If you want to get all the information related to your LIC policy sitting at home, then you must be registered in LIC e-Services or LIC Customer Portal web app. Because today all the work is being done online. If we talk about LIC Customer Portal, then through this lic online portal, you can take many types of services with the help of your smart phone sitting at home.
If you want to read this LIC e-Services content in Hindi language then click here.
If you are seeking information from LIC agent about your LIC policy repeatedly like premium payment, policy status, loan status, surrender status, premium payment, loan interest payment, loan repayment etc., then you have to register in LIC Customer Portal app or licindia customer login.
Because, many such services related to LIC insurance policy are now available online which can be availed sitting at home. For this, you can view these services by logging into the online LIC Customer Portal app.
Let us now talk about the online LIC customer portal. What are the benefits you get after registering or login in LIC Customer Portal App.
Contents
13 Benefits of LIC Customer Portal
1. Online LIC Premium Payment
You can easily pay the premium of your policy online. You can pay the premium of the policy sitting at home by logging into the LIC customer portal with the following payment methods like Net Banking, Debit Card, Credit Card, BHIM, UPI etc.
LIC Pay Direct app is used to make LIC premium payment which you can also view in LIC Customer Portal app. With LIC Pay Direct App, you can make online policy premium payment, loan repayment, loan interest payment and advanced LIC premium payment.
Renewal premium can be paid for all except policies under Salary Savings Scheme and policies registered for premium payment through NACH. Premium can be paid for the subscriber on the LIC Online Portal 1 month before the due date till the policy comes into force.
If you want to make premium payment without logging into LIC Customer App, then you will have to take help of LIC Pay Direct App. For LIC Pay Direct, you have to visit LIC’s official site LICIndia or install LIC Pay Direct Android App from Google Play Store.
If you want to know about what is LIC Pay Direct App and how to run this app, then read this article.
Apart from this, you can take the help of online payment portal app for online payment of renewal premium of LIC policy. Like paytm, google pay, phonepe etc.
2. View premium due calendar
The premium payment date can be seen in advance (Premium Calendar). The details of premiums payable during the year (monthly wise) are displayed. Let us understand well what is LIC premium calendar.
Premium Calendar LIC Customer Portal App has a section where you can see in which month the premium due date is. Also, you can check whether the premium has been paid this year or not, whichever is the premium due date.
There are many policyholders who are concerned whether the money has been credited or not after handing over the premium to the agent. There are many people who, even after taking the receipt, have doubts whether there is a duplicate receipt.
So let me tell for them that with the help of LIC Premium Calendar you can find out whether the premium of your policy has been paid or not.
3. View Policy Status
You can also see your own inforce policy or surrendered policy information on the Customer Portal of LIC of India. You can see the basic details of the policy like plan-term, sum assured, date of commitment, first unpaid premium (FUP) etc.
Apart from this, you can see the status of your policy whether the policy is enforced or lapsed. It is worth noting that the status of the policy which has been linked in the portal can be seen.
There are many policy holders who keep searching in Google that how to check LIC policy status, then let me tell them that you can check LIC policy status by logging into online customer portal.
To check the status of the policy is possible only after visiting the nearest LIC branch office. But if you register in the online customer portal, then you can take this service online whenever you want sitting at home.
4. Linking to other policy in the portal
If you have taken any policy in the name of your wife/husband or child then you can also view or add those policies in the portal.
LIC’s policy is so profitable, that every person has 4-5 insurance policies. There are lakhs of families having LIC insurance policy in the name of each member.
So, if you have taken all the policies in the name of your wife/husband or child, you can add the insurnce policies of all of them in your customer portal.
For this, first you have to register in the lic customer app, then one by one you can see all the policies by adding them in the LIC customer portal. All the services of online can be availed after adding other policies in the portal. Like online payment, status check, premium calendar, bond images etc.
5. Bonus status can be viewed
From the LIC Portal for Customer, you can get the information about the bonuses collected in the policy (Bonus Status). The total bonus deposited under the policy is displayed. This bonus is given only at the time of final payment or maturity under the policy.
6. Online LIC Loan Apply
You can apply for a loan from this LIC customer portal. If you want to take loan from LIC policy then it is possible through LIC portal.
7. Image of policy bond or form.
You can also see a copy of the Policy Bond or Proposal form image of the policy.
