Query on LIC Policy
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 [...]
LIC Jeevan Nischay
Introduction
In this article I will be writing about the new policy introduced by the LIC last month, which can be taken as the top up policy on the another existing policy. This article presents some of the key facts on that new policy. If you have any doubts please post it in the comments section. Please subscribe [...]
How to revive lapsed LIC policy?
Introduction
This article explains how to revive the lapsed insurance policy in case of failed in paying the premium. It is one of the most common problem for the policy holder, they may miss the due date for several reasons and tend to revive the policy later. It involves certain procedures and penalty for reviving the [...]
Insurance Agent Commission may continue
In my previous article I have written about the proposal on removing the insurance agent commission by D Swarup, the chairman of the Pension Funds Regulatory & Development Authority (PFRDA). Also I have mentioned that agents are the key to getting the more business for the insurance companies and they are the key driving factor. [...]
Life Insurance FAQs – Part 1
Introduction
This blog post answers few questions related to Life Insurance policies. Frequently I am getting questions from our readers in various topics. I have decided to compile all the questions and post in the each topic regularly. Here I am starting with LIC policies. Hope this will clear your doubts. If you have any questions [...]
How to find Surrender value of your LIC policy?
Introduction
In this article I will be article about the surrender value of LIC policy. Bsically the surrender value is the case value of your policy which can be paid if you are planning to discontinue the policy before its completion. It has few calculations and restrition to apply for the surrender value. This article explains [...]
What documentation is required to open a senior citizen Fixed Deposit?
While opening the account, the customer needs to provide proof of age establishing that he/she is a Senior Citizen. To accomplish this, either of the following can be submitted:
Secondary School Leaving Certificate (10th Class)
LIC Policy
Voters Identity Card
Pension Payment Order
Birth Certificate issued by the competent authority
Passport
Defence ID Card / Govt ID Card (Provided they have the [...]
