Can I pay late LIC premium online?
Step 1: Visit the official website of the LIC of India. Select ‘Through customer portal’ or ‘Pay direct’. Step 2: Then, you are required to provide all the credentials and details of your policy from LIC. The login ID and password of LIC are required if you have selected the option of the customer portal.
What happens if LIC premium is not paid?
In term insurance, failure to pay the premium before the due date results in the policy lapsing, which forfeits your insurance benefits and the premiums paid so far. The policy is still in force during the grace period, and if anything happens to the insured, the nominee would still be eligible for the benefits.
How can I fill my LIC premium online?
You can do so by either visiting the LIC website or by downloading LIC India’s app. To pay premiums through the insurer’s website, visit www.licindia.in and click on ‘Pay Premium online’ from the ‘Online Services portal’. Here you will get two options: a) Pay Direct (Without login) and b) Through customer portal.
How can I get LIC maturity amount online?
Step 1:The insured needs to visit the official website of LIC. Step 2:On the home page, the user can select the option of “New User.” Step 3:In the next step, he can fill up his personal details such as name, date of birth, policy number, mobile number, email address, etc.
What is the best LIC plan?
New Jeevan Anand Plan is one of the best plan in LIC, which offers an attractive combination of protection and savings. This plan continues to provide coverage till the death of the insured even after the maturity of the plan. This plan is combination of both Endowment Plan and Whole Life Plan.
What is an insurance LIC?
An insurance license allows a person to solicit and sell insurance products. The license is issued by the state insurance commissioner in the state where you intend to solicit and sell insurance and is separated into different insurance types, including life and disability, health, auto or worker’s compensation.
What is LIC India?
Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai.
What is a premium receipt?
premium receipt. A receipt issued to the policyholder by the insurer or the insurer’s agent which proves that payment has been received.