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FAQs
Life Insurance
Sr. No. Topic
1. When can a nomination be done?
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?
18. What are the additional requirements to be fulfilled to settle death claims on LIC policies?
19. What are the requirements to be fulfilled for settling maturity claims of LIC?
20. What is the procedure for applying for a housing loan against my LIC policy?
21. What is the Unit-Linked Insurance Plan (ULIP)?
22. What is Nomination ?
23. What is Assignment of an LIC policy?
24. What do you mean by a paid-up LIC policy?
25. How is the Paid-up value of an LIC policy calculated?
26. What benefits are not accrued to a Paid-up LIC policy?
27. Should I allow my LIC policy to become a paid-up one?
28. What is the Free Disability Benefit on LIC policies?
29. What is the date of commencement of risk for LIC policies?
30. What is an Annuity?
31. When do you receive Annuity payments on LIC policies?
32. Who can attest the discharge vouchers of LIC policies?
33. Who should sign the Form of Discharge in case of LIC policies?
34. How can an NRI pay the premium on his LIC policy?
35. Can NRIs take Foreign-Currency policies of LIC?
36. What are the types of schemes offered by LIC to NRIs ?
37. Is there any other benefit of buying insurance other than the risk cover?
38. What are Loyalty Additions on LIC policies?
39. What is Surrender Value?
40. What are the conditions under which my LIC policy may lapse?
41. What is the Double Accident Benefit (DAB) on LIC policies?
42. What do you mean by Guaranteed Additions on LIC policies?