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L I C\' S JEEVAN CHH AYA PREPARED BY :JAYANTI CHOWDHURY 9831216984(O) 03325616474(R)Introductions plan is targeted at couples having lesser than one year old child (not an adopted child). They can

How to fill out l i c s

How to fill out l i c s

1. To fill out LICs (Life Insurance Corporation of India) form, follow these steps:
2. Start by providing your personal information, such as your name, date of birth, gender, and contact details.
3. Fill in your policy information, including the type of policy, policy number, and the date of commencement.
4. Answer the questions regarding your health and lifestyle. This may include questions about pre-existing medical conditions, smoking habits, etc.
5. Provide details about your nominee, including their name, relationship with you, and their contact information.
6. If required, provide additional information or documentation as specified in the form.
7. Review the information provided and make sure all the details are accurate and complete.
8. Sign and date the form at the designated places.
9. Submit the filled-out form along with any required supporting documents to the nearest LIC branch office or authorized agent.

Who needs l i c s?

1. Anyone who wants to secure the financial future of their loved ones should consider getting LICs.
2. Specifically, individuals who have dependents, such as a spouse, children, or aging parents, may benefit from LICs.
3. LICs provide life insurance coverage, ensuring that in the event of the policyholder's demise, financial support is available for the beneficiaries.
4. It is also advisable for individuals who have outstanding debts, such as mortgages or loans, as LICs can help in settling those debts without burdening the family members.
5. Additionally, those who want to save for their retirement or have a long-term financial goal can choose LICs as a way to accumulate wealth and secure their future.
6. LICs are suitable for both salaried individuals and self-employed individuals looking for insurance coverage, investment opportunities, and tax benefits.

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What is l i c s?

LICS stands for Life Insurance Code System. It is a coding system used to identify different types of life insurance policies.

Who is required to file l i c s?

Insurance companies are required to file LICS for each policy issued.

How to fill out l i c s?

LICS can be filled out electronically through the designated online portal provided by the regulatory authorities.

What is the purpose of l i c s?

The purpose of LICS is to maintain uniformity and consistency in reporting life insurance policies for regulatory and statistical purposes.

What information must be reported on l i c s?

Information such as policyholder details, coverage amount, premium payment frequency, and policy type must be reported on LICS.