If not registered on LIC Portal: Visit click on the tab “new User”, select your own user-id and password and provide all the necessary information. Now you are a registered Portal user.
How can I know my lic policy status through SMS?
LIC Policy Status by SMS
- Open your mobile to send SMS.
- Click on compose SMS.
- Type ASKLIC XXXXXXXX STAT.
- Send to 9222492224 or 56767877.
- Immediately you will get the live status of LIC policy through a reply short message or an error message if your mobile number not registered.
How can I know my LIC policy surrender value?
The surrender value of the policy, only after 3 successful years of premium payments, can be calculated as: {Basic sum assured X (number of premium paid/ total number of premium payable) plus total bonus received}, X, the factor of surrender value.
Can I get LIC statement online?
All LIC customers who have an account on LIC’s official site and have registered their policy online can generate these premium statement receipts whenever needed. Visit the LIC login page ().
Is it worth to surrender LIC policy?
Surrender value is payable only after three full years premiums are paid to LIC. More over if it is a participating policy the Bonus get attached to it as per prevalent rules. Surrender of policy is not recommended since the surrender value would always be proportionately low.
Can we withdraw LIC policy before maturity?
When you opt-out of a policy before its maturity, then it is called surrendering of the policy and the amount that you receive at the time, is LIC policy surrender value. Also in the case of surrender before 3 years, no surrender value is offered.
How to check the status of your LIC policy?
LIC Policy Status Online Check: Go to the LIC website you can view ‘New User? Click here’ option to the right side of your page. click on it. Now enter your policy number, installment premium amount of your LIC policy and DOB.
What do you need to know about the LIC?
Note: If you are new to the LIC portal, it’s essential to keep all your required certified available because the LIC is the method of the One Time Registration Process. If you are newly registering then fill the required columns compulsory: Policy Number- It is like your account number or your identification number to the LIC portal.
Do you have any LIC policies in India?
If you have clicked “yes” for the question “Do you have any LIC policies?” you will be presented with an online policy enrolment form after you click the submit button for completion of Registration.
What happens if LIC policy is not paid?
Please note that LIC offers multiple services to its registered users. Life Insurance policies are meant to protect one’s family members in case of any contingencies. If the premiums are not paid on time, the policy will lapse and your family members will not get the benefits that they are entitled to in case something happens to you.
