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How can I get refund from LIC policy?
The refund process shall take 6 to 8 days. Also, If receipts for both the transactions have been received by customer, then the excess payment made through Bill desk/Online portal will be refunded by servicing branch of LIC through NEFT. We request you to kindly adopt only one mode of premium payment.
What happens if you fail to pay LIC premium?
Generally, you will be provided a grace period which is typically up to 30 days after your due date. If you fail to pay your premium in the grace period as well, then your insurance policy will get terminated.
How can I recover my LIC policy amount?
Under the special revival scheme, the policyholder has to give a written request for reviving the policy. A lapsed policy can be revived under the revival scheme by shifting the original date of commencement by the period of maximum two years.
How can I download LIC receipt?
The following are the steps you must follow for LIC premium receipt online download:
- Visit the LIC website (www.licindia.in) and click on ‘LIC’s e-Services’ under the option which says ‘Online Services’.
- If you are a registered user, select ‘Registered User’.
Can we revive lapsed LIC policy online?
The revival of lapsed LIC policy is not an extensive process. Policyholders can quickly revive the policy online by visiting the official website of LIC or visit the nearest branch of the company.
Can you get money back from a lapsed life insurance policy?
Can you get money back from a lapsed life insurance policy? If you stop paying your life insurance premiums and your policy lapses, you are not refunded any of the money you paid in premiums.
Can we revive LIC policy online?
What should I do if my LIC premium paid by online fails?
In case of failure of adjustment of your LIC premium paid by online, you need to contact your Agent who had sold the policy to you or visit the particular branch. I have surrendered my LIC policy 2 days back with all the papers. How much time would it take to receive the money in my account?
In case of failure of adjustment of your LIC premium paid by online, you need to contact your Agent who had sold the policy to you or visit the particular branch. Yes, Madam. You will get back the failure transaction money in to your Account within stripulated time.
Why should you buy an LIC policy?
As a customer or insurance policy holder, we would have bought a LIC policy some years back because either one of our friends was an LIC Agent and he has recommended us to buy an LIC policy or some tax has been deducted by our employer as TDS from our monthly salary or there might be some other reasons behind your policy purchase.
What should I do in case of a failed transaction?
In case of failed transaction, money should not have been transferred. However, in case the same has been debited to your account, and as it, happens to be a failed transaction, you should get back the credit within 3 working days. You can callthe customer helpline if the refund isn’t received within the above stipulated time.