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lic rules policy surrender


Insurance
Life Insurance Corporation of India

Life Insurance Corporation of India

Life Insurance Corporation of India (LIC) is an old life insurance company in India. It is also the insurer with the largest customer base. The company was formed on 1st September, 1956, with the...
Life Insurance: Children Plan : Jeevan Kishore,   Child Career Plan,   Jeevan Chhaya,   CDA Endowment Vesting At 21,   Marriage Endowment Or Educational Annuity Plan,   CDA Endowment Vesting At 18,   Komal Jeevan,   Jeevan Anurag,   Child Future Plan,   Educational Annuity Plan,   Child Fortune Plus
Life Insurance: ULIP Plan : Fortune Plus ,   Profit Plus ,   Market Plus I ,   Money Plus - I
National Insurance Co. Ltd.

National Insurance Co. Ltd.

Incorporated in 1906, National Insurance Company Limited (NIC), became a subsidiary of the General Insurance Corporation of India (GIC), a Government of India-owned entity after the General...
Insurance Faqs
Faq

Can one surrender his policy? :

If you pay premiums for a specified period of time, your policy acquires surrender value. If after that you find it difficult to continue with the policy, you can surrender it for a cash sum. For this, you need to make a surrender request with your insurance company.
Faq

What is a policy lapse? :

A policy lapse is the termination of a policy due to the failure of the policyholder to pay the premiums within the grace period.
Insurance Blogs
Blog

Basics of life insurance

Life insurance provides a family with financial support in the case of death of the breadwinner of the family. According to a life insurance policy, a fixed amount of money is paid to the insured or the beneficiary at the end of its term or upon the death of the insured. Life insurance also...
Blog

Deciding about the amount of life insurance

People go for various life insurance policies due to their many benefits. The amount of life insurance depends on many factors. Ideally the sum assured should provide for all the needs of your family like children's education and marriage while meeting the daily basic expenses when the insured...
Loan Faqs
Faq

Is there any documentation required post the sanction of the loan ? :

Progress reports to be provided at the time of every disbursement. Progress report includes mark sheets or a letter from the Institute, in case the mark sheets are not available while processing the fresh disbursement. The following documents have to be submitted post the sanction of the loan...
Faq

How to get a Personal Loan Fast? :

• Better Interest rate: Getting a personal loan is cheaper than borrowing on your credit card. So, if you have run up a huge outstanding amount on your credit card and the accumulated interest is making it almost impossible to clear your outstanding, a personal loan might be the way to...



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