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What is Life insurance?
Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.
What is Life Insurance Corporation of India (LIC)?
Life Insurance Corporation of India (LIC) is an Indian statutory insurance and investment corporation headquartered in the city of Mumbai, India. It is under the ownership of Government of India.
The Life insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life
Insurance Corporation of India.
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- 20Year Money Back (920)
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- Saral Jeevan Bima (859)
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- Arogya Rakshak (906)
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- HEALTH PLANS
- RIDER
- LIC’s Linked Accidental Death Benefit Rider
- LIC’s Accidental Death and Disability Benefit Rider
- LIC’s Accident Benefit Rider
- LIC’s Premium Waiver Benefit Rider
- LIC’s New Critical Illness Benefit Rider
- LIC’s NEW TERM ASSURANCE RIDER
- LIC’s Premium Waiver Benefit Rider (With Auto Cover)
Following is the list of documents required while applying for a life insurance policy:
- Duly filled Proposal Form
- Photograph of the Proposer/Life Assured (Adhaar Card, Voter ID Card, Passport etc.)
- Age Proof of the Proposer/Life Assured
- Photo Identity Proof of the Proposer/Life Assured
- Address Proof of the Proposer/LIfe Assured
- Medical Examination Report of the Proposer/Life Assured
- Income Proof of the Proposer/Life Assured
- PAN Card of the Proposer/Life Assured
- Original policy documents.
- Photocopy of identity proof.
- Photocopy of address proof.
- Photocopy of age proof (if not previously submitted)
- NEFT mandate with the bank details.
- A cancelled cheque leaf or a copy of the policyholder’s bank passbook.
- Details regarding any assignment or reassignment.
Documents that are required to be submitted along with above-mentioned forms include original death certificate, original policy bond, nominee’s PAN card, copy of either nominee’s Aadhaar card, voter ID, driving license or passport, and any ID proof of the deceased policyholder (preferably Aadhaar card)
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