Have any policy enquiry related to your LIC insurance policy, and you want to know the status and other details on the phone? Are you in a different city than where your policy servicing branch is and confused whether you will get all the details of your policy in another branch? If yes, then answer if LIC Customer Zone. Life insurance corporation of India has opened 74 Customer Zone all over the India to address the policy enquiry of customers and provide some policy servici

LIC of India is going to launch its new Life Insurance Plan Bima Shree (Plan No. 848) .  Bima Shree is a Non-Linked , with profit, limited premium payment money back policy which has the provision of guaranteed addition . Bima Shree is specially designed for High Networth Individuals having minimum basic sum assured of Rs. 1000000. Bima Shree provides guaranteed addition at the rate of Rs 50 per thousand sum-assured in first five policy year and from the 6th year up to prem

LIC of India has launched its new Single Premium, Closed-ended plan Jeevan Utkarsh, Plan No. 846 . This plan will be available for sale from 06/09/2017 up to 31/03/2018 . LIC’s Jeevan Utkarsh is a Non-linked , with profits , saving cum protection plan in which risk cover is 10 times the single premium . Unique Identification of LIC’s Bima Diamond Plan is 512N313V01 . Update: Jeevan Utkarsh (Plan 846) Policy is now available for sale up to 02/06/2018. हिन्दी में पढिये: एलआई

Indian Life Insurance Giant Life Insurance Corporation of India is going to launch its new health insurance related policy LIC Cancer Cover, Plan No. 905 on 14/11/2017. The Unique Identification Number of the LIC Cancer Cover Plan is 512N314V01. This policy will also be available for online sale on LIC of India's Portal It is a non-linked, regular premium payment health insurance plan which provides fixed benefit in case the Life Assured is diagnosed with any of the specifie

This year from 01/09/2016 Life Insurance Corporation of India (LIC) is celebrated it's Diamond Jubilee year. On this occasion, LIC had launched plan "Bima Diamond" Table No. 841.  This policy is available for sale up to 31 August 2017.  LIC's Bima Diamond is a Non-linked, with profits,  limited premium payment money back plan. It provided money back at an interval of every 4th year. LIC's Bima Diamond provided extended life cover up to the half of the policy term after the co

Life Insurance Corporation of India is going to launch its new plan Jeevan Umang (Plan No. 845) on 16/05/2017. LIC’s Jeevan Umang is non-linked, with-profits, whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and lump sum payment at the time of maturity or on the death of the policyholder during the policy term. The Unique Identification Number (UIN) of LIC's Jeevan Umang is 512N312V01 . This plan

As announced by the Government of India regarding the pension plan for senior citizen of India (Aged above 60 years) in last financial year, the Government of India has announced the Pradhan Mantri Vaya Vandana Yojana (PMVVY) Plan No. 842   for citizens aged 60 year and above. Pradhan Mantri Vaya Vandana Yojana (Plan No. 842) is a pension plan with subsidized pension rates  which will provide an assured return of 8% per annum payable monthly (equivalent to 8.30%  per annum)

Life Insurance Corporation of India is going to launch its new plan Aadhaar Shila (Plan No. 844) on 24/04/2017. LIC's Aadhaar Shila is non-linked, with-profits, regular premium endowment assurance plan. LIC has designed this plan exclusively for females lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). Aadhaar Shila plan is only available for standard healthy lives without any medical examination. An individual can have a maximum of Rs. 3,

Life Insurance Corporation of India is going to launch its new plan Aadhaar Stambh (Plan No. 843) on 24/04/2017. LIC's Aadhaar Stambh is non-linked, with-profits, regular premium endowment assurance plan. LIC has designed this plan exclusively for males lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). Aadhaar Stambh plan is only available for standard healthy lives without any medical examination. An individual can have a maximum of Rs. 3

Have you forgotten the FUP (First unpaid premium) of your  LIC policy? Now there is an easy way to know it using your android phone. So, what you need to do to know the FUP of your LIC policy? My LIC android Application My LIC is an android application. It is developed by LIC of India for only and only one thing, ie, to know FUP of your policy instantly. So where to get this app on your mobile? You can download this app directly from Google Play or you can visit the link by c

