My LIC

Life Insurance Corporation of India (LIC) is a Government of India enterprise, and is said to be the largest life insurance company and also the largest investor of the country. It was founded in the year 1956 and has been serving people ever since. The main objective of this corporation was to spread awareness about the life insurance among the ... Read More »

‘If I die someday suddenly, what would my family do? How would they earn money? I don’t have anything left to secure my family….!’ this is the condition of most of the people who are unaware about the various types of life insurance plans available which can secure your future. Many of us often don’t understand the importance of life ... Read More »

21st centaury has been an era of developments. People have been very innovative to bring out various new subjects or different plans in the market. Every individual requires a safe future, so even the life insurance Corporation has been innovative while considering the policy of Jeevan Saral plan. If you are aware of your destination, the best plan which could ... Read More »

LIC Bima Account 2 Summary: LIC Bima Account 2 (Plan No. 806) is similar to Bima account 1. Bima account is a without profit Variable Insurance Product wherein the proposals will be accepted under Non-medical Scheme only. Under this plan there will be a Policyholder’s Account maintained separately for individual policyholder, which shall consist of two parts; Policyholder’s Regular Premium ... Read More »

LIC Bima Account Summary: LIC Bima Account 1 (Plan No. 805) is a without profit Variable Insurance Product wherein the proposals will be accepted under Non-medical Scheme only. Under this plan there will be a Policyholder’s Account maintained separately for individual policyholder, which shall consist of two parts; Policyholder’s Regular Premium Account Policyholder’s Top-up Premium Account. The Policyholder’s Account will ... Read More »

If you ever asked yourself, How to check current cash value of your ULIP? then then keep reading. Most of us don't know how to calculate the maturity value or current cash value. You just guess the value, right? or may be calling your LIC agent every month to check the value. To know the current cash value of your ULIP policy, you need to know the number of units you have. Read More »

If you are tax payer then you can save more tax by investing in LIC Infrastructure Bond. Additional Rs.20000 Tax Exemption under Section 80CCF. LIC Infrastructure Bond at Glance: Term: 10 years Minimum lock in period: 5 years Loan on Bond: After 5 years Interest Rate: 7.85%-7.95% afer tax. Exit options: Buy back or through Demat account Open for Individual or HUF. Any individual or HUF can invest in LIC's Infrastructure Bonds Between Rs.5000 - Rs.20,000/- This will be over the Rs.1 lakh deduction allowed under Section 80C. Tax Benefit example: If you are in highest tax payers bracket of 30% can save an additional Rs 6,000 and if you happen to fall in the lower tax bracket then you can still save Rs.2,000/- by investing in LIC infrastructure bonds this financial year. LIC Infrastructure Bonds not only offers capital safety but also offers fixed returns through ECS. Read More »

If you have LIC policy, you might want to check your policy status, due premium, loan on policy and so on. The good news is that now, you can check all the information on your mobile phone by SMS. This is free service but your mobile operator may charge per short code sms as per your tariff plan. SMS inquiry ... Read More »

LIC's Jeevan Nidhi is a with-profits pension plan which provides for death cover during the deferment period and on survival to the date of vesting, the maturity proceeds are compulsorily to be used for purchase of annuity. Read More »

New Janaraksha Plan is an Endowment Assurance plan that provides financial protection against death throughout the term of plan. It provides full life insurance for 3 years even when the premiums are not paid. New Janaraksha Plan (with Profits) is specially designed for people with irregular income and whose job is not secure due to fluctuating income, i.e. Workers with unorganized sector, Daily wage earners, Call Center Employees, Farmers, Small businessman etc. Read More »