LIC India Agent: New Delhi, Gurgaon, Noida

Free Life Insurance Portfolio

2012-01-01T17:23:00.000+05:30

Happy New Year - 2012 - Free calendar

2011-12-30T20:55:00.001+05:30

Happy New Year - 2012 You can download this LIC's 2012 calendar for free.

Kum’ insurance ‘dene ki bimari

2011-03-24T20:23:00.002+05:30

Moneylife had pointed out how Max New York Life (MYNL) had settled 3,943 claims out of the 6,019 claims it had received in 2009-10; its claims settlement ratio had fallen from 90% (2008-09) to 65% (2009-10). Despite the opening up of the insurance sector to private players, government behemoth Life Insurance Corporation of India (LIC) had a claims settled ratio of 96% and a low claim

Should I cancel my existing policy and replace it with another?

2010-12-11T18:13:00.000+05:30

Since buying a life insurance policy is a long-term commitment, it is not advisable to terminate your policy early as you will not receive the total amount of premium that you have paid because the surrender value is usually less than what you have paid. Replacing an existing policy with another is not in your best interest because the new policy is likely to be at a higher premium as you

Can I get full refund of premium if I cancel my policy within the free look period?

2010-11-11T18:13:00.003+05:30

Yes, under the free look period, you can cancel your life insurance policy within 15 days by returning the policy to the life insurance company after you have received the policy document. Tarun Kumar Bansal LIC Indian Agent Rohini Branch - New Delhi 9899212115 | tarun.lic@gmail.com

What will happen to my policy if I fail to pay my premium on time?

2010-11-11T18:12:00.005+05:30

The policy contract provides for a 'grace period', which gives the policyholder an additional period of time after the due date for the payment of the premium. During this period, you can still pay your premium and the life policy still continues to be in force. For monthly mode of payment, the grace period is usually 15 days, while for other frequency of payments (semi-annually or annually)

How does a life insurance company evaluate my risks?

2010-11-11T18:12:00.002+05:30

The risk class or mortality of a policyholder is determined by an underwriting process through which a life insurance company would decide whether or not to accept a risk. The risk of death is determined by several factors such as age, sex, habits, personal and medical history, occupation, etc. The life insurance company's decision to insure your life is based on the information provided in

How do I know if the agent is authorized to sell life insurance policy?

2010-11-11T18:11:00.002+05:30

A life insurance agent is a representative of a particular life insurance company and can provide advice on the products marketed solely by that life insurance company. An agent who sells life insurance products is registered with the IRDA and is required to pass a pre-contract examination, conducted by the Insurance Institute of India. Always insist on seeing agent's authorization card

Happy Deepavali - शुभ दीपावली 2010

2010-11-03T22:29:00.001+05:30

Tarun Kumar Bansal LIC Indian Agent Rohini Branch - New Delhi 9899212115 | tarun.lic@gmail.com

52 Reasons: Why you should buy Life Insurance from Lic of India?

2010-10-22T20:54:00.000+05:30

Positions: 1. Largest insurance Company in the world in Customer Base (23 crore customers). 2. No.1 insurance company in the world in terms of agency (about 1.1 Million agents). 3. LIC is No.1 insurer in the world in Volume & Sold around 3.75 Cr.Policies in 2007-2008. 4. 2nd Biggest Real Estate Owner next to Indian Railways. 5. LIC is one of the Highest income tax playing Organization. For

New Commercial - LIC of India

2010-09-27T17:03:00.000+05:30

LIC Hits 1 Cr Policies Mark

2010-08-30T19:34:00.000+05:30

An official declaration said with the First Premium Income worth Rs 15,917 crores recorded during the two weeks ended August 14. The best performance of the India's biggest life insurer durin the current financial year The corporation's performance in the current financial year has augmented its market share during in first year premium to 71.33% from 64.86% as on March 31. LIC has increased

Life Insurance Corp Plans to Invest 2 Trillion Rupees

2010-08-17T13:20:00.005+05:30

State-owned Life Insurance Corp. of India plans to invest 2 trillion rupees ($43.46 billion) in the local equity and bond markets in the current financial year, its chairman said Friday. "Our investment plan will be dictated by the premium flow," T.S. Vijayan said at a press conference. "If the premium flow is more in unit-linked insurance policies, our incremental investment into equities will

LIC: New Rules to Lower Investor Charges

2010-08-17T13:20:00.002+05:30

As chairman of state-owned Life Insurance Corporation of India, T.S. Vijayan is one of the most powerful men in Indian finance today. With $238 billion in assets, LIC is the country's largest insurance company, holding 70% of the life insurance market by premiums and number of policies. It is also the single largest investor in India's stock market, owning around 5% of the market's total value.

