Long awaiting credit card from India’s most trusted brand – LIC of India is now launched.

In case you are willing to own this Card please contact

Tarun Bansal
tarun.lic@gmail.com
- currently for Delhi Policy holders only.

if you are looking for a joint life policy. please download this file:

LIC of India: life-partner1

For the first time in its history the LIC has offered to revive ‘policies lapsed for more than five years’.

The LIC has given advertisements on Sunday in almost all newspapers in this regard. This scheme is open for the period from January 19 to February 28.

This website has reported on December 24 last that 5.91 crore life insurance policies had been discontinued by the insurer due to non-payments of premiums by the policy holders during last seven years (2000-01 to 2006-07).

These were the policies which could not be revived under the norms of LIC.

ATTENTION: Policy holders of Rohini Branch i.e. 12H may contact following advisor for help to revive there LIC policies

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For details feel free to contact
Tarun Bansal
Insurance Advisor
LIC of India
tarun.lic@gmail.com

Life Insurance Corporation of India (LIC India) has said that it will enter into a joint venture for the launch of its credit card business, the Business Standard has said. The credit card will be launched during the first week of September 2008, which was previously scheduled for March 1, 2008.

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According to Life Insurance Corporation of India (LIC of India), the joint venture company will be named LIC Card Services and the company will be set up in keeping with RBI regulations. According to RBI regulations, the new company has to be registered before it enters into the credit card business. The company is also in talks with Visa and Mastercard as either of them would be the payment gateway.

A major share of the stake in the joint venture would be owned by LIC which would be about 40% and the rest 30-35% would be owned by GE Money. In September 2007, LIC had signed agreements with GE Money India, Corporation Bank, LIC Housing Finance and LIC Mutual Fund to start a new credit card company, but nothing could materialize as it had to improve its software facilities.

The company said that it is improving its networks so that it can support the marketing of the card and is planning to offer unsecured loans against the card.

LIC’s New concept of “0-investment” is emerging as an one of the best tool for persons having policies more than 5yrs old.

With the help of of Zero-investment option a client has opportunity to get higher returns on the existing funds with LIC. This provides you extra Extra insurance and tax saving without paying a single paisa from your pocket.

 However one have to be cautious before going this. Your money will be invested in Market link plans which assures you high returns in Long Term [5yrs and above] and that is too as per market.

In case you need further info please feel free to contact:

Tarun kumar Bansal
LIC Agent – Rohini – Delhi
9899212115 – tarun.lic@gmail.com

LIC of India launches its 2 unit linked plans – Profit Plus & Fortune Plus. Both the plans are unit linked endowment plans combining insurance cover with market related returns.
About LIC of India’s Profit Plus :

Premium can be paid in single instalment or in instalments of 3,4 or 5 years. The premium allocated to purchase units under the plan will be invested according to the investment pattern chosen from among the 4 fund types that are Bond fund, Secured fund, Balanced fund and Growth fund. Critical illness Rider benefit and accident benefit are optional to add on extra payments. Premium paid by the policyholder after deduction of administrative charges, fund management charges [FMC], Risk premium and premium for riders opted will be invested in the fund type chosen.

The minimum premium is Rs 20,000 for single premium and Rs 10,000 pa for Limited premium paying term policies.The plan is available for persons aged 0 to 65 years.

About LICI’s Fortune Plus :-

Here the premium payment is limited to 5 years and the premium payable in the first year is four times the premium payable in subsequent years.

E.g.: If someone opt for a premium of Rs 1,00,000 the premuim for 2,3,4 and 5th year will be Rs25,000 only.

The plan is available for persons in the age group of 12 to 60 years.

The minimum premium payable is Rs 20,000 for the first year.

Common features of both plans :-

There is no bid offer spread i.e. the sale & purchase of the units will be the same as the NAV declared on day to day basis.

There will be option to switch over from one fund to another fund. Within a given
policy year four switches will be allowed free of charge.

Partial withdrawls are allowed after the third policy anniversary after atleast three years premia have been paid.

Higher of the sum assured or the policyholder`s fund value shall be available as death benefit. On maturity an amount equal to the Policyholder`s fund value is payable.

For More Details contact LIC Agent or Visit LIC Branch

Regards:
Tarun K Bansal : Life Inusrance Advisor, Delhi
Member: http://www.savingwala.com

Mr. A K Dasgupta takes over as Managing Director ofLife Insurance Corporation of India Mr. A K Dasgupta, a direct recruit of 10^th batch has taken over charge as the Managing Director of Life Insurance Corporation of India. A science graduate fromDibrugarh University & also PGDBM from Punjab University, Mr. A K Dasgupta has held various important posts in the Corporation such as Sr Divisional Manager, Guwahati & Karnal, Deputy General Manager, LIC(International) Bahrain, Regional Manager(Marketing), Western Zone, Mumbai, Chief Executive, LIC Housing Finance, Mumbai & Zonal Manager, LIC, Central Zone, Bhopal. Prior to his taking over as MD he was heading the International Operations & Corporate Communications Department as Executive Director in the Corporate Office.  Apart from being associated with many organizational development programmes in LIC, he was also instrumental in introducing many new initiatives. In LIC HFL he also led the successful maiden GDS issue of the Company. He is a strategist and has taken many initiatives to enhance the image of the Corporation through publicity activities & leverage information technology for giving boost to the marketing activities. His hobbies are traveling & photography & he is a voracious reader. His vision is to bring about qualitative changes in the marketing strategies of theCorporation & expand the horizon of activities.

Source: LIC of India’s official Website
Contributed by: 
Tarun 
Member: http://www.savingwala.com