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.
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
postal code of india : http://find-postalcode.com/India
The postal code is: 627811
Probably because, they are the best insurance company in India and have the highest claim settlement ratio
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
When we compare the premium of PLI with LIC Endowment Assurance Plan, the premiums for both the policies were nearly the same. But the main difference was created by the bonus amount offered by both the plans. The bonus paid by PLI is far better than LIC policy. with regards AJITH.R.S POSTAL ASSISTANT VEMBAYAM.PO 695615