Table of Contents
What is BOC no in LIC?
* It stands for Branch Office Collection which means If any proposer want to take multiple proposal then he can deposit certain amount at cash counter and receive a unique number ( BOC number) on perticular date.
- Go to www.licindia.in.
- Click on Pay premium online.
- Click on Pay Direct( without login)
- Click on “View transaction status” link.
- Put your policy number, transaction date and type of payment (renewal prem. / adv. Prem. / loan)
- Download the receipt by clicking on it.
What is with profit policy in LIC?
The LIC Profit Plus plan is a unit linked endowment plan under which the policyholder has the option to make a single payment in the form of a lump sum towards his or her premium or choose to make premium payments in a uniform manner over a period of 3 years, 4 years or 5 years.
What is BoC full form?
The full form of BOC is the Bank of Ceylon.
What does BoC mean in banking?
BoC
| Acronym | Definition |
|---|---|
| BoC | Bank of Ceylon (Sri Lanka) |
| BoC | Board of Commissioners |
| BoC | Bank Of China |
| BoC | Bump of Chicken (band) |
What is LA after name in LIC?
3) Loyalty Addition (LA)-This is one time payment which will be given to you only after completion of certain period (either maturity or death). As the name suggests, this is given to you by being loyal to LIC. So if for any particular plan LIC declares LA as Rs.
What is Doc in LIC receipt?
DOC or Date of Commencement is the date from which your policy is started. In other words, DOC in your policy will be the same as the date of purchase of the policy. DOC in any event in your LIC policy (other than ULIP policies) is from 1st of Month to 28th of the month.
What is the difference between with profit and without profit plans?
Policies that participate in the profit of an insurance company are called ‘with profit’ policies, while the policies on which the amount of bonus is fixed at the time of issue itself are called ‘without profit’ policies.
How is Jeevan Umang calculated?
On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8\% of Basic Sum Assured shall be payable each year….LIC’s Jeevan Umang (UIN: 512N312V02)
| Minimum Basic Sum Assured | Rs. 2,00,000 |
|---|---|
| Maximum Age at entry | 55 years (completed) |
What is the meaning of BOC of perticular policy holder?
Note: BOC of perticular policy holder can’t to used in third party proposal. It stands for Branch Office Collection which means If any proposer want to take multiple proposal then he can deposit certain amount at cash counter and receive a unique number ( BOC number) on perticular date.
What does Boloc stand for?
It stands for Branch Office Collection which means If any proposer want to take multiple proposal then he can deposit certain amount at cash counter and receive a unique number ( BOC number) on perticular date. He can adjust this amount in different proposal (if he used Block type option) to fullfill their requirements.
What is an initial payment receipt from LIC?
It is a receipt which is used to complete proposal form and policy number is generated. Initial payment receipt known as branch office collection/BOC/later on amount is adjusted as first premium on receipt of proposal papers duly completed. What is the best LIC policy? My age is 30 and my salary is 48k/m.
What is the LIC agent Digital Initiative for ULIP?
All the Zonal Managers and Executive Directors of LIC attended the programme through video conferencing. With Online BOC, the LIC customers are now enabled to invest ULIP plans through the Agent Digital Application. This Digital Initiative empowers the LIC agents to complete the proposals round the clock.