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

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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


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SLIDE 1

Auto Premium

A New pay your

LIC

ium Payment System (APPS)

New and Better Way to your LIC Premium through

LIC Mutual Fund

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SLIDE 2
  • Payment at LIC Cash Co
  • Cash/ Cheque/ DD
  • Any Branch
  • Payment through Alter
  • Offline

Online

How Do you Pay your LIC

  • Online

h Counter lternate Channel LIC Premium Now?

2

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SLIDE 3

APPS

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SLIDE 4

Exclusive tie-up between APPS stands for Auto Pre

What is APPS?

Existing LIC po Auto Debit of your Premium een LIC of India and LIC MF

  • Premium Payment System

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IC policies eligible ium from Your LIC MF Account

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SLIDE 5

LIC Mutual Fund formally known as LIC Nomura Mutual Fund

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SLIDE 6

LIC MF Liquid Fund LIC MF Savings Plus

Funds allowed for Premium

LIC MF Savings Plus LIC MF Income Plu und Plus Fund

mium Deduction

Plus Fund Plus Fund

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SLIDE 7

LIC MF Liquid Fund LIC MF Savings Plus

Funds allowed for Premium

LIC MF Savings Plus LIC MF Income Plu und Plus Fund

mium Deduction

Plus Fund Plus Fund

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SLIDE 8

LIC MF Liquid Fu d Fund

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SLIDE 9

LIC MF Liquid Fund LIC MF Savings Plus

Funds allowed for Premium

LIC MF Savings Plus LIC MF Income Plu und Plus Fund

mium Deduction

Plus Fund Plus Fund

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SLIDE 10

LIC MF Savings Plus Plus Fund

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SLIDE 11

LIC MF Liquid Fund LIC MF Savings Plus

Funds allowed for Premium

LIC MF Savings Plus LIC MF Income Plu und Plus Fund

mium Deduction

Plus Fund Plus Fund

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LIC MF Income Plus Plus Fund

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SLIDE 13

How APPS Works?

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

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ufficient balance in his MF folio on bit date f Grace period.

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Fill the Mandate Form in duplicate an Off One form for registration of APPS

Invest in any of the mandated s Existing Folios a

I want to Register for APP

Apart from

Attach status report / self attested Copy of LIC Policy or FPR Attach sel copy of P

One form for registration of APPS e and submit the same to any LICMF/ Karvy Office Second Form will be given back after

ted schemes of LIC Mutual Funds.

  • s are also eligible.
  • APPS. What should I do?

from above..

self attested

  • f PAN card

Ensure all premiums already due have been paid and next due is at least one month away

Second Form will be given back after acknowledgement

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SLIDE 15

APPS Mandate Form

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Attractive returns on the invested amount with Easy liquidity in case of emergency needs. Liquid funds are safe. No need to remember policy due dates. Just ke

What benefits do I get if I r

No need to remember policy due dates. Just ke No need to worry about policy lapsation. Single Payment for all future premium in lieu of longer available). Periodic SMS/ Email alert to the investor . Enjoy Grace period benefit too. ith us. t keep sufficient balance in your folio.

if I register for APPS?

t keep sufficient balance in your folio. u of Advance Premium facility of LIC (no

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Acceptance of Mandate ba e based on the holding pattern

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Earn both insuranc fund commission Substantial reductio required to service

Value Addition for the

required to service Satisfied customers ance and mutual uction in time vice existing clients

r the Distributor

vice existing clients ers

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SLIDE 19

Mutual Fund investm market risks, read a

Disclaimer

market risks, read a documents

LIC Nomura MF Unit Link

stments are subject to ad all scheme related

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ad all scheme related nts carefully

t Linked Insurance Scheme

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THANK

Khush

ANK YOU

Khushiyaan, Zindagi Ki....