Quick Answer: How Can I Know My LIC Loan Balance?

How can I know my LIC policy no?

How to find LIC policy number by name and date of birth?# By login to LIC portal.

If you created the login to LIC portal and you know the login credentials, then by login you can easily find out the policy number without any hurdle.# Contact your Agent.

# Visit the Home Branch.

# Visit any LIC Branch.

# Visiting the Unclaimed and Outstanding option of LIC..

How can I pay my LIC loan?

Step 1: Log-in to your account by entering your details. Step 2: Once logged in, click on ‘Online Payments’. It will take you to the premium payment portal. Step 3: Select the policies for which you wish to make payments and click on ‘Check & Pay’.

How can I withdraw my LIC policy online?

First keep in mind that as of now Surrendering LIC policy is not possible ONLINE. Also, you have to surrender the LIC policy at your servicing LIC branch ONLY. Servicing branch may be the branch where you purchased the policy.

Is LIC is going to be private?

Finance Minister Nirmala Sitharaman on Saturday said insurance major Life Insurance Corporation (LIC) of India will be listed on the bourses as part of the government disinvestment initiative. … In April last year, LIC acquired controlling stake in state-run lender IDBI Bank, thereby making it a private sector bank.

What is the due date of LIC premium?

LIC usually sends premium notices one month in advance to the due month of the premium. The months in which premiums are due are given on the first page of the Policy bond. The grace period for policies where the premium payment mode is monthly is 15 days from the due date.

Can LIC loan be paid online?

You will be directed to a page where you can choose from multiple banks for payment and will be directed to the login page of the selected bank. … On successful login, the total amount to be paid by you towards LIC will be displayed. Please verify your balance (displayed) and confirm the transaction to the bank.

How can I check my LIC policy without registration?

For making a local call from any MTNL or BSNL number simply dial 1251 and for other than local users IVRS can be accessed by dialling the city STD code of the IVRS center followed by 1251. When you call to this number, the only information you need to know is your policy number.

What do you know about LIC?

Life Insurance Corporation of India (abbreviated as LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India….Life Insurance Corporation.Yogakshemam VahamyahamTypeStatutory Corporation established by an Act of Parliament- LIC Act 1956IndustryFinancial servicesFounded1 September 195611 more rows

How can I repay my LIC loan?

You can follow any of the LIC loan repayment procedures:pay the interest along with the principal.pay only the interest and principal amount can be settled with the claim amount on the maturity.pay interest for a few years and repay the principal when you have excess cash.

How can I get lost LIC Bond?

Immediately inform your insurer When you lose your original life insurance policy bond, you must inform your insurer at the earliest. Visit the nearest branch of your insurer and talk to concerned authorities regarding the loss. You need to submit an application mentioning the following details: Your name in full.

Who is the owner of LIC?

Government of India100%Life Insurance Corporation/Owners

How can I check my LIC loan status online?

Check LIC Policy Status Online (For Registered User)Step 1:You must visit the e-Service Portal of LIC. … Step 2:You will need to enter the login credentials namely, your User Name and Password.Step 3:Once you’re logged in your Services Account of LIC, you will see various options related to the account or your policy.More items…

How can I get LIC maturity amount online?

a. If already registered on LIC Portal:Click on e-Services, login with your user-id and password.Register your policies for availing the e-services by filling up the form provided.Print the form, sign it and upload the scanned image of the form.Upload the scanned image of PAN Card or Aadhaar Card or Passport.More items…

How much money will I get if I surrender my LIC policy?

Guaranteed Surrender Value: The policy can be surrendered after it has been in force for at least 3 full years. The Guaranteed Surrender value will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.

Can I reduce my LIC premium amount?

There are limited ways to reduce the premium of life insurance policy but is possible. The amount of coverage you purchase, the inclusion of riders and the length of time your coverage is in place are the factors that determine the premium.

How can I claim my LIC maturity amount?

Maturity Claims:It is our endeavour to settle your maturity claim on or before the due date. … Please submit your Discharged Receipt in Form No.3825 with original policy document atleast one month before the due date so that the payment is received before the due date of maturity claim.More items…

How can I update my LIC policy with mobile number?

How To Update/Register Mobile Number And Email For LIC Policy Online?Go to the link www.licindia.in/Customer-Services/Help-Us-To-Serve-You-Better.Fill in details like your full name and date of birth as per the policy document that you already hold. … Fill the mobile number and email address in the space provided.More items…•

How can I know my lic balance?

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.More items…

What is reduced paid up in LIC?

What is Reduced Paid-Up Insurance? … Reduced paid-up insurance would allow the death benefit to remain in place without you being required to pay any future premiums. However, the death benefit is reduced to the amount of cash value that you had in your original life insurance policy.

Is LIC in profit or loss?

LIC is the largest stock market investor in the country. “Our investment depends on the market movement. … The corporation realised a lower profit of Rs 23,621 crore from its equity investment during 2018-19, down 7.89 per cent from Rs 25,646 crore in the previous year.

How can I change my lic bank account details online?

Step 1: Log in to LIC portal. … Step 2: Select Service request to Register NEFT online. … Step 3: Policy Selection for NEFT Registration. … Step 4: OTP validation for varification. … Step 5: Fill your bank details. … Step 6: Generate the NEFT form. … Step 7: Upload NEFT form to register NEFT details.