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LIC Jeevan Labh Policy Life Insurance User Reviews

267 reviews Rate This
LIC
Highlights
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore
Rating of LIC Jeevan Labh
4.6
Based on
9 User reviews

  • Best policy for children

    One of my friends who had the LIC of India- LIC Jeevan Labh suggested that I buy the same. On having a word with the InsuranceDekho team, I realized that this plan can actually help me secure the financial future of my children and look after their educational and other needs. Thanks a lot to the team.

    M
    Mohseen Khan
    On: Aug 25, 2023

  • Perfect saving plan for me

    I want to thank you InsuranceDekho for helping me find the LIC of India- LIC Jeevan Labh. I was looking for a plan that gives me guaranteed annual income payouts after the premium payment term is complete. I am satisfied that I had you to guide me with the same. 

    V
    Vijay Pal
    On: Aug 11, 2023

  • Happy with InsuranceDekho

    I am very happy with the entire team of InsuranceDekho. You guys are so supportive and understanding of the customer’s needs. Because of you, I was able to get the LIC of India- LIC Jeevan Labh issued which otherwise would have been a difficult task for me. Thanks a lot! 

    T
    Tejas Pandit
    On: Jul 31, 2023

  • Tailored Coverage to Suit My Needs!

    InsuranceDekho's wide range of life insurance plans allowed me to find the perfect coverage for my unique requirements. They offered the customizable LIC of India- LIC Jeevan Labh policy that fit my budget and provided the financial protection my family needed. The process of getting quotes and comparing plans was convenient, and I felt confident in my decision thanks to the detailed information provided. 

    L
    Laxmi Charya
    On: Jul 28, 2023

  • Simple and Clear Policy Documents

    I found the policy documents for LIC of India- LIC Jeevan Labh from InsuranceDekho to be straightforward and easy to understand. There were no complex jargons, making it accessible to all customers.

    S
    Shishir Kumar
    On: Jul 21, 2023

  • Query resolved easily

    I had some queries regarding the incorrect information filled by me during the purchasing of LIC of India- LIC Jeevan Labh. I went to the customer support service and they quickly understood the query and actively resolved my problem. Thank you, InsuranceDekho, for serving me the best

    R
    Rajiv Mehta
    On: Jul 14, 2023

  • The claim was settled on time

    For the LIC of India- LIC Jeevan Labh , the claim was settled on time. I first contacted the team of InsuranceDekho who explained to me everything about the claim settlement process. Then, I bought the plan from InsuranceDekho. 

    S
    Sakshi Mahajan
    On: Jul 07, 2023

  • I was easily able to reach out to the team

    When I was buying the LIC of India- LIC Jeevan Labh from InsuranceDekho, it was very easy to reach out to the support team. The amazing team members of InsuranceDekho were just a call away and I could connect with them anytime. So, buying the LIC Life Insurance Policy from InsuranceDekho became easier because of this effortless communication.

    J
    Jagriti Chaudhary
    On: Jun 26, 2023

  • Offers great coverage

    The LIC of India- LIC Jeevan Labhavailable on InsuranceDekho is one of the best life insurance plans. The plan offers good coverage at a very affordable price, that's why I was convinced to buy the LIC Life Insurance Policy from InsuranceDekho.

    R
    Rudhraksh
    On: Jun 21, 2023

FAQs

  • Why should I choose the Life Insurance Corporation of India?

    Life Insurance Corporation of India is the oldest and one the largest insurance providers in India. Life Insurance Corporation provides a wide range of Term Insurance, Endowment, Money Back and Whole Life Plans. Life Insurance Corporation has featured a  high claim settlement ratio of 96.69% in the FY 2019-20.

  • What is the grace period of insurance plans offered by Life Insurance Corporation?

    LIC offers 15 days of grace period for the policies with monthly premium payment mode and 30 days for policies with quarterly/half-yearly/yearly premium payment mode.

  • Who receives the claim benefit?

    The claim benefit is payable to the nominee in case of an unfortunate demise of the life assured. In case the life assured has assigned the policy to someone, the assignee will be entitled to the benefits payable under the life insurance policy.

  • Can I file claims for LIC insurance plans online?

    To file a claim for Life Insurance Corporation insurance plans you need to visit the LIC branch office for claim intimation and assessment.

  • What are the types of Insurance plans offered by Life Insurance Corporation?

    Types of Life Insurance Corporation Insurance Plans are:

    • Term Insurance Plans
    • Endowment Plans
    • Whole Life Plans 
    • Money Back Plans.
View All

Claim Process at LIC of India Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

LIC of India Life Insurance Contact Details

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