Are you or your family members among the thousands of Indians who have an old LIC policy but haven’t received the maturity amount? You might have unclaimed money sitting with the Life Insurance Corporation of India (LIC) without even realizing it! Every year, crores of rupees go unclaimed due to shifted addresses, forgotten policies, or the death of the policyholder without the nominee’s knowledge. The good news? You can now check this free of cost on the official LIC website. In this guide, we will show you exactly how to…
Read MoreCategory: Life Insurance Corporation of India
Find the newest available Insurance from Life Insurance Corporation of India which is India’s government agency providing insurance. Top plans in Endowment Plans, Whole Life Plans, Money Back Plans, Term Assurance Plans and RIDER for Health Insurance
How to Save Tax in India
There are several ways to save tax in India, is the top popular in India, some of the most common methods are:
Read MoreTerminology in Insurance
This is the second part of Insurance Terms named Terminology in Insurance sharing more glossary words of Insurance which are technical words of insurance but to be known to us. Money Back Policy In layman’s language, a money-back policy is where the insurer gets its money back but as per the Life Insurance Corporation – the policy in which the policyholder gets periodic survivance payments during the term of the Policy and lumsum amount on surviving its terms. In this, the beneficiary gets the full sum assured on surviving. Moral…
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Right now, insurance terms are more popular in India, people is searching more about which Insurance is best, Life, Health and pension plans. So here are some more words which are common and used in Insurance sector. Accident Benefit In this user may get additional benefit which is equal to sum assured in installment or permanent total disability. Age Limits This is the minimum and maximum age limit of the user that below and above which the request form is not accepted. Agent He/she is the insurance company representative licenced…
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