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LIC SIIP Plan Life Insurance User Reviews

268 reviews Rate This
LIC
Highlights
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore
Rating of LIC SIIP
5.0
Based on
8 User reviews

  • Easy Portability

    I recently ported my daughter’s life insurance plan to the LIC SIIP Plan through InsuranceDekho, and the experience has been quite easy and efficient. The customer support team has been understanding and patient with all my queries. Really impressed with the services.  

    C
    Chandan Lamba
    On: Jun 07, 2024

  • Too good website

    I was in search of the LIC of India- LIC SIIP when I found the InsuranceDekho website. Must say I got to learn a lot about life insurance as well as the LIC plans. On talking to the team, I came to know that it would be the best for me. So, thanks to the team! 

    M
    Madhu Bhadarkar
    On: Aug 22, 2023

  • Happy with InsuranceDekho

    I am very happy with the entire team of InsuranceDekho. You guys are so supportive and understanding of the customer’s needs. Because of you, I was able to get the LIC of India- LIC SIIP issued which otherwise would have been a difficult task for me. Thanks a lot! 

    H
    Hitesh Jain
    On: Aug 07, 2023

  • Quick and Smooth Application Process

    The application process for InsuranceDekho policies was quick and smooth. I was provided with a detailed explanation of the different coverage options available. And after much deliberation, I bought the LIC of India- LIC SIIP.

    N
    Nida Khan
    On: Jul 24, 2023

  • A good life insurance plan

    I decided to buy the LIC of India- LIC SIIP from InsuranceDekho as this plan had so many amazing benefits to offer. Moreover, this plan was extremely affordable so I did not have to worry about the budget while buying the plan.

    D
    Deepshikha Narang
    On: Jul 17, 2023

  • Intuitive website

    The website of InsuranceDekho is extremely easy to use. Even as a beginner, I was able to use the website and explore the different life insurance plans available. I eventually bought the LIC of India- LIC SIIP from InsuranceDekho. 

    A
    Aravind Patti
    On: Jul 12, 2023

  • Very less paperwork involved

    There was very less paperwork involved while I was buying the LIC of India-  LIC SIIP from InsuranceDekho. I was able to process all the documents online and thus it saved a lot of effort as well. So, overall the process was very easy and simple.

    S
    Sumit Jain
    On: Jul 06, 2023

  • Comfortable Process

    I bought the LIC of India- LIC SIIP from InsuranceDekho. The overall purchasing process was hassle-free. I bought this plan from their website which was very responsive and informative. Also, the customer support team was only one step away to help me solve my queries. 

    V
    Vansh Rajput
    On: Jun 22, 2023

FAQs

  • Why should I choose the Life Insurance Corporation of India?

    Life Insurance Corporation of India is the oldest and one the largest insurance providers in India. Life Insurance Corporation provides a wide range of Term Insurance, Endowment, Money Back and Whole Life Plans. Life Insurance Corporation has featured a  high claim settlement ratio of 96.69% in the FY 2019-20.

  • What is the grace period of insurance plans offered by Life Insurance Corporation?

    LIC offers 15 days of grace period for the policies with monthly premium payment mode and 30 days for policies with quarterly/half-yearly/yearly premium payment mode.

  • Who receives the claim benefit?

    The claim benefit is payable to the nominee in case of an unfortunate demise of the life assured. In case the life assured has assigned the policy to someone, the assignee will be entitled to the benefits payable under the life insurance policy.

  • Can I file claims for LIC insurance plans online?

    To file a claim for Life Insurance Corporation insurance plans you need to visit the LIC branch office for claim intimation and assessment.

  • What are the types of Insurance plans offered by Life Insurance Corporation?

    Types of Life Insurance Corporation Insurance Plans are:

    • Term Insurance Plans
    • Endowment Plans
    • Whole Life Plans 
    • Money Back Plans.
View All

Claim Process at LIC Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

LIC Life Insurance Contact Details

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