Table of Contents
What is LIC Doc date?
DOC or Date of Commencement is the date from which your policy is started. In other words, DOC in your policy will be the same as the date of purchase of the policy. DOC in any event in your LIC policy (other than ULIP policies) is from 1st of Month to 28th of the month.
What is date of commencement in policy?
Date of commencement. The date on which cover begins, following acceptance of the risk by the insurer.
What does date of maturity mean in LIC?
What is Maturity Date? It is a date on which the principal amount of a note or draft or acceptance bond or another type of debt instrument becomes due and is repaid to the investor and the interest payments stop.
What is Doc and FUP?
By Aamirbasha. Updated: Friday, December 16, 2016, 12:45 [IST] If a LIC policy holder fails to pay the LIC Premium before the due date, for the first time then the due date will becomes what is called an FUP (first unpaid premium). there is still time for you to make the payment without paying penalty.
What is Doc and FUP in LIC policy?
First unpaid premium refers to the first default in paying premium by the policy holder. On payment of the due premium a receipt is issued and this receipt indicates the date of next due. If this due premium is not paid that date becomes the date of FUP.
What is risk start date?
Date of Commencement of Risk means the date specified in the Schedule (unless the Policyholder is informed otherwise by the Company) from which the risk cover of the Life Assured commences under the Policy.
How is maturity amount calculated on Jeevan Anand?
Details of your Plan:
- Sum Assured (A): = Rs. 5,00,000.
- Total Bonus Amount on Maturity (B): * = Rs. 1000.
- Maturity Amount (A+B): = Rs. 35,000.
- Period of Maturity = Dec, 2021.
Is New Jeevan Anand a good policy?
If you are searching for an endowment plan that provides the advantages of an entire life policy, then LIC Jeevan Anand plan 149 is one of the best choices to go for. The Jeevan Anand(Plan-149) offers a bonus facility. The additional assured sum is paid when the life-insured individual dies.
How can I check my LIC policy FUP?
How to know FUP of you LIC policy with My LIC app?
- your policy number is of nine digits (123456789)
- Enter premium without service tax. To know your exact premium refer your policy bond.
- Enter date of birth as per your policy record, you can again refer policy bond to know the date of birth in your policy record.
What is the additional benefit of LIC Jeevan Anand policy?
An additional benefit is provided on accidental death of the insured, till the age of 70 years. How does LIC Jeevan Anand plan work? Under this LIC Jeevan Anand plan, an individual pays regular premiums for a selected period.
Is LIC jeevananand plan 149 the best option for endowment plan?
If you are searching for an endowment plan that provides the advantages of an entire life policy, then LIC JeevanAnandplan 149 is one of the best choices to go for. The JeevanAnand (Plan-149) offers bonus facility.
What is new Jeevan Anand plan?
LIC’s New Jeevan Anand Plan is a traditional savings cum and insurance protection plan. This plan is eligible to receive bonus. The risk coverage under this plan continues even after the policy term and the death benefit is paid even if the insured dies after the completion of the policy term.
What is the grace period for Jeevan Anand policy?
LIC Jeevan Anand Policy Details. Grace Period: A grace period of 30 days is allowed for the payment of due premiums. In case the insurance holder delays the premium payment, he is allowed for a grace period of 30 days.