Diplomatic Enclave, Arabian Gulf Street, P.O. Box 1450, Safat-13015, Kuwait. Phone: 22530600, 22530612 - 14 Fax: 22546958, 22571192, 22573910, 22573902
LIC (international) BSC(c)

LIC (international) BSC(c) is a subsidiary of LIC of India, a corporation established through an act of Gov. of India.

CHIEF AGENT : M/S.Warba Insurance Co.SAK, KUWAIT

LIC(International) started its activities in Kuwait in the year 1996 through its chief agent M/S.Warba Insurance Co.SAK, later in the year 2006, expanded by opening the marketing office of M/S.Warba Insurance Co.SAK, at Fahaheel.

Warba Insurance Co. KSC P.O. Box 24282
Ahmad Al Jaber Street , Safat - PIN 1313 -Kuwait
Tel. +965.22914245, 22914255,2269210
Fax.+965.22428775 ,Email- lic@warbaonline.com

Fahaheel Office

7,Al Mazyad Com. Centre,
2nd Floor,Opp. Green Tower,
Above Red Tag Mall,Adjacent to SnowWhite,
Fahaheel, Kuwait
Tel. +965.22914850,22914851
Fax +965.23920716, Email - lickuwait@warbaonline.com

Mr. Devesh Kumar, Resident Manager
Mobile No. +965 66894179

Some of the popular plans of LIC International are as follows.

Participating Endowment
Helping you enjoy life
Suitability :
 This is the most popular plan among all insurance plans which helps in fulfilling many long term and short term financial needs.
 It provides family protection as well as old age provision at an affordable premium.
 This policy is suitable for all categories of people.

Salient Features :
 Sum assured is payable either on survival to the term or on death occurring within the term.
 Bonus for the full term is payable on the date of maturity or in the event of death, whichever is earlier.
 Premiums cease on death or on expiry of term whichever is earlier.
 Premiums can be limited to shorter term of 5 years.

A. On Survival to maturity : Full sum assured along with Bonus and Final Additional Bonus(if any) is payable.
B. On Death within the term : Full sum assured along with the bonus is payable to the beneficiary.
C. Other Conditions
o Minimum Sum Assured : US $ 2,500
o Maximum Sum Assured : No Limit
o Minimum Premium : US $ 50 for Monthly mode and US $ 100 for Quarterly, Half-Yearly and Yearly modes
o Minimum age at entry : 12 years (Completed) .
o Maximum age at entry : 60 years (Age nearer birthday)
o Maximum Maturity Age : 70 Years (Age nearer birthday)
o Terms allowed : 5 to 34 years
o Premium Paying Term : Full Term, Limited Term of 5 Years
o Modes available : Monthly, Quarterly, Half-Yearly, Yearly.

Accident Benefit :

Policyholder has an option to choose Accident Benefit cover by paying marginal additional premium of US $ 1 per thousand Sum Assured. This cover is available during the term of the policy. An additional Sum Assured is payable either on death due to accident or permanent disability due to accident. In case of permanent disability an amount equal to the Sum Assured will be paid in equal monthly instalments spread over 10 years.This benefit is subject to the overall limit of US $ 50,000 (including Accident Benefit taken under all other plans of LIC International).

Illustration :

Paid Up Value

If premium has been paid for a period of 3 years and thereafter due to unforeseen circumstances, payments cannot be made, policy will automatically be converted into a paid up policy for a reduced Sum Assured, payable on the date of maturity or in the event of unfortunate death, if earlier.

Policy Loan :
The Policy holder can raise a loan on the security of the policy after the policy has acquired paid up value by payments of premiums at least for 3 years from the date of commencement.

Portability :
A special and unique facility available only to our policy holders to get their policies serviced at any of the branches of Life Insurance Corporation of India provided at least one full year premium has been paid and adjusted, if on repatriation, they desire their policies to be transferred to India. Policies should be in force or fully aid up at the time of transfer.

