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Life Insurance Corporation of India (LIC): Overview & LIC Plans Online

Life Insurance Corporation of India (LIC of India) is the only public sector life insurance company in India. It was founded in 1956 with the merger of more than 245 insurance companies and provident societies. LIC has its headquarters in Mumbai, the commercial capital of India and currently functions with 8 zonal offices and 113 divisional offices.

It is the largest life insurance company in India with over 2000 branches and over 14 lakh agents to solicit life insurance business in the country. It provides wide range of life insurance plans from pure term insurance plans to savings and investment products. It has a phenomenal presence in both urban and rural India. The motto of the company is "Yogakshemam Vahamyaham" which means - your welfare is our responsibility.

According to the Economic Times Brand Equity Survey 2012, LIC of India has been rated as the sixth most trusted service brand of India. It has also bagged a number of awards such as the MEIF Institutional Excellence Award 2012, Golden Peacock Innovative Product/Services Award 2011 for its health insurance product- Jeevan Arogya, and ET brand equity most trusted brand award. LIC has been continuously winning the Readers' Digest Trusted brand award from the year 2006.

LIC Objective

The main objective of LIC of India is to provide life insurance policies to each and every section of the society and to reach out to the rural areas by providing them ample financial coverage in case of death at a very affordable premium rate.

As a pioneer of life insurance in India, the company offers a wide range of comprehensive insurance products to its diverse customer base and maximizes the ability of savings of the insurance holder. LIC of India focuses majorly on safeguarding the interests of the insurance holder and acts as trustees in their individual as well as collective abilities.

The company aims to meet the various insurance requirements of an individual by providing best of their services. The company also encourages the involvement and participation of the employees and LIC agents so they work towards the achievement and welfare of the organization.

LIC Online Services

As the market is digitalizing rapidly, LIC has also digitalized its setup completely. As one of the most trusted Life Insurance Company in India, millions of people in the country put down their faith on life insurance policies. To provide simpler and hassle-free services to its wide customer base, the company has started LIC e-services and holds an online data of more than 10 crore insurance policies.

With the help of online services, the insurance holder can now avail many more facilities that were previously available only at the LIC office.  LIC e-service is an initiative taken by LIC of India to offer its customers on demand services within just a few clicks.

Some of the facilities that can be availed online are-

  • E-service registration
  • Facilities of online payment
  • Policy Schedule
  • Policy Status
  • Bonus Status
  • Loan status
  • Claim status
  • Revival quotation
  • Premium paid certificate
  • Premium due calendar
  • Policy bond/Proposal form image
  • Claim history
  • Grievances registration
  • Online forms and process of different services offered by LIC

Types of LIC Plans:

Let us take a look at the various types of plans from Life Insurance Corporation of India:

LIC Term Plans:

LIC term plans provide protection to the insured at affordable costs. The term plans assure substantial advantages in case of the death of the policyholder during the term of the plan. The insurer usually does not pay maturity value under this plan if the individual survives until the term of the plan ends. The term policy comes at a low cost and caters to high coverage at lower premium rates.

LIC term plans offered by the Life Insurance Corporation of India are as under:

LIC Term Plans

Entry Age

Maximum Maturity Age

Policy Term

Minimum Sum Assured

LIC's Anmol Jeevan II

18-55 years

65 years

5-25 years

Rs. 6 lakhs

LIC's Amulya Jeevan II

18-60 years

70 years

5-35 years

Rs. 25 lakhs

LIC's e-Term

18-60 years

75 years

10-35 years

Rs. 25 lakhs

LIC Anmol Jeevan II:

It is a protection plan that offers financial security to the family of the policyholder in case of unfortunate death of the insured. It comes with the death benefit

LIC Amulya Jeevan II:

It is a protection plan that caters to protect the needs and requirements of the family of the policyholder when he/she is not around. It offers the death benefit.

LIC e-Term:

E-term plan is a regular non-participating online term assurance plan that offers fiscal protection to the family of the insured after his/her demise. 

LIC Pension Plans:

Everyone intends to save enough and live a financially protected retirement life. LIC of India offers several pension plans to guarantee financial stability in old age.

