February 22nd, 2023
Whatever is your needs, Wherever you are. LIC has a Life I...read more >>
April 26th, 2022
Rakesh is a 33-year-old professional who recently landed a...read more >>
April 12th, 2022
The Value of Life Insurance: LIC incorporates a vast range of products...read more >>
LIC policyholders enjoy a sovereign guarantee on the sum assured and the bonus declared as per section 37 of LIC Act, 1956 which clearly states that "Policies to be guaranteed by Central Government - The sum assured by all policies issued by the corporation including any bonuses declared in respect thereof and, subject to the provisions contained in section 14 the amounts assured by all policies issued by any insurer the liabilities under which have vested in the corporation under this act, and all bonuses declared in respect thereof, whether before or after the appointed day, shall be guaranteed as to payment in cash by the Central Government."