plan with LIC of India, you don’t need to find any kind of trouble with it. You can simply use the online banking solutions for your debit or credit card to make the payments for the premium for your selected Life Insurance plan with LIC. It is the most secure and convenient method to make payments of premium as a policyholder while getting the services of Life Insurance Corporation of India.

Because of all such reasons, it is always beneficial for the consumers to buy a new life insurance plan with an online method with LIC of India. If you want to get more information about any of the products and services of LIC before purchasing the plan, you can visit the official website of LIC of India for it.

Claim Settlement with LIC

If you are looking to invest in a proper Life Insurance plan for the future protection of your family members, you never want to face any kind of trouble during the process of claim settlement with the company. If you choose to get services of LIC of India, you never need to take stress for the process of claim settlement. It is one of the reputed companies in the country where you will find high claim settlement ratio as compared to most of the other companies in the country.

In any kind of emergency situation, LIC of India is known to provide Full support to every policyholder and beneficiary. With Life Insurance Corporation of India, you will find the well-defined process of claim settlement where you can simply settle your claims without any kind of inconvenience with the company.

According to the reports of IRDA in 2016-17, LIC is known to have claim settlement ratio of 98.1 for that is the highest number in the insurance industry of the country. They are known to provide the continuous results by settling the claims of the consumers in the cases of crisis.

If you are going to get an insurance plan with LIC, it is important to keep the following factors in your mind to find stress free claim settlement experience:

  • Pick your plan carefully

First of all, you must be careful while choosing the insurance plan with LIC. It is never a good option to follow any other consumer to select the same plan. You may have a different financial situation and different future requirements as compared to other customers of LIC. Therefore, you must get complete information regarding the available plans and then you should make the right choice for a perfect plan available with LIC of India. If you are able to pick the right plan, you will not face trouble in claim settlement process in the cases of emergencies.

  • Get information about the exclusions

To find a stress free experience during the claim settlement process, it is mandatory for every client to get the information regarding the exclusions in the life insurance plans provided by Life Insurance Corporation of India. You should know that the company will not provide the coverage benefits in the cases of suicide, death due to self-injury, any criminal act or unlawful act. There are many more exclusions with the different plans of LIC so you should know about all these exclusions by visiting the website of LIC before making the choice for any plan.

  • Know about the terms and conditions

It is mandatory for every consumer to get complete information regarding the terms and conditions of the company before making choice for any insurance plan. If you are going to buy LIC insurance plan with any third party agent or offline method, you may not get complete information regarding the terms and conditions of the company. It will be better to make a visit to the official website of LIC to get familiar with all the terms and conditions before buying the plan. It will help in the successful claim settlement process for the consumers in future.

  • Follow the claim settlement process carefully

It is important that you can get complete information regarding the claim settlement process to increase the chances of success. You must have all the required documents as per the guidelines of Life Insurance Corporation of India while going to claim the benefits of your insurance plan. If you have all the documents and you are following the claim settlement process in a proper way according to all the inclusion of your insurance policy, you will not find any kind of troubles to avail the benefits of the plan.

By considering all these factors, you can increase the chances of success during the process of claim settlement with LIC of India. You don’t have to face any kind of trouble while going to settle the claim with this reputed insurance company in the country.

Life Insurance Corporation of India FAQs

Life Insurance Corporation of India FAQs

How to make the premium payments? What are the different modes of payment of premium with LIC?

If you want to make the premium payments with online/offline method, you will find the following mode options with Life Insurance Corporation of India for it:

  • Cash/ cheque / DD payment at the branch office and cash counters
  • Payment at the Axis Bank
  • NEFT
  • ECS
  • AP Online
  • Payment at the Corporation Bank
  • Online Payment
  • MP Online
  • SuvidhaInfoserve
  • Life plus SBA
  • Retired LIC Employee collection
  • Phone banking
  • Easy bill pay
  • Premium point by empowered agents
  • Authorized Service Provider (in selected cities)

For the online payment mode, the policyholder can pay via;

  • Credit Card,
  • Debit Card
  • Net banking

Why should I go for a life insurance policy?