There are three pension plans that LIC offers:

  • Jeevan Akshay-VI
  • LIC’s New Jeevan Nidhi
  • Pradhan Mantri Vaya Vandana Yojana

LIC Pension Plans

Plan Type

Entry Age

Minimum Sum Assured

LIC's Jeevan Akshay-VI

Annuity Pension Plan

30-85 years (completed)

 

LIC’s New Jeevan Nidhi

Traditional with-profits pension plan

20-60 years (last birthday)

Rs. 1 lakh

Pradhan Mantri Vaya Vandana Yojana

Pension Plan

60 years (completed)

 

LIC Jeevan Akshay-VI:

It is an instantaneous Annuity plan, which can be bought by making payment of a lump sum amount. This plan offers for annuity payments of the assured amount during the annuitant’s life time. Several options are made available for the mode and type of payment of the annuities.

LIC New Jeevan Nidhi:

It is a traditional with-profits pension plan with a combo of saving and protection features. This plan offers death cover throughout the deferment period and provides annuity on survival to the date of investment.

LIC Pradhan Mantri Vaya Vandana Yojana:

It is the newest pension plan launched for senior citizens who have attained an age of 60 years and above. It offers a trio of benefits namely, Pension Payment, Death Benefit and Maturity Benefit. This plan can be bought in both, offline and online mode. 

LIC Child Plans:

Life Insurance Corporation of India provides many insurance plans intended to meet the insurance requirements of the kids. Child Plans are exclusively designed for the parents who want to avail various insurance plans for their children’s higher education, financial requirements or marriage. 

LIC Child Plans

Plan Type

Entry Age

Maximum Maturity Age

Policy Term

Minimum Sum Assured

LIC’s New Children's Money Back Plan

Money back plan

0-12 years

25 years

25 years minus age at the entry

Rs. 1 lakh

New Children's Money Back Plan:

The New Children’s Money Back Plan is a distinctive scheme planned to provide multiple requirements of growing kids, counting on to their education, marriage etc. This non-linked, participating money back plan comes with survival benefits along with the risk cover for the kids.

LIC Endowment Plans:

LIC Endowment Plans offer a few additional benefits also. For instance, a few plans take part in company gains while other plans produce savings via making investments in the equity market.

LIC Endowment Plans

Entry Age

Maximum Maturity Age

Policy Term

Minimum Sum Assured

LIC's Jeevan Pragati

12 years

65 years

12-20 years

Rs. 1.5 lakhs

LIC’s Jeevan Labh

8 years

75 years

16 years, 21 years, 25 years

Rs. 2 lakhs

LIC’s Single Premium Endowment Plan

90 days

75 years

10-25 years

Rs. 50,000

LIC’s New Endowment Plan

7 years

70 years

10-20 years

Rs. 1 lakh

LIC’s New Jeevan Anand

18 years

75 years

15-35 years

Rs. 10,000

LIC’s Jeevan Rakshak

8 years

70 years

10-20 years

Rs. 75,000

LIC’s Limited Premium Endowment Plan

18 years

69 years

12-21 years

Rs. 3 lakhs

LIC’s Jeevan Lakshya

18 years

65 years

13-25 years

Rs. 1 lakh

LIC’s Aadhaar Shila

22 years

75 years

10-35 years

Rs. 50,000

LIC’s Aadhaar Stambh

8 years

70 years

10-20 years

Rs. 75,000

LIC’s Jeevan Utkarsh

6 years

47 years

12 years

Rs. 75,000

LIC Jeevan Pragati:

This plan is a protection-cum-savings, non-linked with gains endowment plan. Under this plan, the sum assured on the death multiplies in five years.

LIC Jeevan Labh:

It is a non-linked, limited premium paying endowment life insurance plan that offers both protection and savings to the policyholders. The scheme provides both maturity and death benefits together with gain participation bonuses.

LIC Single Premium Endowment Plan:

It is a non-linked, participating protection-cum-savings where you can pay a premium in a lump sum at the onset of the plan. This combo offers financial protection aligned with demise during the term of the policy with the proviso of payment of lump sum at the end of the term of chosen policy in the case of survival of the policyholder. This scheme also makes sure of the liquidity requires via its loan facility.

