Surrendering a Postal life insurance policy in India requires going into the Post with adequate documentation. After a suitable waiting period it is necessary to present the case to a magistrate for full approval.
After your policy has covered three year's period bench mark, your postal life policy can be surrendered on request,as prescribed in the policy bond.
postal life insurance is guranteed by govt of india.low premium and highest bonus.no hidden cost.welfare measure of govt of india for govt employees only.
Government Owned Life Insurance Corporation of India's New Jeevan Anand Policy is at present the best insurance policy in India, which is a mixture of endowment and whole life policy, which is indeed novel and unique in the whole world.
yes
In India, LIC of India sells health policy viz., Jeevan Arogya. But technically, health insurance policy comes within the purview of general insurance. Star Health & Allied Insurance Co.Ltd. in the general insurance sectors sells only Health insurance polcies.
The functions of Life Insurance Company of India are to educate people on insurance needs and benefits, and then help them select a policy that fits their needs. LIC of India also handles pension plans.
The postal code is: 627811
postal code of india : http://find-postalcode.com/India
In Short - NO. However it is entirly depands on the individual policy contract. as a thumb rule - cancelled life insurance policy is not reinstatable. Regards, Tarun Bansal Life Insurance Advisor LIC of India - Delhi http://www.savingwala.com
There is a myriad of insurance companies available in India with multiple insurance product. So finding a right health insurance policy is quite difficult. The best way to grab the right policy compare it with the help of best platforms available in market such as Coverfox.com, Policybazaar.com, Policyx.com etc.
Sir, I want to mail a envelop by postal service to India from U.S.A. Please give a postal code for India, so I can add in address of India Thank You
Probably because, they are the best insurance company in India and have the highest claim settlement ratio