Life Insurance Corporation of India (LIC) has reintroduced its immediate annuity plan Jeevan Akshay VI with certain modification.  Though LIC have not changed the name and plan number of this modified version and will be available with same name and plan number i.e. Jeevan Akshay VI, Plan number 189.  IRDA UIN for this modified version is 512N234V05 . This modified version of Jeevan Akshay VI is available for sale from 24/10/2016. Types of Annuity and mode of payment availabl

Keeping your contact details updated in your insurance policy helps you to get important notification related to your policy on time. Till now you have to register your LIC policy on the LIC portal to update your contact details in your policy or send the request to servicing branch. But, in the recent initiative "Help us to serve you better" LIC of India now allowing the policyholder to update their contact details in their policies without registering on the LIC portal. How

Life Insurance Corporation of India has declared the Bonus rates for the valuation period 1st April 2015 to 31st March 2016. Along with it, LIC has also declared the one time Diamond Jubilee Bonus for its policyholders. Diamond Jubilee Bonus is declared from Rs. 5 per thousand sum assured to Rs. 60 per thousand sum assured. It mainly depends on the time of inception of the policy. Diamond Jubilee Bonus Which policies are eligible for One time Diamond Jubilee Bonus? The One Ti

This year LIC of India has declared Bonus rate for all its with profit policies before the usual time as LIC is celebrating its Diamond Jubilee year. Every year Actuarial Department of LIC do the valuation and declares the bonus rates. These bonus rates are applicable for policy year entered upon during the inter-valuation period i.e. 01/04/2015 to 31/03/2016 and in force for full sum assured as on 31/03/2016. It will be applicable to policies resulting from claims by death o

To keep the risk cover in force in your LIC policy a policyholder must pay his/her insurance premium on time or within the grace period. If a policyholder failed to do so then his policy became lapse, and no risk cover is available under that policy. To restart the risk cover in the policy, a policyholder has to revive the policy by paying all the due premiums up to the date of revival. Nowadays policies can be revived in other branches if the policy is to be revived on DGH a

LIC of India's Jeevan Labh (Plan No. 836) is a limited premium paying, non-linked, with-profit endowment assurance Plan. Unique identification number (UIN) of Jeevan Labh plan is 512N304V01. This policy is available from a child of 8 years old to a person of age 59. The main feature of this plan is a very limited premium payment option, for the 16-year policy term customer have to pay the premium for 10 years and for 21 and 25 years of policy term policyholder have to pay the

The new policy is named as Jeevan Tarun (Plan No. 834), and it's a non-linked, with profit, limited premium payment policy, specially designed to meet the requirement of growing children. Premium paying term is 5 years less that the policy term. In this plan, proposer can choose any of the four options for survival benefit between the 20 to 24 years of child age and the maturity at the age of 25 years of child's age. The four options are as follows: Option Survival Benefit Ma

In my earlier post "Conditions for Club membership for FY 2015-16 for LIC agents"  I mentioned about the escalation clause and commission required to qualify for the particular club for the financial year 2015-16 for new as well as continuing club members. The escalation clause is a yearly increase in commission by 5% compared to last year, and it was effective from 2013-14 for new entrants and 2014-15 for continuing club members. But as per the new circular of LIC Mkt/A/21(R

Club membership for agents is one of the ways Life Insurance Corporation of India rewards its agent for higher and consistent performance. Until May 2014 the highest club was the corporate club and after that Chairman Club was there. There is a huge difference between the eligibility criteria of the corporate club and the Chairman Club. In May 2014, LIC of India introduced a new club between the corporate club and Chairman Club named Club Galaxy.  One of the reasons behind th

Life Insurance Corporation of India (LIC) every year declares the rate of interest to charged on the various financial transaction in the coming financial year. These financial transactions include policy loan, revival, backdating of policy and many other transactions. The rate of interest in these financial transactions are declared by the actuarial department of LIC. Rate of Interest for the various financial transaction for FY 2016-17 S No. Type of Transaction Rate of Inte