Transfer of Policies

1. The policy holder should be permanently repatriated to India. In other words the condition for transfer should be independent of the choice of the individual policy holder.
2. One full year premium must have been paid and adjusted.
3. The policy must be in force.
4. Policies in lapse condition (whether pure lapse or reduced paid up) cannot be transferred. The same can be transferred only after revival.
5. The policies which have acquired paid up value, but are in lapse condition for more than 5 years cannot be transferred.

1. The Policy holder has to submit his request of transfer in prescribed format along with the original Policy document to the Company Office at Bahrain..
2. On receipt of the request from the Policy holder the Company will forward the Policy records to Foreign Operation Branch (FOB) of LIC of India at Mumbai.
3. The original policy document will be sent to FOB for necessary endorsement and stamping.
4. The Sum Assured and the premium in foreign currency shall stand altered to equivalent Indian Rupee amount at the rate of exchange current on the date on which the request of transfer is received by the Company.
5. The rules and regulations issued by Reserve Bank of India from time to time will be applicable at the time of conversion to Indian Rupee amount.
6. The place of payment of policy monies shall be altered to a place in India instead of the place specified in the schedule of the Policy.
7. The Policy will be stamped from time to time (currently 40 paise per thousand Sum Assured).
8. A suitable endorsement will be placed by FOB and the Policy document will be sent to the policy holder and policy docket to the concerned Branch Office in India for future servicing.
9. If any loan is outstanding against any policy, the loan amount with interest will have to be paid before transfer of the policy to India and as such, policies will be transferred unencumbered.
10. The policy shall be entitled to Bonus declared by LIC International for the period of the premiums collected by LIC International and Bonus declared by LIC of India for the period of premiums collected by LIC of India.
11. For policies which are entitled for Guaranteed Addition (like Bima Nivesh and PEP), the policy moneys under the Guaranteed Addition will be given as declared by LIC International at the time of inception of the policy.

Guidelines For Policy Holders

We We welcome you as a policyholder and as a prospective customer to our customer service section. This section will guide you through the various intricacies of a life insurance contract and the facts that you must know to make the best out of your life insurance policy. Please read our guidelines carefully.

Your Policy Number
Policy Conditions
Alterations In Policy
If Your Policy Is Lost
Your Contact Address – Keep Us Posted Without Fail
Admission Of Age
When To Pay The Premiums
Grace Period For Premium Payment
How And Where To Pay The Premiums
Policy Status – Where Available
Revival Of Lapsed Policies
Availing Loans On Policies
Surrender Value
Maturity, Survival Benefits, Disability And Death Claims

Your Policy Bond And Its Safety

The policy bond is the document that is given to you after we accept your proposal for insurance. The risk coverage commences after acceptance of your proposal and the conditions and privileges of your policy are mentioned in the policy bond.
This is an important document which would be referred to for various servicing interactions with you – Keep the policy bond safe. It will be required at the time of settlement of claims on the policy. You will also require it if you are availing a loan or want to assign the policy.
Inform your spouse/Parents/Children as to where the policy is kept.
In case you are handing over the policy bond to any person or office, please take a written acknowledgement. Keep a Photostat copy of the policy for your reference.

Your Policy Number

The policy number is consisting of nine digits and can be found at the top left hand corner of the schedule of your policy bond.
This is a unique identification number that distinguishes your policies from other policies and will remain unchanged throughout the lifetime of the policy.
Remember to quote the policy number every time in your correspondence, as it helps us to locate your records for reference.

Policy Conditions

Every policy is taken for different types of needs; therefore the conditions for your policy will vary according to the Plan and Term of the policy.
The policy schedule contains on the first page of your policy, like the ones mentioned above as well as other information like nominee, your address etc. It also shows the date of commencement of your policy, date of birth, date of maturity, due dates and months in which the renewal premiums are to be paid etc.
The second page onwards carries the various policy conditions like risk coverage, additional risks coverage if opted for, standard benefits that are available for all policies, accident benefit if opted for, exclusion of risks if any and other conditions that govern the contract of insurance.
Apart from death benefits there are other standard benefits and benefits opted by the policyholder, which you might want to familiarize yourself with (Click here to know more about various types of policy conditions and their implications).

