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Life Insurance Queries

Can you help as I have not received my Bharti AXA policy

I haven't received my bond form of Bharti AXA till date and when I bought this policy I was posted at J&K. Suggest me for getting my bond form?

Dec 12, 2016 by Sanjay Sati, Uttarkashi  |   Life Insurance
When you took the policy you were posted in J&K. Now we do not know where you are posted. Otherwise, we could have helped you by providing the Bharti AXA Life office address and contact details in that... Read More

What should I do with the 15 LIC policies that I have with annual premium of 9 Lakhs as I am retiring

Can you please guide me - I have 15 policies with LIC, Annual premium 9 lac per annum, Now willing to take premature retirement. Unable to continue these policies except the one term insurance for INR 1 cr. Surrender value is too little. Can policies be just continued, without asking for refund and without paying premium?

Aug 8, 2016 by Dr Pankaj Agarwal,   |   Life Insurance
Please share with us the policy details and then only we will be able to reply to your query in details. The details should contain the Policy name (say, Jeevan Anand, endowment etc.) or code / Start date... Read More

Could a government employee work as a LIC agent

Could a government employee work as a LIC agent?

Aug 5, 2016 by Kapil Patil, Kolhapur  |   Life Insurance
NO. You can not work as a LIC agent if you are a Government employee... Read More

How my HDFC Life Click To Protect policy got rejected

I brought an HDFC click to protect insurance in month of April which got rejected due to my ITR (it had all the income from other sources). Now, I have filed ITR for assessment year 2016-17 and I have shown a salary income of 105000 and business income of 2,50,000 and 3,50,000 from other sources. Now on the basis of new ITR, am I eligible for HDFC Click to protect term insurance? Please help?

Aug 4, 2016 by Shubham, Delhi  |   Life Insurance
Term life insurance plan is meant to protect your family from income loss in the event of an untimely death. Income proof is necessary to get a term policy. Salaried individuals are required to furnish their... Read More

I have completed 3 years of LIC agency period with 26 lives and 435000 premium

I have completed 3 year's agency period with 26 lives and 435000 premium. Now my agency is live or not?

Aug 1, 2016 by Saravanan,   |   Life Insurance
Please note that continuation of your life insurance agency will depend on many factors, annual business being one of them. You should contact your branch manager for this. Meanwhile, please note that, if you... Read More

Could you please advise me what should I do with the below ULIP policy which I took in Sep 2009

Could you please advise me what should I do with the below ULIP policy which I took in Sep 2009, without even understanding about it? Abosolute returns after almost 7yrs is ~38%, XIRR is ~9%, Product name ICIC Pru Life Stage Pension - Monthly premium Rs. 1250, Total Investment 1,03,750, Fund Value 1,43,417. From what I understand now, surrender value is 2% upto 6yrs and if 1% after 7-9yrs. Though its just a matter of 1-2 more months to complete 7yrs, I guess 1% does not make much of difference. However, the whole surrender value will be added to my annual income and will be fully taxable. Also from my discussion with one of the ICICI Pru executive, I was told that if I surrender the policy and reinvest the amount to any of their other investment options the whole process would work behind the curtains and I can save income tax on the surrender amount i.e they would not remit the surrender value to my bank account rather internally move it to any of my desired investment option. Therefore, I would appreciate if you can advise on how to proceed on this, also if you can suggest a MF or any other investing option by ICICI to choose from?

Jul 26, 2016 by Ajin Thomas, Ghaziabad  |   Life Insurance
ICICI Prudential LifeStage Pension Plan is a Unit Linked Pension Plan (ULPP). Unlike traditional insurance plans or Unit Linked Insurance Plans (ULIPs), the surrender proceeds of Unit Linked Pension Plans are... Read More

What is the minimum business criterion for existing LIC Agents

What is the minimum business criterion for existing LIC Agents?

Jul 25, 2016 by Partha Sarathi, Kolkata  |   Life Insurance
It is minimum 12 policies and 1.50 Lakhs annual new policy premium collection... Read More

Tell me the options as I do not want to continue with my Jeevan Anand policies and want to buy term plan

I have 2 LIC Jeevan Anand policies. I have paid 2 installments and 6 installments respectively. I don't want to continue with these policies and want to buy a term plan. what all options do I have?

Jul 2, 2016 by Shubham, Delhi  |   Life Insurance
You can surrender your Jeevan Anand policies at any time. However, if you surrender your policy before paying three full year premiums, you will not get any money from LIC. If you have paid more three full year... Read More

Can I withdraw my ULIP policies from ICICI Prudential Life Insurance and invest in better products to get safer returns

I have 4 ICICI Prudential Insurance policies taken in 2014 and 2015. Though the NAV was travelling upwards before 2014 now it is declining. I am a senior citizen cannot bear to see the trend going down. So please suggest where should these funds be shifted so that my principle amount will remain stable yet get returns better without any market risk?

Jun 13, 2016 by Farook Majeed, Chennai  |   Life Insurance
You have not provided us the details of policies taken. Therefore, it is difficult to answer your query in details. However, we would like to point out broadly the following... Read More

Is there any risk as HDFC Life and ICICI Prudential Life are private Insurance players

Currently , my age is 29 and i am looking for term plan but got confused between LIC HDFClife and ICICI pru LIC is best but premium is high ( can bare it but does it really value?) HDFC and ICICI prudential are private players so risk is the factor without much hastle on premium need your suggestion on this topic.

Apr 28, 2016 by Kaustubh, Mumbai  |   Life Insurance
HDFC Life and ICICI Prudential, both are private sector Insurance companies with excellent track record. All the existing companies in India are well regulated by IRDA and therefore you should not have any... Read More

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