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What is maxium sum assured criteria as per lic of india on annual income of policy holder

(Querist) 14 January 2016 This query is : Resolved 
Dear Sir,

One more thing related to repudiation of death claim of my father by LIC which I need to know for further proceedings.

Is there any rules defined by LIC of India or IRDA which defines that if some one is 40 plus years old than he can obtain a policy from LIC with with only Sum Assured amount of X times of his annual Income and maximum premium can be paid by him X % of his monthly salary amount

Request you to give me the details or rules which is available.I need to file the case into consumer forum in my father case as per my last queries.

I would be thankful to you.

Regards,
Tulsi
Report Abuse
P. Venu Online (Expert) 15 January 2016
It appears there was an earlier query. Please post in the same thread.
Rajendra K Goyal (Expert) 15 January 2016
Go through the actual guidelines of LIC regarding insurance.
Adv. Yogen Kakade (Expert) 15 January 2016
Consult a local lawyer.
Guest (Expert) 15 January 2016
Not a legal query. Better, consult a development officer of your nearest LIC office for knowing about the conditions of insurance. He can guide you appropriately.
Kumar Doab (Expert) 15 January 2016
Repeated Query.

You may also go thru the book for exam of agents by III: Insurance Instt. of India.
Dr J C Vashista (Expert) 16 January 2016
I stand with the advise of experts.
Tulsi Pathak (Querist) 16 January 2016
Dear Sir,

I have received the link hope circular will help.

http://www.nfifwi.com/circular/

http://www.nfifwi.com/circular/U%20&%20R%2047.pdf

As per above circular I think the hazard report submitted by Agent is wrong and my DAD Income is elegible for 12 times of his gross annual income in 2013 will we get the claim as per above circular. 47.

Please advice. I am making the further proceedings.
Thank you.
Tulsi Pathak (Querist) 16 January 2016
Dear Sir,

I have received the link hope circular will help.

http://www.nfifwi.com/circular/

http://www.nfifwi.com/circular/U%20&%20R%2047.pdf

As per above circular I think the hazard report submitted by Agent is wrong and my DAD Income is elegible for 12 times of his gross annual income in 2013 will we get the claim as per above circular. 47.

Please advice. I am making the further proceedings.
Thank you.
K.S.Srinivas (Expert) 25 January 2016
Go ahead. Good luck.
Tulsi Pathak (Querist) 25 January 2016
Thank you sir.

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