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The best policy offered by LIC in my opinion is Jeevan Anand, where the policy holders gets SA and guaranteed addition on maturity,after which they get whole life coverage without paying a single premia. The nominee gets the SA in the event of death during the period. However, they can encash this facility at the time of maturity against some proportionate deduction. Thus, this policy is an unique combination of endowment and whole life policy concept.

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Q: Which insurance policy is best Postal Life Insurance or LIC?
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How do you check your present status of Postal Life Insurance policy?

Call your state insurance commissioners for the insurance company's contact info and call the insurance company. mcdlife.com


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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.


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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.


Why postal life insurance policy is best?

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There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.


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The Policy Holder of a life insurance policy is the executor of the said policy.


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One way to find a lost or missing life insurance policy is with the help of The Center for Life Insurance Disputes. They can help you locate policies that have been lost or forgotten about.


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Is permanent life insurance the same as whole life insurance?

Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.