LIC New Endowment Plan:

LIC New Endowment Plan is a non-linked, participating scheme that provides an alluring combo of saving and protection features. This combo offers fiscal support for the deceased insured’s family any time before the policy gets matured and a good amount in a lump sum during the maturity for the surviving insured. This policy also makes sure of the liquidity requires via the loan facility.

LIC New Jeevan Anand:

It is a non-linked, a participating plan that provides an attractive combo of savings and protection. This combo offers fiscal protection against the demise all through the lifetime of the insured with the proviso of payment of the lump sum amount at the termination of the term of the chosen policy in the case of his survival.

LIC Jeevan Rakshak:

It is a non-linked, participating scheme that provides a combo of savings and protection. This scheme offers financial support for the insured’s family in the case of unforeseen death of the insured any time before the policy gets matured and a lump sum when the policy is matured for the surviving insured.

LIC Limited Premium Endowment Plan:

It is a non-linked, participating plan that offers a combo of savings and protection. This scheme offers fiscal security for the insured’s family in the case of unforeseen death of the insured any time before the policy matures and a lump sum on the maturity for the surviving insured.

LIC Jeevan Lakshya:

It is a non-linked, participating scheme offering a combo of savings and protection. This scheme caters to Annual Income benefit, which might help to fulfill the requirements of the insured’s family, mainly for the children’s benefits, in the case of unforeseen death of the insured any time before the policy gets insured and a lump sum at the time of policy’s maturity heedless of the policyholder’s survival.

LIC Aadhaar Shila:

LIC Aadhaar Shila policy caters to a combo of savings and protection. This scheme is wholly designed for females who have Aadhaar Card that is issued by Unique Identification Authority of India (UIDIA). This policy offers fiscal security for the insured’s family in the case of unforeseen demise of the insured any time before the policy gets matured and a lump sum at the maturity of the policy for the surviving insured.

LIC Aadhaar Stambh:

Aadhaar Stambh Plan provides a combo of savings and protection. The scheme is entirely designed for males having Aadhaar Card that is issued by Unique Identification Authority of India (UIDAI). This policy offers fiscal security for the insured’s family in the case of unforeseen demise of the insured any time prior to the policy maturity and a lump sum at the policy’s maturity for the surviving insured. 

LIC Jeevan Utkarsh

It is a non-inked, with profit, single premium payment life insurance policy that offers the dual benefit of saving cum protection. The risk coverage of the policy is 10 times the single premium paid. Moreover, the plan also provides additional benefit as accidental death and disability benefit rider in its basic scheme.

LIC Whole Life Plan:

LIC Whole life Plan

Entry Age

Maximum Maturity Age

Policy Term

Minimum Sum Assured

LIC’s Jeevan Umang

90 days-55 years

100 years

100-age at entry

Rs. 2 lakhs

LIC Jeevan Umang:

LIC offers a non-linked, with-gain, whole life assurance scheme named LIC’s Jeevan Umang. This plan provides a combo of protection and income to your loved ones. This scheme caters to annual survival advantages from the end of the payment term of premium until maturity and payment of lump sum at the maturity time or on the demise of the policyholder during the term of the policy.

LIC Money Back Plans:

Money Back Plans are life insurance policies that provide life cover during the policy term and payment of maturity benefit is made in installments via survival advantages every 5 years. There are several schemes with varied terms under this policy. Most of these schemes provide optional riders together with tax benefits.  

LIC Money Back Plans

Entry Age

Maximum Maturity Age

Policy Term

Minimum Sum Assured

LIC's Bima Diamond

14-50 years

66 years, 65 years

16 years, 20 years, 24 years

Rs. 1 lakh

LIC's New Money Back Plan - 20 Years

13-50 years

70 years

20 years

Rs. 1 lakh

LIC's New Money Back Plan - 25 Years

13-45 years

70 years

25 years

Rs. 1 lakh

LIC's New Bima Bachat

15-65 years

75 years

9 years, 12 years, 15 years

Rs. 20,000

LIC's Jeevan Tarun

90 days- 12 years

25 years

25 years minus (age at entry)

Rs. 75,000

LIC Jeevan Shiromani

18 years

65 years

14 years,16 years , 18 years and 20 years

Rs. 1 Lakh

LIC Bima Diamond:

LIC Bima Diamond plan is a ‘with-profit’, non-linked, limited premium payment money back plan. This plan caters to a combo of savings and protection. In the case of an unforeseen event of the demise of the insured, this scheme offers financial security for the loved ones not only during the term of the policy but also ahead of the term of the policy term all through the Extended Cover Period.

