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Life Insurance Policy News

Life Insurance Policy- What to Do If You Have Misplaced Your Original Policy Document?

Receiving a life insurance claim is simple if you have all of the necessary documentation. To file a claim, you simply need to contact the company and provide the necessary documentation. However, it becomes tedious if you do not have any ...

How To Claim Maturity Benefits On Insurance Policies?

Few of the insurance policies including endowment plans come with maturity benefits (bonus, survival benefit) that can be claimed only when all the premiums towards the policy have been duly paid and the policyholder survives through the term of the ...

Should you Surrender a Life Insurance Policy or Make it Paid-Up?

The terms paid-up value and surrender value come become relevant when the policyholder is thinking about discontinuing his life insurance policy. For instance, Rhea is dissatisfied with her current life insurance plan. She has discovered another, better plan and wants ...

Reinstatement of a surrendered life insurance policy: Is it possible?

You might have heard or even may have gone ahead with the revival of your lapsed insurance policy. But, yes the surrendered policy subject to compliance with some terms and conditions by the life assured can also be reinstated. Only some ...

LIC to stop selling 14 life insurance policies

Indian insurance giant Life Insurance Corporation has decided to stop selling as many as 14 policies, including Jeevan Mitra and Anmol Jeevan. Of these 14 products, LIC has already withdrawn seven policies, including Convertible Term Assurance and Children Deferred Endowment ...

Reliance Life offers policies in electronic demat form

MUMBAI: Private insurer Reliance Life Insurance Company today said its life insurance policies will be available in electronic demat form across all its products. "The electronic insurance account will eliminate repetitive KYC requirements and provide one view of policies, premium ...