LIC (Life Insurance Corporation of India) is a state-owned insurance company in India. It is the largest insurance company in India with an estimated asset value of ₹1,560,482 crore (US$220 billion). The company has more than 2000 branches and over 12 lakh agents.
LIC offers a variety of insurance products, including life, health, and vehicle insurance. One of its popular products is the LIC ad policy, which provides insurance coverage forautomatic death benefit deduction from the policyholder's account.
The LIC ad policy is a life insurance policy that offers protection against the financial loss that may occur due to the death of the policyholder. The policy provides for a death benefit of up to ₹1 lakh (US$140,000) to the nominee of the policyholder. The policy also provides for an accrued bonus to the policyholder, which can be used to offset the premium payments.
LIC ad policies are available for both individuals and groups. Group insurance policies are available for employees of companies, members of cooperatives, and other groups. The premium for a group policy is usually lower than the premium for an individual policy.
LIC ad policies can be purchased through any of the LIC branches or through the LIC website.