Home |Life Insurance | Is there any reliable website to check the claims made by LIC agents regarding the schemes? It should be easy to understand as well.

Is there any reliable website to check the claims made by LIC agents regarding the schemes? It should be easy to understand as well.

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on December 26,2021

Dear 

Each website has their own purpose and give their own interpretations .

Every person need to verify all facts under Buyer Beware . IRDA allows 15 days freelook period after receiving the policy document .

Please verify facts as below :

  1. Money on death is given on first page -check whether it matches .
  2. Coverage term is given under Table No / Term . So check the term of policy under which you will be covered .
  3. Search table number on the net and you shall find multiple website giving product benefits .
  4. LIC participating products earn bonus of Rs 28 to Rs 40 per thousand . This bonus would depend on the policy term . Higher the bonus , longer the term .So if sum assured is Rs 100000 then you shall get a bonus of Rs 3000 if bonus is Rs 30 per 1000 . If any agent is promising you more bonus then you should be warned .

Hope this clarifies 

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