- Which LIC plan is best?
- How can I get LIC policy without agent?
- How can I check my LIC policy maturity amount online?
- What are the benefits for LIC agent?
- Is LIC better than FD?
- How can I pass IRDA exam?
- What should I do if I lost my LIC policy?
- Is LIC policy a good investment?
- How much money will I get from LIC?
- How can I know my LIC agent details?
- How is LIC maturity amount calculated?
- What is commission of LIC agent?
- Is LIC maturity amount taxable?
- How much money will I get if I surrender my LIC policy?
- Can bank employee become LIC agent?
- What will be the maturity amount of LIC Jeevan Saral?
- How can I know my LIC policy premium?
- How can I join LIC policy?
- How can I surrender my LIC policy online 2020?
- Is LIC policy worth taking?
Which LIC plan is best?
Best LIC PlansLIC PoliciesPlan TypeMaximum Maturity AgeLIC Jeevan UmangWhole Life Insurance100 yearsLIC Jeevan AmarTerm Assurance Plan80 yearsLIC Money Back 25 yearsMoney Back Policy70 yearsLIC New Jeevan AnandEndowment Plan75 years1 more row.
How can I get LIC policy without agent?
How To Buy LIC Policy Online Without Agent?At first, go to the official website of LIC Click Here.Click on the Product button as mentioned in the above picture.Go through all the policies mentioned there by clicking on the specific type of insurance you need to buy.More items…•
How can I check my LIC policy maturity amount online?
The LIC website states that policyholders can send the claim requirements by email. The mail should be sent to claims.bo @licindia.com where the branch code is the servicing branch. For instance, if 883 is the servicing branch, the mail will have to be sent to firstname.lastname@example.org.
What are the benefits for LIC agent?
3 LIC Agents BenefitsZonal Manager’s Club.Chairman’s Club.Corporate Club.Interest-free vehicle loan.Low-interest home loan.Office maintenance allowance and financial benefits.Furniture allowance.Advance or bonus for festival celebrations.More items…•
Is LIC better than FD?
Fixed deposits are best for both short and medium term investments whereas life insurance plans are designed for long term investments. You can invest for a period of as low as 7 days in fixed deposits unlike a life insurance plan wherein you need to invest for at least 10 years. You can invest a minimum amount of Rs.
How can I pass IRDA exam?
Passing 35% =18 (even you score 17 marks ,One mark will be given as grace )Strategy To Pass this IC 38 LIC agent Exam.Obtain Minimum Marks.First Solve 10 question minimum——————10.Tick Ans “C” option remaining 40 Question———–10 (Probability)Total Obtain Marks=======20(Passed)
What should I do if I lost my LIC policy?
Immediately inform your insurer When you lose your original life insurance policy bond, you must inform your insurer at the earliest. Visit the nearest branch of your insurer and talk to concerned authorities regarding the loss. You need to submit an application mentioning the following details: Your name in full.
Is LIC policy a good investment?
Insurance policies are best investment option for protection and investment. … Yes, LIC offers best life insurance plans. If you are looking for investment and protection option under one product, you can consider Endowment or Unit Linked Investment Plan (ULIP) as per your risk appetite and financial objectives.
How much money will I get from LIC?
Benefits of LIC Money Back Policy- 20 years 125% of the Basic Sum Assured as chosen at the policy inception or. 10 times of annualized premium as being paid. Subject to a minimum of 105% of the total premiums paid as on date of death. Additional Rider available: LIC’s Accidental Death and Disability Benefit Rider.
How can I know my LIC agent details?
Visit the official website of LIC https://www.licindia.in/.Click ‘Agents Portal’ under Online Services menu tab.Click ‘Forgot Password’.Enter Agent Code.Click ‘Date of Birth’.Enter Captcha code.Click ‘Submit’.Your new password will be sent to the registered mobile number/email ID.More items…•
How is LIC maturity amount calculated?
Sum Assured (A): = Rs. 5,00,000.Total Bonus Amount on Maturity (B): * = Rs. 1000.Maturity Amount (A+B): = Rs. 35,000.Period of Maturity = Dec, 2021.
What is commission of LIC agent?
A agent gets 25% commission on LIC Jeevan Labh policy. This commission is for the first premium and then 2nd and 3rd year the commission is 7.5% and for 4th year onward till whenever the policy is in force the agents gets 5% commissions on premiums.
Is LIC maturity amount taxable?
When the premium paid on the policy does not exceed 10% of the sum assured for policies issued after 1 April 2012 and 20% of sum assured for policies issued before 1 April 2012– any amount received on maturity of a life insurance policy or amount received as bonus is fully exempt from Income Tax under Section 10(10D).
How much money will I get if I surrender my LIC policy?
Guaranteed Surrender Value: The policy can be surrendered after it has been in force for at least 3 full years. The Guaranteed Surrender value will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.
Can bank employee become LIC agent?
No, A Bank Employee can’t! If it is a Pvt Bank, obtain the permission from Bank Authority then only he can apply! Any Employee If Interested he can take on his Spouse Name! Provided His Spouse with SSc or Intermediate Qualification! … Afterwards She will get LICENCE to act/work as LIC Agent!
What will be the maturity amount of LIC Jeevan Saral?
No minimum age is required at the time of maturity whereas the maximum maturity age is 70 years. Individuals belonging to the age group of 12-49 years have to pay a monthly premium of Rs. 250 while the individuals belonging to the age group of 50-60 years have to pay a monthly premium of Rs. 400.
How can I know my LIC policy premium?
Check LIC Policy Status Online (For Registered User)Step 1:You must visit the e-Service Portal of LIC. … Step 2:You will need to enter the login credentials namely, your User Name and Password.Step 3:Once you’re logged in your Services Account of LIC, you will see various options related to the account or your policy.More items…
How can I join LIC policy?
Process: Contact your nearest Branch Office and meet the Development Officer there. The Branch Manager (I/C) will conduct an interview, and if found suitable, you will be sent to training at Divisional/Agency Training Centre. The training is for 25 hours and covers all aspects of Life Insurance Business.
How can I surrender my LIC policy online 2020?
Documents Required for Surrender LIC PolicyOriginal Policy Bond.Download LIC Policy Surrender Form No. … Bank cancelled cheque leaf (your name should be printed on cheque) or bank passbook photocopy. … Fill LIC’s NEFT Form, if you are not using the above said Surrender Form and submit the same.More items…•
Is LIC policy worth taking?
Yes, investing in LIC policies helps people save on tax, but there are better ways of saving tax like the Public Provident Fund (PPF). Between 2009 and now the returns on PPF have never gone below 8%. In fact, currently the rate of interest on PPF is at 8.1%.