Alterations In Policy

After the policy is issued, the policyholder in a number of cases finds the terms not suitable to him and desires to change them. LIC allows certain types of alterations during the lifetime of the policy. However, no alteration is permitted within one year of the commencement of the policy with some exceptions. The following alterations are allowed.
 Alteration in class or term
 Reduction in the Sum Assured
 Alteration in the mode of payment of premiums
 Removal of an extra premium
 Alteration from without profit plan to with profit plan
 Alternation in name
 Correction in policies
 Settlement option of payment of sum assured by installments
 Grant of accident benefit
 Grant of premium waiver benefit under CDA policies
 Alteration in currency and place of payment of policy monies
A fee for the change or alteration in the policy is charged by the Company called quotation fee and no additional fee is charged for giving effect to the alteration.

If Your Policy Is Lost

Kindly make a thorough search before concluding that you have lost the policy bond. Look for the same within your residence, among your investment papers, at your office and even with your agent to whom you might have entrusted the document for some reason.
It could have been even pledged with LIC/any other financial institution for availing a loan by you. LIC retains the policy bond when you go in for a loan against the policy. Make sure that the document you are searching is not one that has already been assigned to LIC, or to another financial institution.
If the policy bond is partially destroyed due to natural causes like, fire, flood, etc, the remaining portion may be returned as evidence of loss of policy to LIC, while applying for a duplicate policy.
In case you are sure that the policy bond is untraceable due to unknown causes, there is a simple procedure to comply with while applying for the duplicate policy at the branch that services your policy The documents to be submitted for getting the Duplicate Policy
 Indemnity form duly filled ,signed and witnessed
 Copy of the Passport attested by official of the LIC
 Required fee for the issue of duplicate policy

Your Contact Address – Keep Us Posted Without Fail

Your address is very important for us. Without your latest address we would not be in a position to contact you for any service offering. We would not like to keep any benefit that is due to you pending for want of this very important information. Whenever you shift residences, please inform the new address to us.
Otherwise any communication we send to you, like premium notices, discharge vouchers for maturity and survival benefits etc., will get delayed in reaching you.
LIC provides for change of addresses, inclusion of telephone numbers, mobile numbers and email addresses in your contact addresses information. Kindly inform your servicing branch to incorporate the same in your policy records.

Admission Of Age
Check your policy bond and see if your date of birth is correctly given therein.
This is one of the factors on which the premiums you pay for your policy is arrived at.
This would also form the basis of all future policies you might avail from us.
In case your earlier policies do not have your date of birth incorporated and you do have a date of birth certificate issued by the competent authority, you may send an attested copy of the same to us, with a request to admit your age (Click here to find out the certificates of age that LIC accepts.)

Ensure that the nominees name is correctly incorporated in the policy bond.
You may change the nomination in your policy any time during the lifetime of the policy In case you have not included the name of the nominee till now, please do not delay; inform us your nomination immediately. Kindly note that the change of nomination has to be done in the branch that services your policy.
The nominee is the person to whom the insurance claim amounts would be payable, in case anything unfortunate within the purview of the policy conditions happens to you.
The policy is usually taken by you to benefit your family – nominate the persons who’ll have the welfare of your family in your absence; the usual preferences being spouse and children.
You may nominate even minors like your children, in which case you have to name another person who’ll have the welfare of the minor children, as an appointee( Click here to know more about nomination).

When To Pay The Premiums
Remember to pay your premium in time, even if our notices do not reach you. There may be a postal delay.
LIC usually sends premium notices one month in advance to the due month of the premium.
The months in which premiums are due are given on the first page of the Policy bond.

Grace Period For Premium Payment
In case you have not paid the premium within the due date there is still time for you to make the payments without payment of interest on the premium. This period is called the grace period. (With the exception of some plans)
The grace period for policies where the premium payment mode is monthly is 15 days from the due date.
The grace period for policies where the premium payment mode is quarterly, half-yearly or yearly is one month but not less than 30 days.