8. Premium Payment Certificate
You also get a certificate of payment of your premium (Premium Payment Certificate), whose work is necessary for tax exemption.
9. Revival Quotation
If your policy has been discontinued due to non-payment of your policy premium, then information about how to revive your policy is also available. You can get Revival Quotation of your LIC policy.
10. Grievance registration
If you are facing any problem regarding your LIC policy, then you can make your complaint through this portal or you can get any information through this portal. (Grievance registration)
11. Claims status
Displays the date of Survival Benefit (if any) or Maturity Benefit under the policy during the policy term in LIC customer portal.
12. Loan status
The current loan status is displayed, such as the total loan outstanding under the policy, due to which loan interest has been paid, etc.
13. Policy Schedule
The first page of the Policy Bond which constitutes the Policy Schedule is displayed in the LIC Customer Portal.
LIC India Login Portal Online e-Services
- LIC Customer App is also available in Google Play Store for LIC policyholder, after installing which you can avail online service of LIC policy.
- You can create MPIN in LIC customer app, with the help of which you will not need username and password in mobile. Log in will be done by giving four digit mpin to log in to the app or portal.
- If you make renewal premium payment from LIC customer portal, you can download the premium receipt whenever you want.
- If you have taken a loan from LIC policy, then you can see the loan interest and can also pay the loan interest online.
- The online service can be availed by adding the policy of your wife or child to your portal.
- If you file income tax return then you can download LIC premium paid certificate.
- Loan application, loan interest payment, loan repayment, premium payment can be done from LIC Customer Portal. You can also check LIC policy status.
LIC Customer Portal Login Process Online
If you are a LIC policyholder or you have any (self) LIC policy, then you can register a new user in LIC’s customer portal. Follow the steps mentioned below and login to the online LIC customer portal.
Step 1: Log on to the LIC’S official website www.licindia.in and click on the “Customer Portal” tab under “Online Services”. After this click on the New User button from the LIC e-Services page.
Step 2: After that fill in the registration form and hit the submit button. In the registration form, you have to fill your policy details like policy number, premium amount, date of birth, phone number email, pan details etc. When the filling of policy details is complete, after that click on the submit button.
Step 3: Create a new username and password to complete the registration in the LIC Online Customer Portal web app. You can login to the LIC portal with this username and password.
Step 4: You can re-login to the customer portal at any time with your username and password and also add the policy of your spouse or child. A registered user can access and avail all online services in the lic online customer portal.
The conclusion
We have discussed above about the benefits of LIC Online Customer Portal or lic india login portal. If you want to get all the information related to your LIC policy sitting at home and online then you must register on lic of india customer portal login Link.
To register on LIC Online Customer Portal, visit lic official site licindia and register now. Apart from these benefits, you also save time if you link your insurance policy with the customer portal.
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Also Read These
- What is LIC PayDirect App and How to Use It?
- Understand 5 Reasons, To Buy a Life Insurance Policy
- Understand 6 Things, What Will Happen After Premium is Discontinued?
FAQs
How can I use LIC portal? ›
...
How to Login on LIC Agent Portal
- Click 'Agents Portal' under Online Services menu tab.
- Select role as 'Agent'.
- Enter Agent Code/Email/Mobile Number.
- Enter password and date of birth.
- Click 'Sign In' to proceed.
You have to explain the plan details to your clients. After the client agrees to the policy that you recommend, you should help your clients fill up the proposal form. After the form is filled, collect the premium. Then, you need to visit the office of LIC for getting the policy issued.
What is the benefits of buying LIC policy online? ›Lower Cost
Most online life insurance products are 30-40% cheaper as compared to offline life insurance policies. This is because, firstly, the policy can be purchased directly from the insurer's website; thus, there is no intermediary cost applicable.
All they need to do is send an SMS from the registered mobile no. by typing “ASKLIC” followed by the policy number to 56767877 or 9222492224 to get the policy details. It will automatically show the policy details, which will include the policy benefits.
What is LIC portal? ›LIC's e-Services is LIC's initiative to provide you with on demand service within a few clicks! You can now have many of the functionalities that were available only at a branch office, online at your fingertips. Functionalities Offered. IPO Related FAQs for Policyholders. Registration for e-Services.
