LIC New Policy on Premium Refunds for Lapsed Policies in Moradabad
In a groundbreaking move, the Life Insurance Corporation of India (LIC) has implemented a trail initiative in the Moradabad district of Uttar Pradesh, offering premium refunds with interest to policyholders who could not maintain their policy payments beyond the initial installment. Traditionally, policyholders who ceased paying premiums before three years were not eligible for refunds, … Read more