LIC Policy Status Check Online Without Registration @ licindia.in

LIC (Life Insurance Corporation of India) is an Indian insurance company. It is famous for providing various services and policies to the customer. The LIC India Company was established in the year 1956. LIC India has the largest market share among other insurance companies in India. The company has gained the trust of customers and has a huge customer base.

LIC Policy Status

It offers different types of life insurance plans to its customer. Customers can choose a policy as per their needs. There are various policies like Term insurance plans, Whole life insurance, Child plans, Health insurance plans, etc. Customers can choose any plan it totally depends on them.

Customers have to fill the form for their chosen insurance plan and it with the required documents. LIC issues your insurance form. After this, you can check your policy status. Every customer has a necessity to check their policy status and LIC offers a different method to check it. Customer can check their policy details like their bonus, surrender value, etc.

LIC Policy Status

Methods To LIC Policy Status Check

LIC offers some method by which you can check your LIC policy status Online without reaching your LIC branch. Now customers can buy any policy and check their status from the comfort of their home. To check status policy customer can choose any of the following methods:

  • Online
  • SMS system
  • Calling customer care

How to check policy status without registration

Customer can check their policy status without registering in the online portal. It is the easiest and simple way to check status. LIC provides customers with an SMS number which helps them to see their status easily. LIC customer can confirm their details by sending SMS to 56767877. Also, customer can check their status and other details from the same number.

Check LIC policy Payment status online for new user

LIC India has provided an online portal that lets the new customer register for LIC policy. By registering customers will be able to check their status online. Customers have to fill an online form and provide document proofs to the portal.  Follow the below steps to register and check the status online.

  1. Visit LIC India’s website – licindia.in and choose ‘Customer Portal’ and it redirects you to a new page.
  2. On the new page, you have to choose ‘New User’ to register yourself. After choosing that, a new page will appear where you need to enter your details.
  3. LIC policy number, date of birth, mobile number, premium amount, registered mobile number, etc are asked
  4. After entering the details, click on the “proceed” button. Next, you have to create a user id and password and click on the submit button.
  5. You will receive a verification email that you have completed the process. Click on the verification link you have got to create your account.
  6. Now you can log in to your account using user id and password. Check your LIC policy status and other details.

The process to enroll LIC policy

  1. Go to the official website of LIC policy
  2. You will see a request “do you have any LIC policy” click on the “yes” tab.
  3. The page will direct you to the online LIC policy enrollment form
  4. Enter all the details like LIC policy number, the name of the insured, premium amount, etc.
  5. After filling in all the details, submit the form to your LIC branch. The LIC will provide you a letter of acknowledgment on your user id.
  6. The company will check and verify all the details and documents you have provided for enrollment.
  7. After verification, LIC Company will enroll your LIC policy online.

How to enroll in LIC policy online for registered users

Customer who has already registered and has their user id and password can now enroll LIC policy easily. Follow the below steps to enroll if you have registered already.

  1. Visit the official website of LIC India and select ‘Customer Portal’
  2. Now you have to select “registered user” and then enter your user id and password.
  3. After login, you will find different options. If you want to check your status click on the “policy status” button
  4. Next, if you want to Enroll. Select ‘Do you have LIC policies’ then chose ‘Yes’
  5. You will see an online enrolment form.
  6. Enter all the details in the form, take the print out, and add your signature.
  7. Next, you have to submit the form to your LIC branch.
  8. The company will verify the details and documents of the enrolment form. And the company will enroll in your LIC policy online. For more updates check Timesalert.

How to check surrender value

Surrender value is the amount that customers get while surrendering the policy before completing the policy term. Customers can now check the value of surrender of their traditional LIC policy online. There is a certain formula to calculate the surrender value. Use the following formula to calculate:

Surrender value = [{the Sum Assured * (number of premiums paid / total number of premiums payable)} + total bonuses] * Surrender Value Factor

Is checking LIC policy status necessary?

Customers should check the status timely as it gives various information and details. Following are some reason for checking policy status timely:

  • Customers can search for the premium due date.
  • The customer can get the remaining duration of time.
  • Renew the lapsed policy
  • Customers can check the additional bonuses received.
  • Customers can go for any service requests if they need

Also, now LIC Company has launched a policy status application for customers. With this app, customers can easily check their status from time to time. The app is already available in the play store.

Conclusion

Life insurance corporation of India LIC is an Indian company of insurance. LIC offers customers to check their status without moving to the LIC office, from the comfort of their home. Customers can use different methods to check status. Customers can check the status through SMS, via an online portal, and online application.

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