What is the user ID in LIC portal? ›Visit the official website of LIC and click on 'Forgot User ID' link. You will then have to provide details such as the policy number, premium amount payable, date of birth, and then verify the captcha given. Click on 'Submit'. You will be able to retrieve your user ID.
What is LIC benefit amount? ›250 times the monthly premium together with loyalty additions, if any, and return of premiums excluding first year premiums and extra/rider premium, if any, is payable in lump sum on death of the life assured during the term of the policy.
What is the benefit of insurance to the customer? ›Insurance plans will help you pay for medical emergencies, hospitalisation, contraction of any illnesses and treatment, and medical care required in the future. The financial loss to the family due to the unfortunate death of the sole earner can be covered by insurance plans.
Which is best LIC term plan? ›| LIC best plan | Type of plan | Tenure of the policy |
|---|---|---|
| LIC Tech Term Plan | Term insurance plan | 10 to 40 years |
| LIC New Jeevan Anand | Endowment plan | 15 to 35 years |
| LIC Jeevan Amar | Term insurance plan | 10 to 40 years |
| LIC Jeevan Umang | Whole life plus Endowment plan | 100 years minus the entry age |
- Provides Protection. Insurance coverage does reduce the impact of loss that one bears in perilous situations. ...
- Provides Certainty. Insurance coverage provides a feeling of assurance to the policyholders. ...
- Risk Sharing. ...
- Value of Risk. ...
- Capital Generation. ...
- Economic Growth. ...
- Saving Habits.
What are the three benefits of life insurance? ›
But with a larger coverage amount, your family can realize far more benefits, such as: Income replacement for years of lost salary. Paying off your home mortgage. Paying off other debts, such as car loans, credit cards, and student loans.
What is the main benefit of life insurance? ›Life Insurance not only provides for financial support in the event of untimely death but also acts as a long term investment. You can meet your goals, be it your children's education, their marriage, building your dream home or planning a relaxed retired life, according to your life stage and risk appetite.
In which month is bonus declared in LIC? ›LIC, India's largest insurance company, announced various types of bonuses. These bonuses are declared on 1st September every year.
What is maturity benefit amount in LIC? ›Maturity benefit is essentially the Sum Assured payable along with accumulated guaranteed additions, terminal bonus, and vested simple reversionary bonus (if applicable). If the policyholder of a certain policy outlives his/her policy term, he/she will be entitled to certain benefits from the insurer.
How we can calculate LIC maturity amount? ›LIC Jeevan Anand Maturity Calculator
Then this term insurance is from 5 Lakhs to 1 Crore as well. The only difference is propose SUM(A) and bonus (B). Other than those the formula is the same as the total sum at the end, i.e, the LIC Jeevan Anand maturity = Total sum assured (A) + Total bonus on maturity (B).
- Health Insurance.
- Motor Insurance.
- Home Insurance.
- Fire Insurance.
- Travel Insurance.
If you are an LIC policyholder, here is how you can apply for the IPO. Step 1: Log into your net banking account. Step 4: Choose the LIC IPO option to invest, enter the number of shares and the bid price. Step 5: Click the “Submit or Apply now” option to place your order.
How do I log into my LIC agents portal? ›Visit www.licindia.in, 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.
Is customer ID and user ID same? ›The first page of your cheque book has the customer ID printed on it. This is same as the user ID.
Is user ID same as account number? ›Your User ID is either your account number or something that you created comprised of letters and numbers (e.g., JaneSmith123) when you enrolled. If you forget your User ID, you can recover it at any time by accessing the Forgot User ID link. What is my User ID for Online Banking?
What is user ID or password? ›
User ID and password systems are among the oldest forms of digital authentication. These types of authentication systems, which simply prompt a user to enter his or her ID and password to gain system access, are easy to implement and use, but they also carry some huge security risks.
Which LIC policy is best for good returns? ›| LIC Plans | Type of Plan | Policy Term (in years) |
|---|---|---|
| LIC New Children's money-back Plan | Traditional money-back Child Plan | 25 years - Age at Entry |
| LIC New Jeevan Anand | Endowment Plan | 15 - 35 |
| LIC Jeevan Umang | Whole Life + Endowment Plan | 100 - Age at Entr |
| LIC Jeevan Labh | Endowment Plan | 16/21/25 |
If your policy term is 10 years, then the value in the balance column when the year column shows 10, will be your maturity benefit. If you subtract the sum of all premiums from maturity benefit amount, you will get your net returns.
