LIC introduces – Gold club membership for its customers

July 10, 2009 · Author: editor· Category: insurance

Life insurance major, Life Insurance Corporation of India (LIC) will be introducing Gold club membership for customers paying premium of more than Rs.25,000 per annum. Further in order to become Gold Club Member, one should hold minimum 5 LIC polices for at least seven years. There should be no premium payment lapse.

LIC’s Coimbatore Division has further introduced a scheme under which top performing development agents will be promoted as Senior Business Associate (SBA).

A SBA office offers facilities such as payment of premiums and deposits for new policies, renewals, income tax certificates for premiums paid, loan quotations, policy revival quotations and status reports.