Ask an Expert - Your Personal Insurance Advisor

It totally depends on how much premium and how much risk cover LIC offers you with. If the same can be issued without income proof then there is no concern. However, for a clarification regarding the same, you need to contact the nearest branch of LIC or any agent and check with them since they... Read More>>

The Premium for LIC Jeevan Anand Plan cannot be reduced in year 2. However, you can apply to LIC and check if they approve of the same since that is not a part of the policy conditions.

Dear Dinesh,

The exact maturity amount and all can only be calculated according to your age and health condition. However, some good LIC Plans are LIC Jeevan Saral Plan and LIC Jeevan Anand Plan.

Dear Ganesh,

You need to contact your nearest LIC Branch for the same. It totally depends on which plan you have taken, how many years of premiums you have paid, etc.

Even if your policy lapses, then also you can revive the same within 2 years from the due date of the premium with some interest and your original policy bond. So, no worries, all you need to do is contact the nearest branch of LIC with the original policy bond and a covering letter and they would... Read More>>

You can opt for LIC Jeevan Saral Plan. It is one of the best plans of LIC where the premium amount is decided by the policyholder and he gets 250 times the monthly premium as Sum Assured. If the Life Insured survives the entire term, then he would receive Maturity Sum Assured + Loyalty Additions.... Read More>>

LIC Jeevan Saral is a good life insurance plan. It will give you guaranteed returns at the end of the policy term. Please do not make all your important financial decisions listening to agents and friends. Do some research on your own.

You need to check with LIC for the exact status as we would only be able to provide a review of the plan and not the status. That being confidential information would be available only to you.

Hi,

LIC Jeevan Arogya Plan says that if you get a claim in 1 particular year, then you are not eligible for a No Claim Bonus. There is no mention of waiver of premium because of any claim in this plan.

Click her to read full review of LIC Jeevan Arogya Plan

Please specify where it is mentioned so that... Read More>>

Hi,

There is no logic of discontinuing a plan that has been taken for the child's future. This isn't a return oriented plan at all and hence return should be the last of the concern.

LIC Child Career Plan is a Money Back Endowment Plan for the benefit of a child such that Sum Assured plus Bonus is... Read More>>