As you all know, life is full of risk and it can be very uncertain in any kind of situation. If you are head of your family and you are earning for your dependents, you never want to leave your family in a financial crisis after your unfortunate demise. These types of situations can be faced by anyone and here comes the importance of life insurance plans in your life. If you are going with LIC life insurance plans, it will be very beneficial to provide the complete protection benefits with coverage advantages for your family members.

How much will I pay for the premium amount?

The amount of premium will always depend on the plan selected by the customer. There is no definite amount of premium that you will need to pay for a plan. It will depend on many factors including your coverage benefits, your selected plan, discount provided by the company and many more factors. If you want to calculate the premium amount before going with any plan of LIC, you can use the premium calculator tool available at the platform of Verified Policy for it.

Is whole life insurance plan is a good option for me?

Whole life insurance plans are considered as the permanent life insurance policies that will cover the complete life of policyholder under the plan. If you are going to choose for Life Insurance plan, you will need to consider various factors for it. You must know about your requirements and the features of the plan provided by LIC. If you don’t want to make the payments of more number of premiums for a lifetime, you should go for any short-term insurance plan provided by LIC for it.

How much of coverage will I require?

With the different plans, you will find different options of coverage according to the premium payments by the consumer. First of all, you will need to know about your current financial situation to make the payments for the premiums. After that, you will need to keep the future of your family in your mind according to the number of family members. It will be beneficial to consider all these factors before making the choice of any plan with its coverage benefits for your life.

Is it beneficial to compare the LIC life insurance plans online?

If you want to make choice for the perfect plan with LIC, it will be better if you can compare the plans online before making the right choice. They are known to provide lots of plans according to the needs of different kinds of consumers in the market. If you are able to make choice for right plan, it will be beneficial to secure the future of your family in the perfect way. By comparing the LIC plans online, you will get complete information about the features of different plans and you can pick the right plan by saving the money on premiums with it.

Will I get tax-related benefits with insurance plans?

Yes, it is possible for the consumers to avail the tax-related benefits while going for the specific plans of LIC of India. You must know about the terms and conditions of selected plan to get information about tax-related benefits on it.

How will I check the status of policy?

If you want to check the status of your policy, you can use the online services at e-portal of LIC as the best option. You just need to register your account at the portal and you can use it anytime to check the status of your policy. If you don’t have an online connection to register at the online portal, you can also visit the branch of LIC personally to check the status of your policy.

What is the process of policy renewal?

You may need to renew your policy at any time and you never want to face inconvenience in the process. If you are going to renew your policy with online process provided by LIC, you can simply follow the steps given below for it

  • Step1:Enter your Client ID and Date of Birth to login into e-portal
  • Step2:Choose the policy and payment option (Net Banking/ Debit/Credit Card)
  • Step3:Print/save the premium deposit receipt on successful payment completion

Alternatively, you can pay via cash/cheque at any of the nearest LIC branches in your city.

What will be the beginning date of benefits of insurance policy?

The advantages of your life insurance plan will start when you will pay the premium amount and the company will improve your application for the insurance policy. If you want to get the complete details regarding it, you can check your policy where they mention the beginning date for the advantages of your life insurance policy.

Will I get additional benefits with my LIC insurance policy?

Yes, it is possible for the consumers to avail the additional benefits of rider plans available with life insurance policies and Life Insurance Corporation of India. If you are looking for additional benefits, you can find the rider plans for the advantages of accidental injuries accidental death, critical disease and much more with it. Just get the information about these rider plans at the website of LIC.

Can I get loan benefits against my life insurance policy?

Yes, LIC provides various insurance policies where the consumers will be able to avail of the additional benefits of the loan. You just need to know about the plans available with loan facilities before making the choice for LIC life insurance policy.

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