Insurance FAQ
 

Life Insurance Corporation Of India?

I am having four policies,113374606,113701958,113374607,11337538 and my agent code is75131111.My agent is not at all of any help to me.It is hereby requested to deduct the commission against my policy which has been paid to him so far and in future please dont pay any commission against my above policies.


Answer: Hi
What I feel is your postulation will not be accepted by the Life Insurance Corporation. This is because it is not necessary for the agent to provide the requisite to his customer. He can initally help you to get and apply for the insurance. What I feel is you can cede the policies and so will get an amount back according to your Insurance scheme. If you want to know more about principles of insurance and also about insurance companies then make a visit to the link and you will surely get a perfect idea. Just visit the link.

http://www.worldwideinsurance.biz/
http://www.worldwideinsurance.biz/toinsu rancecom.html
 
 

Can Muslims Invest In LIC (Life Insurance Corporation) Policies?

Please provide reference from Isalmic point of view.

http://www.ekhichdi.com/b/Five-Pillars-o f-Islam-70.html


Answer: Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh

You ask a very important question. You seek guidance in a very important matter. Brother let me explain to you why LIC policy is a must of every muslim male.

A LIC policy is a must and should form the most important part of a true muslims financial dealing.

Being a Muslim, brother you must be aware that Jihad is one of our most pious obligations. Time to Time when our leaders call upon us we muslims have to go on Jihad that means to fight with unbelievers (Hindus, Christians, Jews, Bahais, Zionists, Buddhists etc.). This jihad is normally fought with AK-47's or suicide bombing. This sometimes cause

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How Long Does It Take To Get A Term Insurance Policy From LIC(Life Insurance Corporation Of India)?

I stay in Bangalore. I applied for a term insurance for 25 lacs with LIC on July or August 2009. I am still in the dark about the status. The agent is from Bangalore Money Plant Financial Services. The check i had given got encashed long back and the amount i spent for medical check up is also not reimbursed till date. Every time I ask the agent, he says the application is sent to Hyderabad where the underwriting and other things happen and he asks for some other proof. Till date I have provided


Answer: Medical tests required for LIC are conducted free of cost at empanelled labs/hospitals. The policy must have been issued by now. If you issued the cheque in name of LIC, then you should have got a computerised receipt for the same on LIC stationery.

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Under The LIFE INSURANCE LOGO There Is Written "yogakshema Bahamyaham" . What Does This Above Quoted Mean?

it is very urgent for my tomorrow's exam. in life insurance corporation of india. also can you explain the meaning of the logo,a lamp guarded by two hands?


Answer: Hi

It means that "we take care of health needs", sanskrit word "yogakshema" means take care of your health, its not only health to be precise

To summarise - it means that WE (LIC) take care of you (incl ur spouse, etc)

Hope this should clear your questions. All the best

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Can I Claim Compensation From Life Insurance Corporation For Delay In Payment? ?

I am having a moneyback policy of LIC . They posted me the cheque 2 days after the due date . The cheque was bounced as it had only one signature instead of two. I had send back the cheque requesting them to make proper signature and send another cheque of compensation. but they are silent they sent me the cheque with two signature after one month. IDBI bank Managfer told me this way they purposely make the mistake to harass customers . He told me to sue them in the court.
Can I claim compesation


Answer: you can do the folllowing steps
1. wrte an application to the branch manager of lic or any concerned officer with ur policy no. & cause of complaint & with ur contact details .

2. wait for thirty days for their reply
If ur complaint is not solved or you are not satisfied with the reply or didnt get any response then

3.you can directly complaint (in writting) to the IRDA ombudsman with ur all details (i.e. complain reason , policy details )you can get the address of ur local office by click on following link.

http://www.irdaindia.org/ombudsmen/ombud smenlist_new.htm

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(North American Life Insurance Company) - Insurance Canada

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Tips for Choosing a Reliable Life Insurance Company for You ...

There are a lot of insurance companies offering cheap life insurance quotes. I wanted to know more about life insurance before I buy one so I went to look online for some information. Check the company behind the life insurance first. I admit I still don’t have life insurance but I have been thinking of getting one. I was amazed that there was a wealth of information about life insurance in the internet. A neighbor came by to sell me some life insurance. Do not ever buy an insurance from a company that doesn’t have a good reputation no matter how cheap the quote is....

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