India Insurer to Allow Mobile Payments

2010-08-17T13:19:00.005+05:30

Life Insurance Corporation of India Ltd. policyholders soon will be able to use their mobile phones to pay their insurance premiums. The insurer is in talks with at least two banks to set up the service, which would access their customers' bank accounts, according to a spokesman for the Mumbai company. The company already offers a similar service for customers who have bank accounts at

LIC declares valuation surplus of Rs 234.78bn

2010-08-17T13:19:00.002+05:30

The Gross Total Income of the Corporation rose to a mammoth Rs 2,98,721 crores showing a phenomenal growth of 49.15% over FY 2008-09 Life Insurance Corporation of India, India’s largest life insurer, has announced its audited figures for the financial year ended March 2010. LIC has declared a Valuation Surplus of Rs 23,478 crores of which Rs 1,029 crores is given to the Central Government as

Why need a Financial Planner?

2010-08-02T09:38:00.001+05:30

For one thing, most peolple don't have enough time. When the age of technology arrived, the experts told us we'd soon be working less and playing more. Apparently they were wrong. People are working harder today then ever and leisure time is becoming more and more precious. Most people prefer to spend that precious time in more enjoyable activities than looking after their finances. Another

Indian Cinemas to screen films on road safety

2010-07-05T20:05:00.000+05:30

With the Union Ministry of Information and Broadcasting (I&B) decision to make screening of road safety films mandatory in all cinema halls in the country, Chandigarh residents too will get a lesson in road safety by July-end. “The ministry of I&B has already written letters to chief secretaries of all states including Chandigarh, Punjab, Haryana and Himachal advising cinema halls to show road

Secure your family after death

2010-06-07T21:58:00.000+05:30

Insure your lifesecure your family after death

People's Money for People's Welfare

2010-05-17T18:02:00.000+05:30

- 31st March, 1998 With the formation of the Life Insurance Corporation of India on 1st September, 1956, it can be said that utilization of people's money invested in Life Insurance for planned economic development of the country took roots. One of the objectives of nationalization of the life insurance industry was channelization of its funds for the benefit of the community at large. In

bonus

2010-05-16T20:27:00.000+05:30

UNDER JEEVAN PRAMUKH PLAN 167- FOR POLICY TERM 5 YEARS, POLICY WILL PARTICIPATE IN GUARANTEED ADDITION AND HENCE WILL NOT BE ELIGIBLE FOR BONUS. • UNDER JEEVAN MADHUR PLAN-182, BONUS RATES ARE PER 1000 DEATH BENEFIT SUM ASSURED. • UNDER JEEVAN AMRUT PLAN- 186, BONUS RATES ARE PER 1000 PREMIUM PAID AS ON DATE OF VALUATION. • No bonus has been declared in respect of Jeevan Akshay plan-146. or any

‘Don’t mix insurance with investment plans’

2010-04-24T22:38:00.000+05:30

The recent regulatory spat over Unit-Linked Insurance Plans (ULIPs) has projected insurance companies and their sales force as the villains of the piece. However, financial experts say there is another central character in the plot who is equally to blame for: The average insurance buyer in India who always wants "something" from the insurance policy on maturity. They say this rigid mindset

Best in life insurance industry - LIC of India

2010-03-21T23:18:00.000+05:30

Private sector insurance companies like ICICI Prudential, Bajaj Life insurance, SBI Life and other have more than three times the outstanding number of death claims on individual insurance policies compared to state-owned Life Insurance Corporation of India (LIC), Finance Minister Pranab Mukherjee told the Rajya Sabha on Tuesday. Replying to supplementaries during Question Hour, he said the

Bajaj Allianz’s premium collection drops 30%

2010-03-15T21:20:00.003+05:30

ajaj Allianz Life Insurance Company has recorded a fall of 30% in fresh premium collection in first quarter of FY 2009-10. The insurer’s new premium collection stood at Rs 577.66 core at the end of the June quarter, as against Rs 829.24 crore in corresponding period of the last year. Overall, 21 private sector life insurers have collected first premium of Rs 5,427.67 crore in the first

Private companies sales decline and fall

2010-03-15T21:20:00.000+05:30

Industry sales grew by 2% YoY (-4% in June, -10% in May), the first time in nine months. This was driven mainly by the 21% YoY growth shown by the state-owned LIC. Private player sales also showed a slowdown in sales contraction (-11% YoY for July vs -13% for June and -29% for May). Among the larger private players, SBI and HDFC standard showed positive YoY growth. SBI Life sales grew by 19%