LIC User Reviews
Claim Settlement Ratio | 98.62% |
Customer Care | 8:00 AM to 8:00 PM |
Death Benefit Paid For | 73,3809 Policies |
Inception | 1956 |
Presence | 2048 Branches |
Total Death Benefit Paid | 12797.85 Crore |
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.
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- Tax benefit upto 1,50,000*
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Claim Process at LIC Life Insurance
FAQs
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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.
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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.
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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.
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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.