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Form NO 300 is used at Time of taking new POLICY. Proposer should be older than 18 years.
What is full form LIC?
Life Insurance Corporation of India (LIC) is an Indian public sector life insurance company headquartered in Mumbai.
What is LIC Form No 300?
Premium Waiver Benefit under this rider shall be equal to waiver of premiums payable under the Base Policy falling due on and after the date of death of Proposer till the expiry of rider term.
What is the use of LIC Form 360?
When you are going to sell a Life Insurance Policy on a life whose age is less than 18 years. Then LIC Form Number 360 is filled to propose on such life. A life under the age of 18 does not have its own income and as per the rules of the Government of India, such life is not considered an adult.
lic form 340
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