This is non-linked, with profits, regular premium Money Back Plan for children. DATE OF COMMENCEMENT OF RISK: For age at entry less than 8 years LBD : One day before completion of 2 years from DOC or one day before Policy Anniversary after completion of age of 8 years LBD, whichever is earlier. For age at entry 8 years LBD or more: Risk will commence immediately. DEATH … [Read more...] about Children Money Back Plan (832)
LIC Jeevan Tarun Plan (834)
This is non-linked, with profits, limited premium plan for children education needs. DATE OF COMMENCEMENT OF RISK: For age at entry less than 8 years LBD : One day before completion of 2 years from DOC or one day before Policy Anniversary after completion of age of 8 years LBD, whichever is earlier. For age at entry 8 years LBD or more: Risk will commence … [Read more...] about LIC Jeevan Tarun Plan (834)
Whole Life Insurance Policy
Whole life insurance is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. Whole life insurance is one form of permanent insurance and is very different from term life insurance, which provides coverage for a specified period only and does not build cash value. Where … [Read more...] about Whole Life Insurance Policy
How many Indians are covered by life insurance?
Life Insurance: Why Indians are living dangerously How many Indians are covered by life insurance? According to Irdai’s Handbook 2016-17 (Table 9A), 32.81 crore of policies are in force in the books of life insurance firms in India. Even if we assume that a few lakhs of policies were revived during the year, the total number of in-force policies will not be more than … [Read more...] about How many Indians are covered by life insurance?
Late Fee Calculation for delayed LIC Premium Payment
How to Calculate Late Fee for delayed LIC Premium Payment? Life Insurance Corporation of India(LIC) provides a certain grace period to all its customers on their policy premium payments according to the mode of payment of the policy. A grace period of 30days (30 days if mode of payment is Yearly/Half-yearly/Quarterly and 15 days if the mode is monthly) grace period to make … [Read more...] about Late Fee Calculation for delayed LIC Premium Payment