LIC’s New Jeevan Nidhi Plan

Life Insurance Corporation, known popularly as LIC has launched a new Pension Plan recently. Called New Jeevan Nidhi Plan, it is a conventional with profits pension plan which provides for death cover during the deferment period and offers annuity on survival to the date of vesting.

Anyone in the age group […]

Life Insurance Policies for NRIs

Ma Foi Randstad Workmonitor Survey 2011-Wave4. India, identified that more and more Indians wish to go to foreign nations for employment. Large number of Indians are doing good in other countries, earning well and also getting recognition of the contribution they make to the country they have adopted to pursue growth and achievements. […]

Insurance Ombudsman in India

About Governing Body of Insurance Council

The Governing Body of Insurance Council (GBIC) has been established under Redressal of Public Grievances Rules 1998, to set-up and facilitate the Institution of Insurance Ombudsman in India.

The Governing Body of Insurance Council consists of one representative each from all insurance companies; […]

LIC Launches Jeevan Vridhi

LIC’s JEEVAN VRIDDHI (UIN: 512N268V01)

LIC’s Jeevan Vriddhi is a single premium plan wherein the risk cover is a multiple of premium chosen by you. On maturity this plan offers a Guaranteed Maturity Sum Assured and Loyalty Addition, if any.

1. Benefits

i) Death benefit: On death, Basic Sum Assured shall be payable. […]