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Why Should I take a Life Insurance Policy?
A family is generally dependent for its food, clothing and shelter on the income brought in at regular intervals by the breadwinner of the family, that may be you. So long as he lives and the income is received steadily, that family is secure;
Death
but should death suddenly intervene the family may be left in very difficult situation and sometimes, in stark poverty. Death is certain, its time is uncertain. This uncertainty of death is inherent in human life, it is this uncertainty, that is risk, which gives rise to the necessity for some form of protection against the financial loss arising from death. Insurance substitutes this uncertainty by certainty.
If you died TODAY, would your family be able to live at a better, same or worse lifestyle than they have now?
About Life Insurance Corporation of India
The Corporation has been established by an Act of Parliament which received the assent of the President on 18th June 1956. The Act came into force on 1sat July 1956 and the Corporation began to function on 1st September 1956; amalgamating 245 private insurance companies.
The Life Insurance Corporation of India is engaged in:
- Spreading the message of life insurance in the country..
- Maximising mobilization of savings and providing funds for the development of the country.
- Responding to customer sensitivity by:
- Acting as trustee of policyholders’ money by conducting business with utmost economy.
- Providing them efficient and courteous services.
- Innovating and adapting its products and practices to meet the changing needs of the society.
- LIC offers to it’s customers a choice by providing for other modes of savings through LIC Mutual Fund
- It also caters to the housing needs of its policyholders through LIC Housing Finance Ltd
- To cater to the needs of expatriate Indians in the Gulf, LIC has started LIC (International) B.S.C. (C) besides operating foreign offices in London, Mauritius and Fiji.
The Corporation’s Central Office is located at Mumbai. At present the Corporation has 100 Divisional Offices and over 2048 Branch Offices in India. In addition there are Branch Offices at London, Fiji (2 branches) and Mauritius.
Disability Benefit
Disability will be granted to physically handicapped persons
If a Life Assured is disabled by accident from earning his livelihood, he will be exempted from paying premiums on his policy, falling due after the date of disablement. Further, the disability must arise before the Policy Anniversary on which the age nearer birthday of the life assured is 70, must be result of an accident and must be total and permanent and such that there is no work, occupation or profession that the Life Assured can do or follow to earn or obtain any wages, compensation or profit
Accident Benefits & Extended Permanent Disability
Accident Benefit provides for payment of an additional benefit equal to the Sum Assured in case of death by accident.
LIC Mauritius Branches
Port Louis Main Branch
LIC Mauritius Quatre Bornes
LIC Mauritius Vacancies
LIC Mauritius Loan
LIC Foreign Partner
Insurance Companies in Mauritius
SICOM
NIC Mauritius
Swan