Life Insurance Corporation (LIC India) History, Wiki Information

LIC India Wiki (Information)

Life Insurance Corporation which is nothing but policy with insurance company with exchange of installment of payment with difference limit which provide sum of payment after policy holder death which we could called as benefit and extra amount after death to our family which is chosen by owner according money or payment gets after death which is approved by government of India by giving contribution of five crore and act of 1956 which means any one can join this LIC service without any fear of fraud, the first or oldest Insurance company in India is National Insurance Company which was founded in 1906 with Life Insurance Corporation also founded in same year. And they approved main terms and condition which is called as Assurance fund which is contract between insurance policy holder and provider where they promises to pay money after summing which is called as premium money depend on death of insured person. As we talk about Life Insurance only company comes into mind is Life Insurance Corporation which oldest and most trusted company of India in the insurance who full fill every given words they told us while buy policy and having really great report from beginning so you can trust them and choose Life Insurance Corporation.

Also Read: LIC India Wiki 

Life Insurance Corporation Of India History

Life Insurance Corporation founded 63 year ago and also second insurance company of India and now this is biggest company of India with estimated asset value of Rs. 1,560,482 crore till 2013 after that in 2015 makes profit of Rs. 10800 Crore in year with huge improvement or you can say graph is always on top if we considering profit result in India Business. Life Insurance Corporation Company has more than one lakh employee all over India and in each city they have more number of office and number of employee are also increasing as per requirement and also they are using latest technology as now days people are loved to do online transaction instead of visiting office and standing in huge line for paying insurance and increasing number of customer which leads to become 367 Lakhs policies are sold out every year, so maintaining this huge response and less number of employee they follow latest technology of payment option so they started with online Policy payment with secure way. So below we provide official website and how to use website.

www.Licindia.in Official Website For LIC Of India

using this portal you can buy Life Issuance policy and also make payment or installment payment online using Bank Account Online Transaction and also can make using an y new app wallet payment can be done which is easy and secure to use approved by government and different bank.

How To Buy Life Insurance Policy

  • Visit: online official www.Licindia.in
  • LIC India Buy Online
  • Then click on Buy Policy online then new window will open in which terms and conditions are given in that you have to read plans which set according to smoker and non-smoker category and then in features you have different mode of payments and after that benefit column in that you have death benefit and maturity benefit after that eligibility column you have expected report of sum assured of your insurance and minimum age to buy policy and minimum policy term and maximum policy term and then read some frequently ask question in that you can find some common question which you have in mind after this

LIC Premium

  • Click on Buy Online Button then there Is lots of about first read about you pin note
  • Then select New Application for e-Term and Resident Indian Citizen then click on Confirm and Proceed before clicking there are some offers will be display on same page which help you pay lesser money on first premium and also if you N R I and already fill offline application you can enter access Id and go for new steps
  • After that you have to fill see calculate premium after selecting package then enter contact details, basic information, previous insurance, medical details and bank details for payment transaction if you choose online payment and declaration in which you get what expected amount you will get with terms of category of smoker and non-smoker which have different amount.

LIC Form

  • Then click on submit then your final policy will be created
  • If you want to pay premium then again visit official portal site click on premium payment in that you have option pay at cash counter and payment through alternate channel you want do payment visiting LIC office then choose pay at cash counter then you have to visit counter and have to do payment with debit card or credit card and if want play premium online you can pay with net banking, debit card and credit card and using authorized bank which are Axis Bank and corporation bank and franchisees are AP online, MP online and SUVIDA infoserve and easy bill pay and in merchant type you have different ways like premium point life plus, retired lic employee.
  • Above payment are approved LIC India

Also Read: Official LIC India Portal

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