Is LIC bonus tax free? ›The entire amount that you will receive as a maturity benefit from a LIC life insurance policy is tax-free. This includes the total bonus amount as well. This LIC tax benefit is applicable under Section 10(10D) of the Income Tax Act of 1969.
What are 2 benefits of insurance? ›The obvious and most important benefit of insurance is the payment of losses. An insurance policy is a contract used to indemnify individuals and organizations for covered losses. The second benefit of insurance is managing cash flow uncertainty. Insurance provides payment for covered losses when they occur.
What are the 3 main types of insurance? ›Then we examine in greater detail the three most important types of insurance: property, liability, and life.
What are the 5 main types of insurance? ›Home or property insurance, life insurance, disability insurance, health insurance, and automobile insurance are five types that everyone should have.
Why is LIC not a good option? ›The rate of return is significantly lower than most market-linked investment instruments. The amount that one receives on maturity is lower than what is possible under PPFs and FDs. This makes the latter options a better savings avenue. The low rate of return from LIC does not ensure protection against inflation.
Which is better Jeevan Umang or Jeevan Anand? ›LIC Jeevan Umang is also a participating policy but unlike Jeevan Anand, it is a whole-life assurance plan with coverage till the age of 100. The plan provides annual survival benefits after the completion of premium payment tenure.
Why is LIC premium so high? ›The higher commission is because LIC primarily relies on its agency force to distribute policies, whereas many private companies have a large part of their distribution through banks. In bancassurance, or bank-led distribution, a big chunk of the distribution costs is bunched with operating expenses.
Can I have 2 life insurance policies? ›
Common questions about multiple life insurance policies
While you can buy multiple life insurance policies, the total number you can have often depends on the coverage amount. Many life insurance companies will deny additional applications if they believe you're overinsured.
There are two primary categories of life insurance: term and permanent. Term life insurance lasts for a set timeframe (usually 10 to 30 years), making it a more affordable option, while permanent life insurance lasts your entire lifetime.
What are the 2 basic types of life insurance? ›There are many types of life insurance policies that can help protect your family, and they all fall into two main categories: term and permanent. With a term life policy, you get coverage for a defined length of time (say, 10 years).
How to use your life insurance money? ›- Surrender Your Policy for its Cash Value. ...
- Sell Your Life Insurance Policy for Cash. ...
- Withdraw Your Cash Value of a Whole Life Insurance Policy. ...
- Borrow Against the Cash Value on Whole Insurance. ...
- Borrow Against Your Death Benefit. ...
- Receive an Accelerated Death Benefit.
As we age, we're at increased risk of developing underlying health conditions, which can result in higher mortality rates and higher life insurance rates. You'll typically pay less for term life insurance at age 20 than if you wait until age 40. Waiting until age 60 usually means an even bigger increase in price.
How do you use your life insurance? ›- Cover regular household expenses.
- Pay off a mortgage or other loans.
- Fund children's education.
- Keep a family business going.
- Pay for the funeral and other final expenses.
Maximum Bonus- It is important to note that the Act stipulates an upper limit of 20% of the salary or wage earned by the employee during an accounting year for the payment of maximum bonus.
Which bonus is calculated? ›Calculation for Bonus Payable
The bonus will be calculated as follows: If salary is equal to or less than Rs. 7,000, then the bonus will be calculated on the actual amount by using the formula: Bonus= Salary x 8.33 / 100. If salary is more than Rs.
Based on what is stated in terms of the LIC agreement, the accumulated bonus can be redeemed. Since the surrender of a policy is similar to breaking a contract, the policy owner will only receive a certain amount of the money he/she paid in premiums.
Does LIC give bonus every year? ›LIC usually declares bonuses every year (subject to surplus), making its policyholders happy. If you have a participating LIC policy, use the LIC bonus calculator to calculate your bonus.
