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To rectify the pending due, you shall need to go to any of branches of LIC office and you shall pay the outstanding due either by cash or cheque towards Life Insurance Corporation of India. After paying the current paying due at any of the counters, your next ECS due would be normal.
How to Check LIC Policy Details Online?
- Step 1: Go to the official LIC website, fill in your credentials like username and password.
- Step 2: Login to your account and select the option ‘View Enrolled Policies’.
- Step 3: You will be directed to a page where you can see all the listed enrolled policies.
How can I change my LIC premium to monthly?
When the policyholder wants to decrease the frequency of premium installments in a policy year (from monthly to yearly, from half yearly to yearly or from monthly to half yearly etc). It will be done by policy holder by writing a letter to LIC OF INDIA and NO fee will be paid in this case.
What is the late payment fee for LIC premium?
Premium can be collected for ULIP Policies; however, premium for Health Insurance policies cannot be collected at present. Late fee is computed @8\%. Minimum late fee is Rs 5/-. Premium cannot be collected for Next Financial Year.
How can I cancel my NACH mandate in LIC?
If a policy holder desires to discontinue the NACH facility, request should be given to the servicing branch at least 20 days in advance of the debit date for monthly mode policies and 30 days in advance for other modes. 6. NACH mandate form can be submitted in any LIC Branch.
How To Download LIC Premium Payment Receipt Online? To download the LIC premium payment receipt online, you need to be a registered user of LIC’s e-Services. Visit LIC Homepage and click on the link called LIC e-Services that is available on “Online Services”. Click on the tab “Registered User”.
How can I check my LIC policy status?
Procedure to Check Policy Status Online (for Registered Users):
- Open the LIC India website and click on Customer Portal located underneath Online Services.
- It will redirect to the login page where you should select the Registered User option.
Do LIC premiums get deducted from your bank account?
However, those customers who have opted for the ECS as the premium payment mode for their LIC policy, their premiums are automatically deducted from their bank account when it is due. In such cases, there is no premium receipt that is generated and sent.
If you need to pay the premium for your LIC policies, you can use the offline and online methods of payments. These options are explained in this article in detail. NACH: Under this payment system, the premium is deducted by the bank at a pre-decided date and is remitted to LIC.
Yes, you can change LIc premium from quarterly to monthly. There are many advantages and disadvantages. This is good for salaried customers as Premium would be deducted every month on the specified date from your account. Need to maintain Bank account properly. Balance of LIC premium apart from minimum balance should be available all time.
How many months in advance can I deposit my LIC premium?
For premium falling due in next financial year, you can deposit maximum of 3 months in advance of premium due date. ie if you desired to pay advance premium due in 28/07/2017, then it is not possible on current date. What is the late payment charge for an LIC premium for half yearly and quarterly?