LIC New Money Back Plan - 20 Years:

New Money Back Plan-20 years is a participating, non-linked plan that offers an alluring combo of savings and protection against the demise of the policyholder during the term of the policy together with the periodic payments on the survival of the insured at particular durations throughout the term. This distinctive combo offers financial support for the loved ones of the departed insured any time before the policy gets matured and a lump sum when it matures for the surviving insured. This scheme also ensures of liquidity requirements via the loan facility.

LIC New Money Back Plan – 25 Years:

New Money Back Plan – 25 years is a non-linked, participating policy that offers an appealing combo of savings and protection against the demise of the insured during the term of the policy together with the cyclic payments on the survival of the insured at particular throughout the term. This exclusive combo offers financial aid for the loved ones of the departed insured any time before it gets matured and a lump sum while the maturity for the surviving insured. This scheme also makes certain the liquidity requirements via loan facility.

LIC New Bima Bachat:

LIC New Bima Bachat plan is a non-linked, participating, protection-cum-savings plan, where the payment of the premium is made in a lump sum at the onset of the plan. This plan is a money-back scheme offering financial security against the demise throughout the term of the plan with the proviso of payment of survival advantages at particular durations for the period of the term of the plan. Into the bargain, on the maturity, the single premium should be refunded together with Loyalty Addition.

LIC Jeevan Tarun:

It is a non-linked, participating, limited premium payment scheme that offers an exclusive combo of savings and protection features for kids. This scheme is particularly designed to meet the requirements of the kids including, education, marriage, etc. via annual Survival Benefit payments from 20-24 years and Maturity Benefit at the attainment of 25 years of age.

LIC Jeevan Shiromani

It is a non-linked, limited premium payment, with-profit money back insurance plan that provides both the benefit of savings and protection. This plan is specifically designed for individuals with high net worth. The plan provides financial backup to the family of the insured in case of an eventuality. Moreover, as a money back policy, It also provides periodic payment to the insured in case of survival at a specific time period during the tenure of the policy. The lump sum amount is paid as maturity benefit to the insured after the completion of policy tenure.

You can get hold of any of the nearest LIC of India agents or pay a visit to any of your nearest LIC branches. You can find your nearest branches and its location on the LIC customer care link. 

Life Insurance Corporation of India - Latest News

10 Year Term Policy Launched By LIC for Senior Citizen

The Life Insurance Corporation of India (LIC), from Tuesday, has started selling the Pradhan Mantri Vaya Vandana Yojana (PMVVY) for the senior citizens (60 years & above). This is a non-participating, non-linked pension scheme, which will be available for the senior citizens till March 31st, 2023. As per the financial advisors, It is a lucrative option of investment as it offers attractive returns for the long-term.

According to LIC of India, the policy tenure of the scheme is 10 years and the pensions can be availed in monthly, quarterly, half-yearly, and yearly mode. The current rate of return offered by the scheme is 7.40% per annum and the investors investing in this financial year will get the same rate of return for the entire tenure of 10 years.

As per the statement released by the LIC, the assured interest rate applicable to the contribution made towards the scheme sold during the next two financial years will be reviewed and revised at the beginning of each financial year by the finance minister.

Investors can purchase the scheme online or offline. The scheme can be purchased by making a lump-sum payment of the purchase price.

LIC Introduces Aadhaar Shila Policy Exclusively for Females

The Life Insurance Corporation of India has come up with Aadhaar Shila Plan, which is exclusively designed for female lives. The plan offers the combined benefit of savings cum protection. The plan provides financial security to the family in the event of the unfortunate death of the insured person during the tenure of the policy. Also, the maturity benefit is offered by the policy in case of survival of the insured for the entire policy tenure.

