How Do you Pay your LIC LIC Premium Now? Payment at LIC Cash Co h - PowerPoint PPT Presentation

A uto P remium ium P ayment S ystem (APPS) A New New and Better Way to pay your your LIC Premium through LIC LIC Mutual Fund

How Do you Pay your LIC LIC Premium Now? ● Payment at LIC Cash Co h Counter ● Cash/ Cheque/ DD ● Any Branch ● Payment through Alter lternate Channel ● Offline ● Online Online 2

APPS

What is APPS? APPS stands for Auto Pre o Premium Payment System Exclusive tie-up between een LIC of India and LIC MF Auto Debit of your Premium ium from Your LIC MF Account Existing LIC po IC policies eligible 4

LIC Mutual Fund formally known as LIC Nomura Mutual Fund

Funds allowed for Premium mium Deduction LIC MF Liquid Fund und LIC MF Savings Plus LIC MF Savings Plus Plus Fund Plus Fund LIC MF Income Plu Plus Fund

Funds allowed for Premium mium Deduction LIC MF Liquid Fund und LIC MF Savings Plus LIC MF Savings Plus Plus Fund Plus Fund LIC MF Income Plu Plus Fund

LIC MF Liquid Fu d Fund

Funds allowed for Premium mium Deduction LIC MF Liquid Fund und LIC MF Savings Plus LIC MF Savings Plus Plus Fund Plus Fund LIC MF Income Plu Plus Fund

LIC MF Savings Plus Plus Fund

Funds allowed for Premium mium Deduction LIC MF Liquid Fund und LIC MF Savings Plus LIC MF Savings Plus Plus Fund Plus Fund LIC MF Income Plu Plus Fund

LIC MF Income Plus Plus Fund

How APPS Works? All LIC Policies allowed for Prem remium Deduction through APPS except lapsed, SSS, Monthly Mo thly Mode, Single Premium , ULIP and Health Insur nsurance Policies. Debit date can be either Premium mium Due Date or 5 days prior to last date of Gr last date of Gr f Grace period. f Grace period. Policy holder should keep suffici ufficient balance in his MF folio on debit da bit date 13

I want to Register for APP APPS. What should I do? Invest in any of the mandated s ted schemes of LIC Mutual Funds. Existing Folios a os are also eligible. Fill the Mandate Form in duplicate an e and submit the same to any LICMF/ Karvy Office Off Second Form will be given back after Second Form will be given back after One form for registration of APPS One form for registration of APPS acknowledgement Apart from from above.. Attach status report / self Ensure all premiums already Attach sel self attested attested Copy of LIC Policy or due have been paid and next copy of P of PAN card FPR due is at least one month away

APPS Mandate Form

What benefits do I get if I r if I register for APPS? Attractive returns on the invested amount with ith us. Easy liquidity in case of emergency needs. Liquid funds are safe. No need to remember policy due dates. Just ke No need to remember policy due dates. Just ke t keep sufficient balance in your folio. t keep sufficient balance in your folio. No need to worry about policy lapsation. Single Payment for all future premium in lieu of u of Advance Premium facility of LIC (no longer available). Periodic SMS/ Email alert to the investor . Enjoy Grace period benefit too.

Acceptance of Mandate ba e based on the holding pattern

Value Addition for the r the Distributor Earn both insuranc ance and mutual fund commission Substantial reductio uction in time required to service required to service vice existing clients vice existing clients Satisfied customers ers

Disclaimer Mutual Fund investm stments are subject to market risks, read a market risks, read a ad all scheme related ad all scheme related documents nts carefully LIC Nomura MF Unit Link t Linked Insurance Scheme 19

THANK ANK YOU Khush Khushiyaan, Zindagi Ki....