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Is taking LIC policy worth?

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Is taking LIC policy worth?

Is LIC Plan a good investment? Yes, LIC offers best life insurance plans. If you are looking for investment and protection option under one product, you can consider Endowment or Unit Linked Investment Plan (ULIP) as per your risk appetite and financial objectives.

How is surrender value of LIC calculated?

Special Surrender Value

  1. Formula: {(Sum*Number of installments) +bonuses (if any)}*surrender value factor/percentage.
  2. How to Calculate Special Surrender Value? Let us take an example; Aria has invested in the LIC’s New Jeevan Anand policy plan for 15 years for the guaranteed sum of INR 15, 00,000.

Can we complaint against LIC agent?

Call Toll Free Number 155255 (or) 1800 4254 732 or. Send an e-mail to [email protected].

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How can I complain against LIC agent?

Contact LIC Call Center at +91-02268276827 Services are now available 24*7 in English, Hindi and 8 Regional Languages.

  1. Customer Zones :
  2. Toll free no. 18004259876 for Health Insurance policies from 10 AM to 5 PM on all working days.
  3. Our trained executive will talk to you.

How do I cancel my LIC policy?

How To Surrender LIC Policy

  1. Original policy bond documents.
  2. Request for surrender value payment.
  3. LIC Surrender form- form 5074.
  4. LIC NEFT form.
  5. Bank account details.
  6. Original ID proof like Aadhar card, pan card or driving license.
  7. A cancelled cheque.
  8. Hand-written letter to LIC stating the reason to discontinue.

How can I make correction to my LIC policy?

LIC allows policyholders to make different kinds of alterations in their policy document. However, this process cannot be done online. The policyholder must provide a written application of the required alteration to the company, and it must be done in person by visiting the branch office.

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Can I withdraw money from my LIC?

A life assured is only able to surrender his/her LIC policy after having paid the premium for about 3 years. LIC provides a certain amount of money to the policyholder while withdrawing the policy online. Single-Premium Policies – Under Single Premium policies, surrenders can be done from the 2nd year of the policy.