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What is lic premium policy


Life Insurance Corporation, popularly known as LIC is Indian state-owned insurance group and investment company. Buy Life Insurance Plans and Policies from ...LIC's New Jeevan Anand · LIC's Single Premium... · LIC's New Money Back

What is premium in LIC?

Premium in life insurance refers to the amount that a policyholder will pay either in a lump sum or regularly to purchase the insurance policy.

What is LIC policy and its benefits?

Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against. The contract is valid for payment of the insured amount during: » The date of maturity, or.