Insuring India.We pledge to secure your Happiness.Embracing Technology to Facilitate the future with LIC mobile and lic online.With claim settlement ratio of 99.77% Yr 14-15 .Total claim settled in Yr 14-15 is 232.32 lakhs of amount rs 90458.16 crores.Aiming 100% claim settlement ration in yr 15-16 LIC wishes every Indian a Happy Republic Day.
Good New .On 11 January 2015 Lic is introducing another New Plan Jeevan shikhar.Table no-837.This Plan is a single premium product Risk cover =10 times of Single premium given. Plan term is of 15 year.Age group 6-45 year.Maturity is in maturity sum assured form along with loyality addition .Plan come with immediate surrender feature […]
Term insurance premium:Lic v/s Pvt insurance cos.Example:1Cr Term insurance,premium lic-40000/- pvt cos-20000/.presuming 10000 policies done by each.Amount collected by Lic 40 cr and pvt cos 20 cr.Mortality rate in india per 1000 is 3(same for both lic and pvt cos)now as per this rate presuming 30 claims will arise out of 10000.So claim amt to […]
On 4 January 2015, LIC Launch New Limited Endowment Plan Jeevan Labh. This Plan Is Available for age group 8 to 59 years.Plan term varies from 15,21,25 years With premium paying term from 10,15,16 Respectively. Minimum sum assured is Rs 2 lac.Plan come with tax benefit under 80c.Best for long term savings.Maturity benefit are with […]