Banner

Life Insurance

 

Insurance Regulatory and Development Authority of India (IRDAI) vide its guidelines under IRDAI Regulations 2015 permitted entry of Banks into insurance business. As per IRDAI regulations 2015, our Bank had registered as corporate agent vide Certificate of Registration No:CA0204. Our Bank acts as Corporate Agent of the Insurer – Life Insurance Corporation of India for the purpose of soliciting and distributing insurance policies being offered by the insurer.

  • We will follow up with the insurer for issuance of policies and hand them over to the Policyholders.
  • Policy holders is advised to scrutinize the policies for which we will assist, to identify any errors or discrepancies and it will be immediately brought to the notice of the insurer for necessary action.
  • No correction, alternation or modification will be made by our Bank in the policies issued by the LIC.
  • Branches will collect the applicable premium from the policy holders and it will be remitted to the respective LIC office.
  • No amount collected from the insured towards premium will be retained by branches. It will be forth with transmitted to the insurer.
  • In the solicitation of business, we will not unilaterally represent rates of premium different from those fixed or instructed by the LIC.
  • Any intimation of claim received by us will be immediately forwarded to the respective LIC office to facilitate commencement of claim process and handling.
  • The Claims will be considered for settlement strictly in accordance with the terms and conditions of the policy.
  • We will guide our policy holders, of claim procedures under a policy including prompt intimation of loss, submission of claim forms and documentations to establish the claim, disclosure of all material facts and compliance with requirements that may be raised by the insurer or Surveyors/investigators.
  • We will not charge any fee or remuneration for providing assistance related to the settlement of claims to the Policy holders.
  • We accept complaints over phone or in writing or through electronic mail and/or other modes of valid communications, as the case may be from our Policy Holders.
  • We will take necessary steps for redressal of grievances of our policy holders within 14 days of receipt of such complaint after providing acknowledgement of the same.

We are soliciting and distributing following insurance policies being offered by the insurer – Life Insurance Corporation of India.

Sr. No. Table No. Name of Product
1 189 LIC’s Jeevan Akshay
2 814 LIC’s New Endowment Plan
3 815 LIC’s New Jeevan Anand
4 816 LIC’s New Bima Bachat
5 817 LIC’s Single Premium Endowment Plan
6 818 LIC’s New jeevan Nidhi
7 820 LICs New Money back Plan – 20 years
8 821 LICs New Money back Plan – 25 years
9 822 LIC’s Anmol Jeevan – II
10 823 LIC’s Amulya Jeevan – II
11 827 LIC’s Jeevan Rakshak Plan
12 830 LIC’s Limited Premium Endowment Plan
13 831 LIC’s New Children’s Money Back Plan
14 833 LIC’s Jeevan lakshya
15 834 LIC’s Jeevan Tarun
16 835 LIC’s New Endowment Plus
17 836 LIC’s Jeevan Labh
18 838 LIC’s Jeevan Pragati
19 903 LIC’s Jeevan Arogya
20 850 LIC’s Jeevan Santhi
21 847 LIC’s Jeevan Shiromani
22 848 LIC’s Bima Shree
 

For more details regarding LIC products please logon to www.licindia.com