Prices Increasing Soon
Jeevan Shagun is the new plan launched by the Life Insurance Corporation of India (LIC) that is being rolled out across the country, in Goa. Glancing at the stats of 2013-14, LIC accounts with more than Rs 90,000 crore i.e. 75.33% in first year premium income and 84.44 % market share in the number of policies.
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S.P.S Vilkhoo, Senior Divisional Manager at LIC, during the launch informed the pressperson that LIC has around 5000 offices across the country. He also added that LIC has 14 products in its bag. Talking about the claims, he informed that the claim settlement ratio of LIC is 99.68 per cent for the year 2013-14. Amounting to the price of Rs 91,186.45 crore, LIC has settled 2.59 crore claims.
Mr. Vilkhoo said that by tying up with the Government’s National e-Governance Plan, LIC has brought comfort to its customer by providing premium payment facility at more than 1,30,000 Common Service Centres (CSCs) spread across the nation.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
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