LIC

LIC CUSTOMER SERVICE:

St.Milagres is very happy to introduce to its members & customers the facility of Risk Cover, Death Benefits, Return on Investments, Tax benefits, Loan Options & Savings by way of Life Insurance this is done through LIC OF INDIA wherein we are the Corporate Agents for the same since 2015.

Insure your life. Because you never know!. The main objective is to provide life insurance policies to each and every section of the society and to reach out to the rural areas by providing them ample financial coverage in case of death at a very affordable premium rate.

Get term insurance, when you have lot of loans, to secure your family members and their dreams. Buy conventional policies, when you have lot of earnings and savings, to multiply it. Have wise investments with your hard earned money.

The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalized the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation.

Insurance basically means the protecting yourself from financial loss. It is a type of risk management which is mainly used to evade against the possibility of a contingent, uncertain loss. In this the insured (entity who buys insurance) transmits the rate of potential loss to another entity in swap for financial compensation which is known as the “premium”. Insurance is important because it allows the businesses, persons and entities to care for themselves against considerable financial hardship and potential losses at a reasonably nominal price.

IMPORTANCE OF LIFE INSURANCE

Spread Life Insurance widely and in particular to the rural areas and to the socially and economically backward classes with a view to reaching all insurable persons in the country and providing them adequate financial cover against death at a reasonable cost.

Our Branches have been provide with sub agent code which facilitates easy login and quick processing of paper work for customers.

3. LIC PREMIUM COLLECTION POINTS:

All our customers can directly pay LIC premium at our branches. This is an additional Value Added Service to our valuable customers. Grab this opportunity to procure the LIC receipt by paying premium at any of our Branches (111).

Premium Collection Point This facility is to ease and help the customer to pay LIC premium everywhere! Or anywhere! This facility is absolutely free for all customers. No charges are to be paid.

WHEN TO PAY THE PREMIUMS:

Remember to pay your premium in time, even if our notices do not reach you. There may be a postal delay.

Why wait in a queue?

Now available at all Branches of St.Milagres Co-operative.

Walk in at our Branches for quick & easy payments of LIC premiums.