Query on LIC Policy

December 29, 2009

Insurance, Life Insurance

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In this post I am answering one of the query I received through Ask Your Questions.

Question:-

I have been holding a LIC policy since 2001. I will be migrating to USA from the next year. Can I continue the LIC policy in abroad?

Answer:-

Yes. You can continue the policy when you are outside India. You can either send the premium from abroad or using the Indian bank. Also you can use the online premium payment.

The sums payable under the policy on maturity or death will, however, be paid in Indian rupees, in India.

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27 Responses to “Query on LIC Policy”

  1. U PRASHANTH NAYAK Says:

    DEAR SIR PL FIND OUT SERENDER VALUE OF POLICY NO 635003809

    Reply

    • s.venkatesan Says:

      Dear Prashanth nayak,

      How long years you have remitted lic premium. premium amount is needed to calculate serender value of your policy.

      venkatesan, lic advisor
      9444476149

      Reply

    • s.venkatesan Says:

      Dear Prashanth nayak,

      How long years you have remitted lic premium. premium amount is needed to calculate serender value of your policy.

      venkat, lic advisor
      9444476149

      Reply

  2. Gunjan Says:

    My husband has bought an LIC policy and put my name in nominee, I am still continuing my maiden name and hence my last name and husband’s last name differs .We have marraige certificate .
    Is this policy vaild having differ last name …

    Reply

  3. gagan jit tanwar Says:

    dear sir,
    I have (ULIP Plan)policy No. 813603760 dt. of commencement 14/3/07. I have paid three yearly instalment as i have been guided by LIc agents. Agents told me to pay only 10,000 per year for three year. Which has been paid by me. Now i received letter from LIC that my policy has lapsed dur non payment for foruth Inst.
    What to do
    request advise

    Reply

  4. Rakesh Kaushik Says:

    I have a policy Jeevan Saral Table No. 165 of Rs. 1000/- Per month for 10 years. How much I will be received after the maturity of the policy.

    Reply

    • s.venkatesan Says:

      Dear Rakesh Kaushik

      in Jeevan saral table No: 165, after 10 years, the maturity value of the policy for Rs. 2,00,000/-

      Regards,
      venkatesan
      9444476149.

      Reply

  5. SEENUKUMAR Says:

    MY POLICY NO:736361097

    I WOULD LIKE TO KNOW ALL DETAILS AND BENIFITS.

    POLICY VALUE, NEXT PREMEIUM DATE AND AMOUNT

    Reply

  6. SANDEEP Says:

    i took a LIC policy money back bhima gold for 12 years paying a yearly premium of 29500. after 4 & 8yrs Inr 75000 resp will be paid back and 12 yr maturity. is it advisable to continue.my question if i redem my policy after 4 years how much amt i will be getting ? ie (29500 *4 year premium) minus 75000 already took

    Reply

    • ashish Says:

      plzz do;t think about to surrender this policy, bczz this is the policy where u can continue ur life coverage without paying premium after maturity date.

      Reply

  7. sandeep mishra Says:

    hi my father took lic police long back but due to some problem he could not Carrie the policy but now he has dead so i need to cliam my dad policy so if u can help me in this i have the policy no. right now
    120591236

    so i will be thanks to u if help me out

    Reply

  8. mangesh Says:

    i have been enjoy lic-jeevan saral policy with profit for last 3 yrs
    now i want to surrender the above same so i requested u that
    kindly forward me a surrender value my policy no.893751030

    i waiting for ur reply

    Reply

  9. Abhishek Jain Says:

    This is Abhishek Jain, I am LIC Agent. If any one required LIC policy please contact me I will suggest good plan for same. And I will return 20% of first premium.
    Contact Number: 9619530884

    Reply

  10. veena Says:

    I would liketo know the differences between the Money back policies (Min Premium amount) Policiy Maturity year, Survival and death benifits etc.

    Reply

  11. sanjay bhartia Says:

    i want to get full details about policy of table no 902

    Reply

  12. mukhtiar singh Says:

    my policy no is 300305784. under this policy i pay hly premium of rs. 1687. the doc is 28/04/2004. i want to know that can i pay the remaining payment in lumsum. if t is possible then please guide me on my email address.
    very thankful to you.
    MUKHTIAR SINGH

    Reply

  13. k.p.sethumadhavan Says:

    My policy number is 953623567. I would like to know the surrender value of my policy.

    Reply

  14. fazir Says:

    Iam holder of the following policies:
    792109949
    793724368
    793724369
    793724370
    794844720

    Please let me know what will be the surrender valude of each as of date.
    Also let me know whetrher I can stop paying premium now and will this affect the maturity value.

    If i continue paying premium till the term then wht will be the benefits

    Fazir

    Reply

  15. ALFONCE PAUL Says:

    Hello Sir/Mam
    My name is Alfonce paul,& My Date of birth is-30-10-1984,(Height-174cm, Weight-65 Kg) I’m a b’tech 2nd year student.
    I have to buy a life insurance policy (term 30-40 years)for (5 lack SA).
    Plz tell me Wich insurance company provides me more benefits in lowest primium yearly,& also tell me which policy will take life insurance cover.
    Plz reply me as soon as possible,My E mail Id is alfoncepaul@rocketmail.com

    Reply

  16. Deepak kumar singh Says:

    Sir I have one policy bearing No-612858206 on my name & the amount of Rs.450/ is deducting every month from my salary,which LIC office is at Bangalore ,now i am transfering and shifting to Bihar.What i have to do to transfer my policy from Karnataka to Bihar.

    Reply

  17. Anurag Says:

    Hi,
    I want to change the bank account of my policy(from which the money is deducted), I want to know the process??

    Reply

  18. Arivazhagan Says:

    Hi,

    My father have expired in saudi recently and we got the original death certificate one number, when i requested for more copies they said only one true will be given.
    When i came to LIC to claim my fathers insurance they said that they need only original and cant accept the attested copies.

    i will be greatful if any body advice me what shall i do further to obtain my fathers insurance.

    Thanks & Regards,
    Arivazhagan B
    +919789655430

    Reply

  19. sonya Says:

    hello sir, i have a query regarding my lic policy
    i am the nominee and the policy is on my dads name
    3 years will be completed next month
    my problem is that …my dad is missing since 6 months and i want to withdraw the amount that is there with lic. is there any way to do that ?
    please help me !!!

    Reply

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