What is the latest news about LIC?
LIC increases stake in Dr Reddy’s from 3.64% to 5.65% LIC said the holding increased from 3.644% to 5.646%, an increase of 2.002% during the period from September 3, 2021 to June 15, 2022 at an average cost of Rs 4670.46 per share.
What is the benefit of LIC new endowment plan?
LIC’s NEW ENDOWMENT PLAN (UIN: 512N277V02) This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
Is LIC of India shutting down?
‘ “We refute such false rumours and we would like to assure our policyholders about its sound financial health and urges them not to take cognizance of such misleading news,” according to an official statement of LIC quoted by news agency PTI.
What is the new name of LIC of India?
Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India….Life Insurance Corporation.
| Yogakshemam Vahamyaham | |
|---|---|
| Type | Statutory Corporation established by an Act of Parliament- LIC Act 1956 |
| Founded | 1 September 1956 |
| Headquarters | Mumbai, India |
Is LIC new endowment good?
Unlike pure term insurance plans LIC endowment plan is beneficial for those who want to have a disciplined saving long with life coverage. The combination of saving cum protection provides a financial cushion to the family of the deceased insurance holder during the tenure of the policy.
What is commission of LIC agent?
There isn’t any fix salary from the LIC for the agents. Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.
Is LIC in loss?
The government owned life insurance behemoth LIC has lost ₹1.2 lakh crore ($15 billion) investor wealth in a month — since it was listed on the stock exchanges….Size does matter.
| LIC | % change |
|---|---|
| Last 5 days | -11% |
| Last 1 month | -23% |
What is new Jeevan Anand plan 815?
This is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump-sum at the end of the selected policy term in case of his/her survival.
Which is the best guaranteed income plan?
Best Traditional Plans in India
| Plan Name | Plan Type | Policy Term |
|---|---|---|
| India First Maha Jeevan Plan | Endowment Plan | 15-25 years |
| Kotak Assure Income Accelerator Plan | Endowment Plan | 15,20 or 30 years |
| Max Life Guaranteed Monthly Income Plan | Money Back Plan | 6 – 11 years |
| PNB Metlife Money Back Plan | Money Back Plan | 10 years |
Is there any 5 years LIC policy?
As a pure term protection plan there is no maturity benefit offered by the policy….LIC Anmol Jeevan II.
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Sum Assured Amount | Rs.6,00,000 | Rs.24,00,000 The sum assured should be in multiples Rs.1,00,000 |
| Entry Age | 18 years | 55 years |
| Maturity Age | – | 65 years |
| Policy Tenure | 5 years | 25 years |
What is maturity value of LIC policy?
The term “Maturity Value” in general refers to the final amount that the policyholder or investor will receive at the end of the term. At many times, the maturity amount is amortized, but, in policies, it is paid in lump sum along with bonuses.
What is the LIC of India it plan?
It is a non-linked, limited premium payment, the with-profit money-back insurance plan that provides both the benefit of savings and protection. This LIC of India plan is specifically designed for individuals with high net worth.
How many zonal offices does LIC have in India?
The Life Insurance Corporation currently functions with 8 zonal offices and 113 divisional offices. The LIC of India provides a wide range of life insurance plans from pure term insurance policies to savings and investment products.
What are the different pension plans offered by LIC of India?
These are the three pension plans that LIC of India offers: The LIC New Jeevan Shanti plan is the single premium plan wherein a policyholder has an alternative to select between joint life and single life deferred annuity.
Is there any free plan presentation software for LIC?
LIC Plan Presentation Software – Free Download. LIC Plan Presenter from InsuranceFunda is an excel based plan presentation software which can help you to get a clear idea of all popular plans from LIC. It can help to compare all the benefits of plans such as insurance coverage, tax benefits, loan availability, maturity benefits etc.