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FAQs
Life Insurance
Sr. No. Topic
1. When can a nomination be done? New Information New Information
2. How do I surrender my policy?
3. How do I revive my policy that has lapsed?
4. What is nomination of the policy?
5. Can I change my nomination?
6. How do I notify my change in address?
7. What if I forget to make payment?
8. What If I lose my policy?
9. Can I assign a policy?
10. How do I make a maturity claim?
11. To whom is my death claim amount paid ?
12. How does the nominee/legal heir make a death claim ?
13. What additional requirements are there for an accident claim?
14. What additional requirements are there for a disability claim?
15. What conditions apply to a policy loan?
16. How do I surrender my policy?
17. Do I need to obtain a duplicate copy of my lost policy in case I wish to surrender my LIC policy? New Information New Information
18. What are the additional requirements to be fulfilled to settle death claims on LIC policies? New Information New Information
19. What are the requirements to be fulfilled for settling maturity claims of LIC? New Information New Information
20. What is the procedure for applying for a housing loan against my LIC policy? New Information New Information
21. What is the Unit-Linked Insurance Plan (ULIP)?
22. What is Nomination ? New Information New Information
23. What is Assignment of an LIC policy? New Information New Information
24. What do you mean by a paid-up LIC policy? New Information New Information
25. How is the Paid-up value of an LIC policy calculated? New Information New Information
26. What benefits are not accrued to a Paid-up LIC policy? New Information New Information
27. Should I allow my LIC policy to become a paid-up one? New Information New Information
28. What is the Free Disability Benefit on LIC policies? New Information New Information
29. What is the date of commencement of risk for LIC policies? New Information New Information
30. What is an Annuity? New Information New Information
31. When do you receive Annuity payments on LIC policies? New Information New Information
32. Who can attest the discharge vouchers of LIC policies? New Information New Information
33. Who should sign the Form of Discharge in case of LIC policies? New Information New Information
34. How can an NRI pay the premium on his LIC policy? New Information New Information
35. Can NRIs take Foreign-Currency policies of LIC? New Information New Information
36. What are the types of schemes offered by LIC to NRIs ? New Information New Information
37. Is there any other benefit of buying insurance other than the risk cover?
38. What are Loyalty Additions on LIC policies? New Information New Information
39. What is Surrender Value? New Information New Information
40. What are the conditions under which my LIC policy may lapse? New Information New Information
41. What is the Double Accident Benefit (DAB) on LIC policies? New Information New Information
42. What do you mean by Guaranteed Additions on LIC policies? New Information New Information

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