LIC(Life Insurance corporation), types, eligiblity and documents required

LIC(Life Insurance Corporation) established in 1956 is one of the leading insurance company in india.

From the starting with 5 zonal offices and 212 branches to 8 zonal offices and 2048 branches, it is the largest insurance provider in the country.

What is LIC(Life Insurance Corporation) ?

It is basically a state owned I surance and investment company.

Hence It provides pension plans, insurance plans,group plans ,unit plans etc.

Eligibility to get LIC insurance?

Salaried, professionals,self employed who are above the age of 18 and below 60 years are igible to get LIC Insurance.

What is the maximum policy terms for LIC Insurance?

The maximum policy term for LIC insurance is 35 years.

What are the documents that are required to get LIC Insurance?

The following documents are require to get LIC policy-

DOB proof (matrication certificate)
Income proof
Identity proof
Address proof
PAN

How to get a LIC policy?

You can either buy a LIC policy through an agent or buy yourself from nearby LIC branch.

There are also various online LIC policies available.

These are LIC e term policy ,LIC’s jeevan Akshay policy, along with Pradhan mantri vyay vandana yojana and LIC’s cancer cover.

How to make payments in LIC policy?

You can make premium payments at any branch directly or online via LIC website using debit card , credit card ,UPI etc.

How to make payment via agent?

While You can pay your LIC premium in the form of cheque.

So Make sure you should issue cheque with the name of company and get a slip after payment.

Written By РDeepak Kumar 

Also Read РWhat is Child Insrunace 

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