How And Where To Pay The Premiums

Telex Transfer Details
A/c with HSBC Bank USA, New York
Swift: MRMDUS33

ACCOUNT No. 000140104
IN FAVOUR OF State Bank of India, OBU, Bahrain
Swift: SBINBHBM - Chips UID: 140895

TO BE CREDITED TO THE US $ A/C NO. 02660026620001
IN THE NAME OF Life Insurance Corporation (International) B.S.C. (C)
WITH State Bank of India, OBU, Bahrain

The remitter has to send the MT 103 with charges as ‘OUR’ (i.e., Field 71a as ‘OUR’ ).

Kindly use Field 70 of MT 103 to mention your Name and Policy Number.

You may also inform us by email after effecting the bank transfer.

Demand Draft Details

The payments can be made by drawing US Dollar Demand Draft in favor of Life Insurance Corporation (International) B S C ( C ) Bahrain, payable at New York only.

The Demand Draft is to be send to us at the below mentioned address.

Life Insurance Corporation(International) B S C ( C ) Ali Al-Wazzan Building, Ist Floor,
Al-Khalifa Avenue, P O Box 584,
Manama, Baharain.
Tel: 17210610
Fax: 17211577
Email: intcolic@batelco.com.bh

LIC International bank account details ( KUWAIT)

Alternatively you can remit in our Kuwait Burgan bank account. Details are as follows. After effecting transfer, kindly send an email informing us about the transfer along with policy numbers.

Email: lic@warbaonline.com .
ABA : 021000021
A/C NO : 544728155.
FOR FURTHER F/O : CLIENT’S NAME: Life Insurance Corporation (INT’L)
ACCOUNT No: 3101000036

IBAN : KW86BRGN0000000000003101000036

Revival Of Lapsed Policies

If your policy has lapsed due to non-payment of premiums within the due date, the terms and conditions of the policy contract are rendered void, till you revive your policy.
A lapsed policy has to be revived by payment of the accumulated premiums with interest as well as giving the health requirements as required . (Click here for knowing more about the revival procedure and the different types of revival allowed) Always keep your policy in force to ensure that your family gets their financial protection assured by your policy.

However certain concessions dependent on the term for which you have paid the premiums are available with the exception of some plans for claims concession.(Click here to know the concessions for delayed premium payment and for claims during the lapsed period).

Surrender Value

This is the value which is the amount payable to you should you decide to discontinue the policy and encash the same from LIC. Surrender value is payable only after three full years premiums are paid to LIC. More over if it is a participating policy the Bonus get attached to it as per prevalent rules. Surrender of policy is not recommended since the surrender value would always be proportionately low. Should you decide to go in for another insurance at this stage further insurance would be available to you at a much higher premium because your age would have advanced since taking out the earlier policy.
Therefore retention of earlier policies and continuation of all policies without allowing them to lapse is the best strategy for continuing life insurance protection.

Maturity, Survival Benefits, Disability And Death Claims

When your Survival Benefits (For Money back policies) or maturity benefits are due, we send intimations to you in advance. If such intimations have not come to you before the due date kindly inform us so that we may take necessary action . Kindly contact our office for the issuance of death claim forms.

Kindly visit our site for further details. www.licinternational.com

Address: Diplomatic Enclave, Arabian Gulf Street, P.O. Box 1450, Safat-13015, Kuwait.
Consular Services working hours: 8.00 A.M to 4.30 P. M (Sunday to Thursday)
Issue of Token: 8.00 A.M to 12.00 P.M & 1.30 P.M to 3.00 P.M
Embassy timing: Sunday to Thursday 8.00 A.M. to 4.30 P.M (Lunch Break: 1 p.m. to 1.30 p.m.)
Telephone Numbers: (00-965) 22530600, 22530612 - 14
Fax Number: (00-965) 22546958, 22571192, 22573910, 22573902

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