LIC online plan

No Claim rejection after 3 yrs if you have Life insurance policy If your policy is 3 yrs old, no matter what happens, the life insurance company will not be able to deny the claims. There was  an amendment in the sec 45  of the Insurance Act 1938, and due to that now onwards a policy can’t be denied a claim because the policy-holder gave some wrong information. As per IRDA, the company has 3 yrs in hand to detect any misrepresentation or misstatement from the customer side and reject the policy. However, once this period is over, the insurer will have to settle the claims.

Best LIC Plans of 2019 Life Insurance Corporation (LIC) of India provides a range of Life Insurance plans which are made to serve various requirements of customers. LIC has endowment plans, money back plans, children's plans, single premium plans, annuity (pension) plans, term plans etc. A person can take one, more than one or combination of different policies for the purpose of risk cover, savings, children's education, retirement planning, tax saving etc. Here, three best policies of LIC with their features and benefits are being given; in case of any help, please fill following form to contact a certified insurance advisor to know the complete details of these plans. 1. LIC Jeevan Anand is the most sold plan of LIC for 18 to 50 years age group; it provides risk cover during policy, good return on maturity and post-maturity risk cover. This plan is most suitable for saving, tax planning, and tax free maturity for retirement etc. The most exciting feature of this p...