Posts Tagged ‘lic’

LIC credit card launch date March 31 2009

March 30th, 2009

Tomarrow your wait for the LIC credit card will be over most probably.

LIC in calloboration with Karnataka based Corporation Bank launch  its white-labelled credit cards.The bank would be the card issuer for LIC Corp.

LIC would decide the launch-date but it is likely to be either March 30 or 31, Bhat said.

The card was earlier scheduled to be launched in January. The launch was delayed since the card is a white-label credit card which requires some formalities to be completed. But now we have sorted all the issues and have made all the preparations to launch it, Bhat said.

Jeevan Amrit Lic Insurance policy Benefits

March 12th, 2009

Jeevan Amrit Lic Insurance policy   – Benefits – Features

About LIC Jeevan Amrit Plan:
This is suitable for the younger ones who desires  high cover at a low cost and do not want  to pay premiums for a longer duration. Under this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.

Options:

You may choose Sum Assured (S.A.), Premium Paying Term, Policy Term and Mode of premium payment.

Payment of Premiums :
Option to pay premiums yearly or half-yearly during the premium paying term of 3 or 4 or 5 years.

Eligibility Conditions and Other Restrictions :
Minimum Entry Age     :  12 years (last birthday)
Maximum Entry Age     :  60 years (nearest birthday)
Maximum Maturity Age     :  70 years (nearest birthday)
Minimum Sum Assured     :  Rs. 1,00,000
Maximum Sum Assured     :  No limit
Premium Paying term     :  3 to 5 years
Policy term     :  10 to 30 years

If you are not satisfied with the “Terms and Conditions” of the policy you may return the policy  within 15 days.

Check more details at LIC website here