The LIC Balanced Advantage Fund was launched on October 20. The fund expires on November 3, 2024. Before we fully know about this fund, what is NFO? Who is it suitable for? Is LIC Balanced Advantage Fund the Right Opportunity? Let’s see.
What is NFO (New Fund Offer)? This new fund is called NFO. If a stock is initially issued in the stock market, it is called an IPO. Similarly, if a stock is issued in the mutual fund market, it is called NFO.
LIC Balanced Advantage Fund
In that sense, the LIC Balanced Advantage Fund is the fund that LIC released on October 20. With the stock market continuing to fluctuate, is it possible to invest during this time? Don’t you What to do next. In such cases it is essential to have Balanced Advantage Funds in the investment portfolio.
How best?
This is because when the market is highly volatile, these funds reduce their investment in stocks. Instead they invest in things, including debt securities, to reduce risk. Balanced funds are generally those that can invest in stocks and bonds.
Plan suitable for investors
The income is approx. But the risk is slightly lower. There are two types of equity funds and past funds. Therefore, investments in this fund are modified according to the trend of the stock market. Thus these funds are seen as a scheme suitable for investors.
Risk Free Fund
The mutual fund is also suitable for new entrants to the market, especially for investors who do not want to take too much risk. Overall a fund that should be a must in everyone’s portfolio. Even more so when it comes to LIC’s fund, which is seen as an additional feature.
Life insurance claim does not require death certificate .. LIC important announcement ..!
As the Indian population suffers from corona infection, several thousand people have died. In this context, LIC, the country’s largest life insurance service provider, has announced the most significant relaxation in settling insurance claims.
The LIC said in a statement that other documents confirming the death would be accepted if the family died due to delay in obtaining a death certificate from the municipality due to lockdown and curfew restrictions in place due to the corona infection.
Death by corona infection
As the number of deaths due to corona infection is increasing daily, the families who have life insurance are trying to claim the sum insured between the coroner and the deceased. LIC has taken this decision to create a conducive environment for them.
Hospital Discharge Summary
According to the LIC notification, in case of delay in obtaining the death certificate from the municipality, the hospital has given permission to start the insurance claim process by keeping the discharge summary report containing the time and date of death.
Dead time, day is very important
LIC has said that the Discharge Summary Report issued at Government Hospital, Army Hospital, Corporate Hospital and State Employee Insurance Corporation Hospital will be accepted.
Cremation / burial certificate required
In addition, LIC allows you to claim a sum insured for Life Insurance based on the signature of the Class I Officer or Development Officer with 10 years of experience and other documents confirming the death of the insurer / burial certificate or other organization issued by the LIC Class I Officer to confirm the Discharge Summary Report.
Corona infection only
Life Insurance Corporation (LIC) offers this offer only to those who have died due to corona infection. LIC has also explained that those who die due to natural and other ailments must submit a death certificate issued by the municipality if they want to make an insurance claim.
LIC Office
It is noteworthy that LIC has also provided relief to the public as long as the relative or spouse of the deceased submits the documents to the nearest LIC office to avail the claim amount for life insurance / life insurance.
LIC office hours
Also, as per the government order, LIC offices will be open only from 10 am to 5.30 pm from Monday to Friday, May 10, and all Saturdays are closed.
