How to Check LIC Policy Status

lic policy status

How to check lic policy status: Checking the status of your LIC (Life Insurance Corporation of India) policy is essential to stay informed about your lic policy’s details, premium payments, and maturity date. Multiple methods to check your LIC policy status, including the online portal, offline option, customer helpline, SMS service, visiting a LIC branch office, or contacting your LIC agent.

How to Check LIC Policy Status

To check the Lic Policy Status (Life Insurance Corporation of India) policy, you can use one of the following methods.

Online Portal

1.Visit online official LIC website (licindia.in).
2. Look for the “Online Services” or “Customer Services” section.
3. Register for an account or log in if you already have one.
4. Once logged in, you should be able to view the details and status of your LIC policies.

LIC Customer Helpline

1. You can call LIC’s customer care helpline at 022-6827 6827.
2. Follow the automated instructions or speak to a customer service representative to inquire about your policy status.

SMS Service

1. Send an SMS to LIC’s SMS service number 56767877.
2. The format should be: “LICPOLICY ” (without the quotes).
3. You will receive the policy status details on your mobile.

LIC Branch Office

1. Visit your nearest LIC branch office.
2. Submit your policy details and request assistance from the staff to check your policy status.

LIC Agent

1. Contact your LIC agent and ask them to assist you in checking your policy status.

Ensure that you have your policy number and other necessary details handy when using these methods.

Online Premium Payment

  • Many insurance companies, including LIC, offer online premium payment options. You can pay your premiums online through the LIC website or mobile app.
  • Timely premium payments are crucial to keep your policy in force.

Policy Statement

  • You can request a policy statement from LIC, which will provide detailed information about your policy, including its status, premiums paid, and maturity benefits.

Grace Period

  • LIC policies usually come with a grace period during which you can pay overdue premiums without the policy lapsing. Be aware of this period and make payments promptly to avoid policy discontinuation.

Lapsed Policy

  • If your policy has lapsed due to non-payment of premiums, you may have options to revive it by paying the overdue premiums and any applicable penalties. Contact LIC for guidance on policy revival.

Surrender Value

  • If you’re considering discontinuing your policy, you can inquire about its surrender value, which is the amount you will receive if you surrender the policy before maturity. LIC can provide you with this information.

Nominee Details

  • Ensure that your nominee’s details are up to date in your policy. This is important for a smooth claims settlement process in the event of an unfortunate incident.

Policy Loan

  • Some LIC policies offer the option to take a loan against the policy’s surrender value. Check if your policy allows this and the terms associated with policy loans.

Policy Status Alerts

  • Enroll in LIC’s policy status alerts if available. This can help you receive notifications and reminders regarding premium payments and policy updates.

Policy Review

  • Periodically review your policy to ensure it still aligns with your financial goals and needs. You can consult with LIC or your agent to make any necessary adjustments.

Be Cautious of Frauds

  • Be cautious of fraudulent calls or messages claiming to be from LIC. Always verify the authenticity of such communications before sharing any personal information.

Read also: Best Smart Watch for Girls

Leave a Reply

Your email address will not be published. Required fields are marked *