FAQs

Q) Which is the largest insurance company in India?
A) LIC of India

Q) Which insurance company is the top market share in India?
A) LIC of India

Q) What is the market share of LIC Of India?
A) 76%

Q) Which is the best insurance company in India till date?
A) LIC of India from 1956 to till date

Q) Are you in TRA’s Brand Trust Report 2019? (Most-trusted brands)
A) Yes, Among the top 100 trusted brands LIC is the 3rd place

Q) Can I put my best friend name as a nominee?
A) No

Q) Can I put my sister and brother name as a nominee?
A) Yes, you can mention your sister, brother and your dependents.

Q) Can I put my 2 years baby as a nominee?
A) Yes

Q) Can I change my nominee name?
A) Yes

Q) How many times can I change my nominee name?
A) You can change Number of times

Q) Can I get the loan on the policy?
A) Yes

Q) When can I eligible for the loan on my LIC policy?
A) After completion of 3 years

Q) Can I get the loan within One year on LIC policy?
A) Yes, you can get the loan after one-year on your Single premium policies.

Q) Can I get the loan on my Term Plan?
A) No

Q) Can I get the loan on my Health policy?
A) No

Q) Can I get the loan on my Jeevan Santhi pension policy?
A) Yes

Q) Can I get the loan in any branch of India?
A) Yes, through the online process you will get it. You should submit your original policy bond to them.

Q) Can I pay the loan interest through online?
A) Yes

Q) Is it mandatory to submit Original LIC bond for a loan?
A) Yes

Q) If I lose my LIC bond can I get a new one?
A) Yes you can get it from your service branch

Q) Can I take a policy for a newborn baby?
A) Yes, after completing 90 days from the birth (birth certificate is mandatory).

Q) Can Non-earning person get the LIC policy?

A) Yes

Q) Can I make the policy premium at any branch?
A) Yes, you can make the payment all over India at any branch.

Q) Without an agent can I get the policy?
A) Yes, you can take term and pension policies. Agent or qualified advisors are the better options for your best service. Most of the cases their witness is important to you.

Q) Can I give the premium money to agents?
A) Not recommended. Nowadays you have a number of ways to pay your premiums. ( Nearest LIC branch, Cheque, Online direct-pay, Mobile App, Debit card, credit card and net banking etc..

Q) Can I pay the policy premium through Paytm?
A) Yes

Q) Can I pay the policy premium with a credit card?
A) Yes

Q) Can I get any message for LIC policy renewal?
A) Yes, LIC office will send you the policy renewal amount message to your registered mobile number.

Q) Can I change my LIC policy payment mode?
A) Yes, you can change to your service branch.

Q) What are the payment modes available in LIC policies?
A) Monthly, Quarterly, Half-Yearly and Yearly.

Q) Can I transfer the policy from one state to another state?
A) Yes

Q) Can I transfer the policy from one branch to another branch?
A) Yes

Q) Can I change my address and nominee name?
A) Yes

Q) Can I take the policy in my only hometown or anywhere?
A) Not only hometown, but you can also take the LIC policy anywhere in India

Q) I am NRI can I take the policy in India?
A) Yes (with NRI rules you can take the policy in India)

Q) I am 55 Years Old can I take the policy?
A) Yes

Q) I am 58 Years Old can I take the policy?
A) Yes (medical reports needed)

Q) Which is the number one claim settlement insurance company in India?
A) LIC of India

Q) Is LIC providing health policies?
A) Yes

Q) In health policy can I include my father-in-law and mother-in-law?
A) Yes

Q) What are the documents required to get the maturity amount?
A) 1) Policy Bond 2) Bank Account Number and one Revenue stamp 3) Pan card (optional)

Q) What is licbharosa.com?
A) It is an IRDA qualified LIC Advisor portal.