what is lic and lic policy details

What is LIC?

Hey guys!! Do you know about What is  LIC? And LIC policy details. This article will talk all about LIC. Let us havea look.

Profile of Life Insurance Corporation of India(LIC)

Life insurance Corporation of India was established on 1956 September.it is only public sector of Life Insurance Company of India.

The LIC Head Quarters is located in Mumbai, under the control of government of India. The chairman of the Life insurance Corporation of India is S K ROY.

It is leading and top most life insurance company in India and it has a huge occurrence in both urban and rural areas.

The website of LIC is www.licindia.in there are many different types of LIC Policy for customer and it has more than 200 companies in India.

 

Vision of LIC:

The only Vision of LIC is increasing insurance products all over the India especialy in rural areas and for economically background classes.

It also provides financial insurance which covers beside death at low premium.

Awards Achieved:

It achieved following award in 2013 – 2014 as

Under Served Marked penetration

Claims Service Company

Best Product Innovations

What is LIC NAV:

NAV (Net Asset Value) it is a value of an entity’s assets which minus drawbacks the value of its liabilities. This Nav is possible for all United Linked policies.

This LIC NAV are provided for LIC Future Plus NAV, Jeevan Plus, Bima Plus, Market Plus, Fortune Plus, LIC Market Plus-1 NAV,LIC Profit Plus NAV, LIC Money Plus NAV, wealth Plus, LIC Child Fortune Plus NAV, Jeevan Sathi Plus,  LIC Endowment Plus NAV, Pension plus, Samridhi Plus, Flexi plus, Health plus, Health protection plus.

LIC NAV plan will be shown differently for all plans. They will be providing latest LIC Net Asset Value for all the plans. You can check LIC NAV Rate and you can check LIC NAV Value using latest Life insurance Corporation of India.

So, this is all about  LIC policy details. Hope had a great time with the article and please share your experiences and suggestions with us through comments below.