"In order to avoid any hardships to policyholders, the insurers are hereby advised to keep their offices open as per normal working hours on March 30, 2024 and March 31, 2024," IRDAI notification stated.
LIC customers have the option to electronically submit their documentation via the LIC site instead of physically submitting it. LIC is urging policyholders to update bank details and submit KYC to receive policy money.
LIC Jeevan Utsav offers life insurance coverage for the duration of the policy holder s life is a plus point. LICs Jeevan Utsav is a non-linked, non-participating, individual, savings, whole life insurance plan.
LIC s Dhan Vriddhi is a non-linked, non-participating, individual, savings, single premium life insurance plan that provides both protection and savings.