LIC policyholders looking to exit their policies can now consider a new option — ACESO's ALIP. This plan allows policyholders to surrender their LIC policy to a Trust and get the surrender value within 48 hours, while still retaining the life cover benefit, the company says. When policyholders die, the nominees can claim the death benefit paid by LIC from the Trust. Is ALIP legal in India? What did LIC say about selling your insurance policy to a Trust? What LIC policyholders should keep in mind while selling their policies to this new player in the market. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
