➤ How does the LIC Family Protection Plan protect my family?

The LIC Family Protection Plan ensures your family’s financial security by providing a lump sum benefit in case of your untimely death. This benefit can cover daily expenses, debt repayment, and long-term goals like education.

➤ What makes the LIC Family Protection Plan different from other plans?

This plan stands out due to its flexibility, rider options (like critical illness and accidental death), and long-term security. It is tailored to protect families from multiple uncertainties, not just death.

➤ What happens if I miss a premium payment?

If you miss a premium, LIC offers a grace period. After that, the policy may lapse, but can often be revived by paying the overdue amount with interest. Continued payments are key to uninterrupted coverage.

➤ Can I change my coverage or sum assured later?

Yes, you may increase or decrease your sum assured based on the policy terms. Talk to your LIC advisor to understand what’s allowed under your specific plan.

➤ Are loans available on the LIC Family Protection Plan?

Yes, after a certain period, you can borrow against the policy’s surrender value. This provides emergency liquidity while keeping the plan intact.

➤ How do I file a claim?

Claims can be filed by submitting the required documents (like death certificate, ID proof, and policy papers) to your nearest LIC branch or via LIC customer service channels.