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Insurance is the subject matter of solicitation |
Life Insurance Corportion of India
What is Insurance?
A financial service allowing individuals to pool their exposure to risks of economic loss resulting from the occurrence of uncontrollable events such as fire, death, earthquakes, etc.
Essentially, an individual pays a premium that buys guarantee of compensation for economic loss due to occurrence predefined set of events. The premiums of the many are pooled and the losses of the few are compensated from the pool.
REQUIREMENTS
1. Proposal should contain identity and residence
2. Proposal under one life having annual premium of Rs. one lakh and above, income proof should be compulsorily produced
2. Bank account details must be insisted upon
3. All proposals less than Rs.one lakh annual premium to be decided on the basis of the under writing rules in force.
4. All records to be maintained for 10 years from date surrender or claim
5. Pass port
6. Pan card
7. Voters ID card
8. Driving License
9. Certificate from recognised public authority
TYPES OF INCOME PROOF
1. Standard income proofs : IT assessment orders / IT Returns; employers certificate, audited company A/cs; audited firm a/cs & partnerships deed.
2. Non-std income proofs: CAs certificate, Agricultural land details &income assessment; INDIVIDUALS Bank cash flow statements ; Pass Book.
INSURANCE CONTRACT WITH –PROOF OF RESIDENCE
1. Telephone Bill
2. Bank Account Statement
3. Letter from any recognised public authority
4. Electricity bill
5. Ration card
You can call us at 9480240513 for taking new policy or if any document is not available for new policy.
http://india.gov.in, the National Portal of India. | | | | |
Call 94802 40513 