Besides this, the plan also offers liquidity through auto cover and loan facility. In case of the insured’s death before completion of 5 years of the policy, the total sum assured amount is paid to the beneficiary of the policy. In case, of the death of the insured after completion of 5 policy years, the sum assured on death along with loyalty addition is paid to the beneficiary of the policy.

The plan is only available for standard healthy lives without undergoing any medical test. The policy offers a minimum entry age of 8 years and the maximum entry age ranges up to 55 years. Aadhaar Shila plan offers policy tenure of 10 years-20 years and the premium paying tenure of the policy ranges the same as policy tenure. The policy offers the maximum maturity age of 70 years. As per the LIC of India rule the total basic sum assured offered under the plan should not exceed Rs.3 lakh.

LIC Modifies PM Vaya Vandana Yojana Pension Scheme for Senior Citizens

The Life Insurance Corporation of India has done some modification in this scheme for senior citizens. After the changes, the scheme will earn an assured return of 7.4% per annum, payable on a monthly basis for the entire duration of 10 years. The scheme is opened for investors from May 26 and will be available for investment for the next three financial years i.e till 31st March 2023. The change is the scheme has been introduced after the cabinet approval of its extension till 31st March 2023.

Here are the more details of the scheme.

  • Process of Investment- The scheme can be availed by individuals aged 60 years and above. You can invest in the scheme online through the LIC of India website or can purchase the scheme offline by visiting the nearest office.
  • Pension Payouts- PMVVY offers a guaranteed pension payout to the subscriber at a specific rate for the tenure of 10 years. Moreover, the scheme also offers a death benefit to the nominee as a return of purchase price.
  • Pension Payment Mode- The pension can be availed by the investors on monthly, quarterly, half-yearly, and yearly mode.

Some of the other salient features of the scheme are:

  • No medical test is required to purchase the scheme.
  • After completion of 3 policy years, the policyholder can apply for the loan facility. Maximum up to 75% of the purchase price is granted as a loan amount.
  • Under specific circumstances premature withdrawal of policy is applicable.

FAQs

Q1. How to pay a premium? What are the modes of payment available?

Answer: The Life insurance Corporation of India Ltd. offers 6 modes of premium payment namely:

  • Cheque / DD payment at the branch and cash counters
  • Payment at the Axis Bank
  • Payment at the Corporation Bank
  • Online Payment
  • NEFT
  • ECS
  • AP online
  • MP Online
  • Suvidha Infoserve
  • Easy bill pay
  • Premium point by empowered agents
  • Life plus SBA
  • Retired LIC Employee collection
  • Phone banking
  • Authorized Service Provider (in selected cities)

For the online payment mode, the policyholder can pay via;

  • Credit Card,
  • Debit Card
  • Net banking

Q2. How can I check policy status?

Answer:  For online registered users, they can check the policy status by loging into the e-Portal alternatively; visit the branch personally to know the policy status.

Q3.  What is the policy renewal process?

Answer: For renewing online, follow these easy steps;

Step1: Enter your Client ID and Date of Birth to login into e-portal

Step2: Choose the policy and payment option (Net Banking/ Debit/Credit Card)

Step3: Print/save the premium deposit receipt on successful payment completion

Alternatively, you can pay via cheque at any of the nearest branch in your city.

  • Q: What is the company’s process to settle claim?
    Answer: For the claim settlement nominee can visit the branch personally and the customer service desk will help you there.
  • Q: What is the policy cancellation process?
    Answer: For the cancellation of the policy, you can visit the branch personally.

Q4. How to check LIC policy status without registration?

Ans- To check the policy status online, it is mandatory to complete the registration process online by choosing the username and password. Once, you successfully complete the registration process you can enter the policy number and other required details to check the status of the policy.

Q5. What is the sum assured in LIC?

Ans- The sum assured is the amount of money that the insurance company guarantees to pay and death benefit or maturity benefit to the insured or beneficiary before any addition of bonuses.

Q6. How to change the nominee in LIC?

Ans- An individual can change the nominee as many times as he/she wants. To do so, the policyholder will have to submit a notice to the Life Insurance Corporation of India in Form 3750. In the form, the policyholder will require to mention the details of the person they want to approve a nominee. The policyholder can change the nominee at any time without notifying the existing nominee.

