Community Q&A
Ask questions, share knowledge, and learn from fellow policyholders and agents
6
Questions
22
Answers
4
Resolved
12
votes
3
answers
Which LIC plan is best for a 30-year-old salaried person?
I am 30 years old, married with one child. Monthly income is Rs.50,000. I want a plan that gives good returns and also covers my family. Should I go for Jeevan Anand or Jeevan Labh?
8
votes
2
answers
How to revive a lapsed LIC policy after 3 years?
My father's Jeevan Anand policy lapsed 3 years ago. He paid premiums for 8 years. Can it be revived? What documents are needed and how much interest will we need to pay?
15
votes
4
answers
Can NRIs buy LIC policies online from abroad?
I am an NRI in Dubai. Can I buy a new LIC policy online? What are the payment options? Can I pay from my NRE account?
20
votes
5
answers
LIC Bima Kavach vs private term insurance. Which offers better value?
I am comparing LIC Bima Kavach (min Rs.2 crore) with HDFC Click 2 Protect and Max Life Smart Term. The private plans seem cheaper. But is the LIC government backing worth the extra cost?
6
votes
2
answers
How to calculate maturity amount for Jeevan Labh Plan 736?
I have Jeevan Labh with Rs.5 lakh SA, term 21 years, PPT 15 years. Premium is around Rs.29,000/year. How do I estimate the maturity amount? What bonus rate should I assume?
18
votes
6
answers
Is LIC SIIP a good alternative to mutual fund SIP?
I am doing mutual fund SIP of Rs.10,000/month. My friend suggested LIC SIIP instead because it gives insurance cover also. Is this a good idea? How do the returns compare?
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