Duplicate Insurance Policy Duplicate Insurance Policy – We have seen that life insurance policy document is only an evidence of a promise. Loss or destruction of the policy document does not in any way absolve the company of its liability under the contract. Life insurance companies generally have standard procedures to be followed in case of […]
Insurance Policy Nomination Vs Assignment Insurance Policy Nomination Vs Assignment Aspects Nomination Assignment What is nomination or assignment? Nomination is the process of appointment of a person to receive the death claim. Assignment is the process of transferring the title of the insurance policy to another person or institution. When can claim for the nomination […]
Insurance Policy – Premium Grace Period The underlying condition for making a claim in the event of the death of the policyholder is that the policy must be ‘in force’. What is meant by policy in force? It means that all the premiums are paid on the due date or else within the grace period […]
Jeevan Shree Loyalty Addition Jeevan Shree Loyalty Addition – Remember, we had projected Loyalty Addition in JEEVAN SHREE @ Rs. 750/– thereby projecting maturity – Rs. 18,12.500/- Now, with declared Loyalty Addition @ Rs. 1,300/- Actual maturity comes to Rs.20,87,500/- for Rs. 5 Lakh Sum Assured *2,75,000/- More than Committed Amount of 5 Lakh Sum Assured .
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LIC Jeevan Labh Plan 836 LIC Jeevan Labh Plan 836 benefits are payable under this policy: LIC Jeevan Labh Plan 836 Maturity Benefit: On Life Assured surviving the stipulated Date of Maturity provided the policy is in force, Sum Assured on Maturity along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable […]
LIC Jeevan Lakshaya Plan 833 LIC Jeevan Lakshaya Plan 833 having following benefits are payable under this policy: 1. Maturity Benefit: On Life Assured surviving the stipulated Date of Maturity provided the policy is in full force by paying up-to-date premiums, Sum Assured on Maturity along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, […]