Q7. How to pay LIC online?

Ans- To pay the policy premium directly thorough the insurer website, the insurance holder will need to visit the official website of LIC of India i.e.; www.licindia(dot)in, and click on the option of pay premium online from the section of online services. Here, the policyholder will get 2 options 1.) pay online direct (without logging) or 2.)  through the customer portal.

Q8. How is the LIC maturity amount calculated?

Ans- The maturity amount is calculated as the total sum assured amount of policy + bonus amount that has been received during the policy tenure + final additional bonus if any.

Q9. How can I check my LIC policy details online?

Ans- You can follow these simple steps to check the policy details online.

Step 1 - For new users, the insurance holder will require to fill the registration form available online on the official website of LIC of India i.e. www.licindia(dot)in

Step 2- Enter the required details like policy number, DOB, e-mail ID, premium amount, etc.

Step 3- Once the process of registration is completed a verification email will be sent to the registered mail ID.

Step 4- After completion of the verification, one can check any details related to policy from the account.

Step 5- The insurance holder will need to enter his/her username password and press enter.

Step 6- Once the account is logged in, the policyholder will need to choose the option F enrolled policies.

Step 7- The policyholder will be directed to another page where they can check the details of all the enrolled policies listed.

Q10. How can I get a LIC premium statement?

Ans- To get the premium statement, log in to the online portal of LIC of India by using your username and password. You will be directed to your account page. Choose the year for which you want to download the statement and click on the save and download option to download the premium statement of the policy.

Q11. Who is the owner of LIC?

Ans- It is a public sector insurance provider company owned by the government of India.

Q12. How is the LIC surrender value calculated?

Ans- The surrender value of the policy is calculated as:

{Basic sum assured X (no.of premium paid/ total number of premiums payable) plus total bonus received} X the factor of surrender value.

Q13. What is the customer care number of LIC of India?

Ans- The customer care number is 022 6826 6827.

Q14. What is the rate of interest on loan against the LIC policy?

Ans- The rate of interest on loan against LIC policy usually varies between 9-11%.

Q15. What are the documents required for the LIC maturity claim?

Ans- The documents required for maturity claim process are:

  • Original LIC policy documents.
  • Identity proof
  • Age proof ( if not submitted earlier)
  • A copy of the bank passbook of the policyholder and a canceled cheque.
  • NEFT mandate form ( to transfer maturity benefit directly to the bank account of the policyholder).
  • Assignment/ Reassignment (if any)

Q16. How to change the address in LIC policy?

Ans- The policyholder can either visit the nearest office or submit a request of an address change in writing or can change the policy address online by logging in to their account.

Q17. How to get a loan against LIC policy?

Ans- If the policy is eligible to take a loan against the policy then he/she will need to follow these processes to avail loan against the policy.

  • Visit the branch office of the bank.
  • Thoroughly fill the loan application form and submit it along with the required documents to the lender’s representatives.
  • Existing bank customers will require submitting minimal documents.
  • The lender will verify the submitted documents and will approve the application.
  • After approval, the loan amount will be credited to the savings bank account.

Q18. Where to show LIC maturity amount in ITR?

Ans- The maturity proceeds are applicable for tax exemption under Section 10(10D) of the Income Tax Act.

Q19. LIC comes under which section?

 Ans- The tax benefit offered on the premium payment of the policy comes under Section 80C of the Income Tax Act.

 

