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.
Term plan is one of the cheapest form of insurance. A term policy is life coverage policy. AEGON Religare Life Insurance (ARLI) recently announced the launch of the AEGON Religare iTerm Plan. It is one of the best term insurance plan in India.
Government Owned Life Insurance Corporation of India, with 85% market stake, is the best life insurance service provider in India and there is no doubt about it at all.
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.
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.
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
It is not important to have a life insurance policy.
There are many life insurance company in India provide a service for life insurance but as per my experience ICICI Lombard is the best one for getting life insurance in India which provide a good online service for insurance customers.
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.
The Policy Holder of a life insurance policy is the executor of the said policy.
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.
nation wide beaz
In India, there are a number of Pension Policies in the life insurance segment like Jeevan Akshoy, Jeevan Nidhi.