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The plan offers high bonus from day one itself and the risk on the policy commences after 2 years of policy or on completion of 7 years of age, whichever is later.
Saturday, March 20, 2010. Changing the mode of premium payment. In the middle of the course of premium payment the policy holder may want to change his mode of premium payment which is a easy task. The simplest way is to contact your agent and he will take care of everything else. Otherwise the policyholder has to go to the concerned branch where his policy was taken and give them a written statement that the mode of payment has to be changed. Modes of premium payment in LIC.