fixed deposit with life cover
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Average Rating
(Based on 21 Reviews)
Life Insurance Corporation of India (LIC) Reviews & Ratings
4.6 / 5 (Based on 21 Reviews)
(Showing Newest 15 reviews)
Anmol
Banarpal, March 19, 2019
Dual benefits plan
I am a business man and with LIC Ulip Plan I am enjoying dual benefits of premium paid and insurance protection. Good Service.
Ajeet
Basanti, January 08, 2019
Very Good Plan
Recently I took the Term insurance of LIC and found it too useful. The maturity year is good which 75 years. I feel it is good as it can used by my family after me if by chance some problem may occur. We should always secure our life so it was a good experience and I am getting good benefits too. Thank you.
Jayant
Buxar, July 20, 2016
Excellent Work
The premium is low but the paybacks are high. Service is fast and because of that the claiming is simple to sanctioned. The lic term plan is suggested by my father and after seeing the terms and conditions i buy it.
Saurabh
Ahmedabad, July 20, 2016
Super Policy
My lic term plan is providing the best services. Policy covers maximum expenditures and good returns. Claims are easy to sanctioned, updates of the plan is mailed to email address. Best investment which reduces taxes.
Ashish
Mumbai, July 20, 2016
LIC Insurance
The pension plan of mine is very nice. It provide good returns in future and the coming time is tension free. Premium is low, and the special thing of the plan is that it is lic pension plan, the trusted company from the ages. I'm fully satisfied with my insurance plan.
Prashant
Noida, July 20, 2016
Pension Policy
My lic pension plan is the best policy. Premium is less policy coverage is high. Claiming procedure is easy because of fast service facilitate by the executives 24X7. Updates are send regularly to my email address. The online renewals are also easy to make. Good future investment.
Vikram
Gangtok, July 20, 2016
Investment plan
My traditional insurance plan is the best because i took it is lic endowment plan which has all my trust. The premium is normal but the returns are much more than that. Coverage is high which cover maximum scenarios and conditions. Best investment plan which secure the future and reduces taxes too.
Akash
Noida, July 20, 2016
Good Service
The lic endowment plan is very nice which has low premiums and many more benefits like this. The policy coverage is high and claims are high which can be easily sanctioned due to fast service provided by the executives and staff members of the company.
Prabhjot
Lucknow, July 20, 2016
Coverage Is Good
My child's future secure with lic child plan. The policy covers all the expenditures comes in the future of her. Education, medical emergency, health issues etc. The policy premium is less but in return the plan gives maximum benefits only.
Tarun
Gwalior, July 20, 2016
Child Plan
The LIC child plan is the best plan. This is the company which has trust of the customers because it comes from ages. The premium of the plan is less and the returns are high. Policy coverage and claims are high and claiming is very simple due to good service provided by the executives of the company.
Devesh
Uttamnagar, July 19, 2016
Perfect Policy
LIC online term plan is very easy to buy and renewals is also simple. The updates regarding policy can be visit on the website of the insurance company. Service is fast and behaviour of the staff is nice. The investment is less and the returns are high.
Lokesh
Jaipur, July 19, 2016
Trustworthy
The lic term insurance plan is fantastic which i have seen comes from ages and providing good policies to the customers. Service is the best no doubt in that, online portal is also easy to access and anyone can operate it easily.
Gautam
Hyderabad, July 19, 2016
Good Service
I have lic term insurance plan which is very beneficial for me and my family members from last few years. The policy coverage is high and the premium is less. Service is fantastic which is facilitate by the executives and members.
Megha
Delhi, June 27, 2016
Good experience
Good experience, easy to use
Tarun
Hyderabad, May 13, 2016
Best Plan
LIC ULIP Plan is the best, The policy coverage is high with low premiums. Claims are good and claiming is easy because the fast service given by the company. I really am happy to buy the policy.
Gaurav
Bangalore, May 13, 2016
Trustworthy
I secure my future by buying the lic pension plan. The policy coverage is fantastic approx. 88% and the claims are even better. Service is fast and on time. Good behaviour of executives and staff members is the best part. Good job.
Devesh
Navi_mumbai, May 13, 2016
Awesome
LIC endowment & saving traditional plan is the best. Claims are good in low premiums. The policy coverage is high. Good service provided by the company members and the each task completed in very short time period. Good policy.
Manav
Delhi, May 13, 2016
Good Plan
I bought lic child plan. The policy is very good. The policy coverage and claims are high. The service facilitate by the executives and staff members is fast with clam behaviour. Good future investment, I like the policy.
Arun
Ahmednagar, March 09, 2016
term
help me, plane choose
Sanjeev
Noida, January 02, 2016
plan
life insurance
Arati
Ahmedabad, December 20, 2015
LIC term plan a best option
After reading an article on best lic policy in 2015 at policybazaar, i inspired so much that I have bought an insurance and would recommend everyone to buy term plan to protect family members.