LIC Policy Status Check: Easy Steps To Check Status Of LIC Policy
The Life Insurance Corporation of India was established in the year 1956 and up until the year 2000 LIC enjoyed a monopoly position in the life insurance segment. Even today, when there are more than 20 life insurance companies in the market LIC continues to have the largest market share. LIC India has a huge customer base which trusts the company and invests in different types of life insurance plans offered by LIC.
When it comes to the range of products offered, LIC India offers the following types of insurance plans:Term insurance plans Whole life insurance plans Endowment plans Money-back plans Child plans Pension plans Unit linked insurance plans Health insurance plans
You can buy any plan as per your suitability. To buy the plan, you are required to fill up a proposal form with your relevant information and submit the form with your documents. The first instalment premium would also have to be paid when the proposal form is submitted.
Once the form is submitted, LIC underwrites your risk and then issues you your insurance policy. After your LIC policy is issued, you might want to check your policy details. Even when you are an existing customer, you might want to check the status of your policy to check the term left, the surrender value, the bonus earned so far (if any) and any other relevant details of your policy.
Checking your LIC India policy’s status can be done without visiting LIC’s branch offices. LIC allows its customers with easy ways to check the status of their policy. The status of a LIC policy can be checked in any of the following ways:Online Through an SMS By calling the customer care number of the company
Checking your LIC’s policy status online is, by far, the easiest and the most convenient method. You can check the status from your computer or Smartphone right from the comfort of your home or office and even on the go. Enrolling LIC India policy online:
To check the policy status online, you would, first, have to enrol your LIC policy on the online portal of the company. Here is the step-by-step guide on how you can enrol your LIC policy online – Steps to enrol LIC policy for first-time/new users:
If you are a new customer of LIC and/or have not registered yourself for LIC’s online services, you are a new user. As a new user, first, you would have to create your LIC account and then you would be able to enrol your LIC policy. So, for creating your LIC account and enrolling your policy status, here are the steps:
In order to check the LIC policy status, you would have to register yourself on the LIC portal for online services. You need to follow the steps that are given below. However, before you begin the registration, it is recommended that you keep handy the following information:The policy number of the policy you wish to inquire about Detail of premiums that have been paid so far Scanned image of the policyholder’s Passport or PAN Card or Aadhaar Card ( .jpg or .jpeg format with a file size of less than 100 kb)
Once you are prepared, you need to pursue the given steps:Step 1: Get the registration Visit LIC India’s website https://www.licindia.in/ and click on “New User”. Once you do that, you would have to fill in a user-id and create a password. You will be asked to provide all the required information. You will be sent a verification email to complete your registration process. Click the verification link and your account would be created. You will now be a registered portal user.Step 2: Print and fill up the form Post registration, you now need to make use of the e-services. Once you click the “E-services” tab on the home page, you would have to log into your account using your user ID and password. You would get an online services enrolment form to register your policies. Print the form, fill it up and sign it. You would now have to upload it on the portal along with a scanned image of your passport, PAN Card, or Aadhaar Card.Step 3: Use the services. The verification process generally takes up to 3 business days. Once the verification is done by the LIC, you will receive an e-mail of acknowledgement or/ and an SMS will be sent to your registered mobile number. You will now be able to use the LIC e-services by logging in using your user id. You would now have to click on the option of ‘Basic Services’ “Add Policy” to add your remaining policies, if any.
