LIC's JEEVAN RAKSHAK (WITH PROFITS) . shall stand altered to such Plan of Assurance as is granted by the (i) Instalment premium for Basic Plan and. Benefits. Policy Document attached file is in PDF Document Format. LIC's Jeevan Rakshak Plan is a participating non-linked plan which offers a combination of. ) with effect from 19th August,. The Unique Identification Number (UIN) for LIC's Jeevan Rakshak Plan is NV This number has to be quoted.
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PRERANA Book update of Safal Institute of Professional Studies. PLAN LIC's JEEVAN RAKSHAK. (Cir: PD/57 Dtd 16/08/, U&R/ Dtd 19/08/, . LIC Advisor [email protected] Jeevan Rakshak Plan. ELIGIBILITY CONDITIONS. Age at Entry. 8 to 55 Yrs. Policy Term. 10 to 20 Yrs. Age at Maturity . LIC Jeevan Rakshak Policy is a participating endowment plan which provides both investment and insurance benefits. Since it is a participating plan, bonus.
There are more than 1. Other collection centers also are gradually being enabled for premium collection. No service charges are required to be paid by the policyholder. At present, there are approximately 33, authorized Agents across the country who can collect the premium including ULIP and HI Policies in cash and cheque and issue receipts instantly.
Premium collection through Retired Employees: Selected retired LIC Employees are also authorized to collect the premium online and issue receipt instantly.
At present more than Retired Employees are authorized across the country who can collected premium for all policies. Presently 73 Customer Zones are operational. Customers can contact these offices from8. Claims Disputes Redressal Committee CDRC : The Corporation pioneered the initiative ofintroducing an internal review mechanism to give an opportunity to the claimant to appeal for review,when a claim is repudiated by the Divisional Office.
Such Committees are functioning in all our eight ZonalOffices.
PROFILE Grievance Redressal Machinery: Policyholders' Grievance Redressal Officers have beendesignated in all the offices of the Corporation, who can be approached by policyholders for redressal oftheir grievances, on any day but particularly on every Monday between 2.
Banks under Corporate Agency agreement. At present, we have about Outlets under these Banks and our efforts are to makeeach one of them contribute their best.
Apart from the banks, we have tie up with 85 Corporate Agents. Among the brokers, 74 were activeduring the financial year During the year, Corporation Bank occupied No. Central Bank of India occupied No. Its mission is to enhance market presence byadding substantial number of agents through CLIAs to improve market share.
There is no restriction onthe number of agents that a CLIA can supervise. During F. There was de-growth of As on There are supervised agentson roll. The Direct Marketing has successfully become a supportive Channel of LIC by creating new systems forbusiness generation, sales process monitoring and business process with a view to reach out to untappedmarkets and provide improved buying experience to customers.
The Call Centre Executives ensure that all the onlineleads are contacted and all the customers who log in on our web site are assisted and navigated throughthe system seamlessly. New Jeevan Mangal, introduced on The premium paying term is two years less than the policy term.
Premiumcollection using Mobile Application was launched on The policy holder receivesacknowledgement of his remittance through a SMS. It is our endeavor to maximize collections throughpremium points and using Mobile Applications. Micro Insurance Business Vertical has completed 4.
North Zonewas the highest contributor with policies South Zone was thetopper in achievement to budget with We have posted a growth rate of In all, 79, Agents have sold Health Insurance during the year.
Currently, we are marketing one product viz. This plan is offered to Individuals and fixedBenefit is paid irrespective of actual expenses, subject to Policy Conditions.
During the year , out of 20, claims intimated, An amount of Rs Being the largest insurer in India, LIC has always explored all the avenues that technologyoffers to provide the best of services to its valued customers and other stakeholders.
Tax benefits on Life insurance may reduce the cost of insurance. But, it should not be THE deciding factor.
The maximum Sum Assured offered in this plan is just Rs2 Lakh. This amount is payable on death or maturity. So, the value of Rs 2 Lakh is very less say after 20 years. The returns on these policies are below the average rate of inflation.
So, they do not create wealth for you. Before buying life insurance policy try to evaluate if the sum assured is sufficient to cover your life?
Is the premium affordable? Can the family members lead the same standard of living in case of any unfortunate event? Choose the right policy and cover.