Life Insurance Corporation (LIC) News & Updates

  • Thread starter Thread starter techtata
  • Start date Start date
  • Replies Replies 54
  • Views Views 11,476
T

techtata

Regular
Messages
598
Location
NA
ISP
Tata Indicom
I just read the following about LIC at the following site. I wonder which legal body appointed by the government takes investment related decision on behalf of LIC. Thanks.

Life Insurance Corporation of India - Wikipedia, the free encyclopedia
--------------------------------------------------------------------------------------
LIC holds shares worth about Rs 2.33 lakh crore in all the Nifty companies put together, but it lowered its holding in a total of 27 Nifty companies during the quarter.

The cumulative value of LIC holding in these 27 companies fell by little over Rs 8,000 crore during the quarter shows the analysis of changes in their shareholding patterns.

Individually, LIC is estimated to have sold shares worth Rs 500-1,000 crore in each of Mahindra & Mahindra, HDFC Bank, ICICI Bank, Tata Motors, L&T, HDFC, Wipro, SBI, Maruti Suzuki, Dr Reddys and Bajaj Auto.
----------------------------------------------------------------------------------
 
Can we take amount before policy maturity?
How much loss will be there?
Maturity date is 1 year left.
 
ofcourse you won't get any bonus given on policy completion and charges on early exit.
Check policy document for exit clause.
 
You get surrender price + something extra

Overall you will get less than what you paid!!

But I would still recommend exit!
 
I have not done this so take it with a pinch of salt but in case you want to surrender your policy because you are in urgent need of money, I think, there is a provision to get loan against the LIC policy where they give you a percentage amount on the surrender value of the policy.
 
I Lost 7000rs when i surrendered my policy..premium paid was close to 35000, got refund of 28 thousand only
 

Can anyone mark this address on Google maps and share the screenshot.
LIC of India, New Delhi Branch Unit 11F, M-1,
NDSE Part- I, , New Delhi. PIN 110017
 
I have a related query.
In case of Fixed Deposit say 2 years and I want to withdraw before that.
What is the minimum time during which there can't be premature withdrawal?
 
no such thing as minimum breaking period though the bank officer would be quite irked to it unless you have some genuine reason to do it or you know him personally or its a very big amount.
you know bank can do fd even for period of 7days? but again you need a big amount and personally know them to do this.
though you can do it easily nowadays via online fd.
 
Since the time I have taken LIC policy, last 5-6 years I am doing all payments online only, and it works well.
Did not check in recent time though, may be LIC server is not capable to handle many requests which is happening now due to cashless scenario.
 

Top