Posts Tagged ‘LIC’

LIC is Best in Claim Settlement IRDA Report

LIC is Best in Claim Settlement IRDA Report

LIC – Life Insurance Corporation of India stands first in claim settlement ratio compare to private life insurance companies in 2013-14. As per IRDA report in 2013-14 life insurance companies had settled total 856622 individual insurance policy claims. Total payout of these claims was Rs 10,860 Cr. LIC settled claim of Rs 8475 Cr in 2013-14 for individual life insurance policies. Total policy count was 746212. Claim settlement ratio of LIC under this category was 98.14%, which is higher compare […]


LIC Jeevan Sugam – Review

LIC Jeevan Sugam – Review

LIC JEEVAN SUGAM is a new product in the bunch of Single Premium plans of LIC.LIC JEEVAN SUGAM plan is launched on 25th Feb, 2013. This plan is close ended plan and available for only 45 days. The basic features of this plan are as follows: Jeevan Sugam Features- Single Premium Guaranteed Maturity Sum Assured with Loyalty Additions Risk coverage at low premium Non-linked single premium plan Income tax rebate under sec.80c Maturity Benefit: Maturity Sum Assured along with Loyalty Additions In case of Death of Life Assured On death […]


LIC Jeevan Vaibhav Review – Think Twice

LIC Jeevan Vaibhav Review – Think Twice

Country’s largest insurer Life Insurance Corporation of India (LIC) has launched a non unit-linked single premium product Jeevan Vaibhav with minimum premium of about 95,000 Rs/-. LIC’s Jeevan Vaibhav is a close-ended single premium endowment assurance plan which offers guaranteed benefits on death and maturity along with Loyalty Addition, if any, payable on maturity or on death in the last policy year. The plan would be available for a limited period only up to a maximum of 120 days. Benefits of Jeevan […]


LIC Jeevan Vriddhi Plan– A Review

LIC Jeevan Vriddhi Plan– A Review

Life Insurance Corporation of India has launched a limited-offer single-premium policy Jeevan Vriddhi this plan promises to nearly double the premium amount at the end of 10 years. As life insurance plan it gives risk cover up to five times the Premium. This plan will be available only for next 6 months. Benefits of Jeevan Vriddhi Plan:- 1) Death benefit: On death, Basic Sum Assured shall be payable. The Basic Sum Assured shall be 5 times the Single Premium excluding […]


Jeevan Ankur Plan of LIC is it for you?

Jeevan Ankur Plan of LIC is it for you?

Cost of living is sky-rocketing and with each passing year we are witnessing increase in the cost due to inflation and other factors. Do you really care for your child?  Well it is very important to secure the life of your child for education for marriage and all other expense. Children’s life insurance policies provide cover for the child’s parent/guardian/grandparent for a specified term.  This article describes about you should buy Jeevan Ankur policy or not ? Jeevan Ankur at Glance :- […]