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India’s largest government-backed life insurance company offering term, savings, pension, ULIP, and child plans.
Life Insurance Corporation of India (LIC) is the largest life insurer in India with a strong claim settlement record, extensive branch network, and a wide range of life insurance products designed for protection, savings, retirement, and wealth creation.
3 plans available — compare coverage, premium, and key features.
Whole life insurance with guaranteed survival benefits.
Key Features
Life cover with bonus and maturity benefits.
Whole life cover with guaranteed survival benefits every year
Step-by-step claim process for Life Insurance Corporation of India (LIC).
The nominee or claimant should intimate the servicing branch about the death, or call the 24x7 LIC call centre at +91-022-6827-6827.
Submit Claim Form A (or Form 3783A if the policy has run 3+ years), a certified extract from the death register, and the original policy document.
For early claims (death within 3 years of risk commencement), additional forms like the medical attendant's certificate are required; LIC verifies all documents at the branch level.
After successful verification, the death claim amount is transferred to the nominee's bank account, generally within 30 days of receiving complete documents.
LIC is ideal for customers seeking long-term financial protection and the trust of a government-backed insurer.
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LIC is India's largest government-owned life insurance company offering term, savings, pension, and investment-linked insurance plans.
Yes, LIC consistently maintains one of the highest claim settlement ratios among Indian life insurers.
Yes, many LIC plans can be purchased and managed online through the official website.
Yes, LIC offers loans against eligible policies once they acquire sufficient surrender value, typically after a few years of premium payment.
Lapsed policies can usually be revived within a specified period by paying outstanding premiums along with interest, subject to insurer approval.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Life Insurance Corporation of India (LIC) website before purchasing.
Key Features
Key Features