LIC Health Shield is a fixed-benefit health plan. In simple words, it pays you a fixed amount of cash when you or your family are in hospital or have surgery, whatever the actual bill is. However, it is not a mediclaim policy. So it works best as an extra layer on top of a regular … Read more
Back in our school days, before we had any idea about insurance or investments, the only name we knew was LIC. Back then, savings simply meant LIC. It was a good thing because awareness was low, and people feared losing their money. LIC was, and still is, a trustworthy and strong brand. But now, we … Read more
LIC of India has a solvency ratio of 1.85 as of March 2022. LIC is a public sector and financially a well stable company. Solvency ratio is a very important factor to consider while selecting an insurer. IRDAI publishes the solvency ratio of LIC on quarterly basis (i.e. June, September, December and March) in their … Read more
Started operations in 1956, LIC of India is India’s largest, oldest and most trusted insurance and investment company. It is governed by the Government of India. LIC Claim Process Overview LIC provides a simple and quick free claim settlement process. It has 98.62% of claim settlement ratio in the FY 2020-21. The company offers only … Read more
LIC Bima Ratna is the first plan launched after the LIC IPO. A newly launched non-linked, non-participating, individual, life insurance savings plan. It offers a combination of savings and protection at the same time. Provides financial support to the family in case of an unfortunate death of the policyholder during the policy term. Plan Name … Read more
LIC Dhan Sanchay is a newly launched non-linked, non-participating, individual life insurance savings Plan. Offers a combination of savings and protection at the same time. Provides financial support to the family in case an unfortunate death of the life assured during the policy term. Plan Name LIC Dhan Sanchay Table No. 865 UIN No. 512N346V01 … Read more