What is the amount of LIC pension? ›
| Parameters | Details |
|---|---|
| Pension (Minimum) | Monthly - Rs. 1,000 Quarterly - Rs. 3,000 Half-Yearly - Rs. 6,000 Yearly - Rs. 12,000 |
| Pension (Maximum) | Monthly - Rs. 9,500 Quarterly - Rs. 27,750 Half-Yearly - Rs. 55,500 Yearly - Rs. 1,11,000 |
The sum assured refers to the amount guaranteed by an insurance policy whereas maturity value refers to the amount paid by an insurance company to the policy holder on maturity of the said policy.
How much money will I get if I surrender my LIC policy after 5 years? ›A 100% special surrender value is given out if the policyholder has regularly paid the premiums for five years.
Can I withdraw money from LIC before maturity? ›Under the guaranteed surrender value, the policyholder can surrender their policy only after the completion of 3 years. This means that the premium has to be paid for a minimum period of 3 years. If you surrender after 3 years, the surrender value will be around 30% of the premiums paid till date.
Can I pay LIC premium after 5 years? ›If the policyholder has paid premiums for atleast 5 full years and subsequently discontinued paying premiums and in the event of death of the life assured within 12 months from the due date of first unpaid premium, the policy money will be paid in full after deducting the unpaid premiums, with interest upto date of the ...
How can I get LIC merchant portal? ›Visit the official website of the Life Insurance Corporation of India. Click on the link “Merchant Portal” you will see under the menu tab “Online Services”. Input your user ID and the correct password. Enter the new password and then confirm password.
Does customer can purchase LIC online from LIC portal? ›Yes, it is possible. What are the benefits of paying your LIC premiums through this option?
How can I access my lic Ananda portal? ›Where to get LIC Ananda app link? You have to go to the main website of LIC of India ,As you visit Home page you will find ANANDA link in the left side of web page. As you click on ANANDA link ,it will redirect to another page. Agent/CLIA with OTP (New Option has come.)
How can I check my LIC policy maturity amount online? ›In order to check the value online, one can visit the official website of LIC and fill in the required details. One can calculate the surrender value by using the formula mentioned below: Basic Sum Assured (Number of Premiums Paid) + Total Bonus Received x Surrender Value Factor.
What is the minimum target for LIC agent? ›What is the minimum business criterion for existing LIC Agents? It is minimum 12 policies and 1.50 Lakhs annual new policy premium collection.
How is LIC commission calculated? ›
LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.
How can I register PAN in LIC portal? ›- Keep your PAN card handy along with the list of policies.
- Mobile Number is to be entered. An OTP will be sent by LIC to the Mobile number entered.
- After submitting the form, a message will be shown on the success of the registration request.
- Proceed Check policy PAN status.
- *
- Consider Your Life Stage and Dependents. ...
- Assess Current Lifestyle. ...
- Analyze Your Income. ...
- Analyze Your Income. ...
- Look at the Existing Liabilities. ...
- Add Riders to the Plan. ...
- Check Claim Settlement Ratio of the Insurer.
The policyholder is required to send the discharge form along with the required documents to process the LIC maturity claim. These documents are required to be submitted before 7 days of the maturity date to the insurance company to ease the process of LIC maturity claim or settlement process.
What is Ananda app? ›Life Insurance Corporation of India has launched a digital application for agents for onboarding to get a life insurance policy. The Digital Application is called “ANANDA”, which is an acronym for Atma Nirbhar Agents NewBusiness Digital Application.
How can I download LIC portal receipt? ›How can I download my LIC premium receipt online? In case you have misplaced your LIC premium receipt, you can log on to the LIC online customer portal with your user credentials and download it by selecting the policy number under the 'LIC premium paid certificate' service feature.
How to calculate LIC premium without tax? ›- Step 1: Visit www.licindia.in.
- Step 2: click on the Premium Calculator tab.
- Step 3: Enter the required basic details, that is, ...
- Step 4: Click on the quick quote button.
- Step 5: Choose your preferable plan from the mentioned plans on the page.
- Step 6: Then click on the coverage button.
So suppose the policy has a sum assured of Rupees 10,00,000. So, (45/100) x (10,00,000) = Rupees 45,000 will be the bonus for that year. All the bonuses for the years up to maturity will be added together at maturity to determine the simple reversionary portion of the maturity returns.
How is insurance maturity amount calculated? ›Generally, the maturity amount meaning refers to the sum of the premiums paid upto that time and the additional benefits which the insurance company chooses to give to the policyholder. You will only be eligible for this if you have paid all of your premiums and finished the term.