- How can I get LIC premium receipt without login?
- How long does it take for a policy to lapse?
- How can I recover my lapsed LIC policy?
- What happens if LIC policy lapses?
- How can I check my LIC policy without registration?
- Can we withdraw LIC policy online before maturity?
- Can I get LIC statement online?
- How can I check my LIC policy maturity amount online?
- Can a lapsed insurance policy be reinstated?
- How much money will I get if I surrender my LIC policy?
- What happens if premium is not paid?
- How can I revive my lapsed LIC policy online?
- How can I login my LIC account?
- What is the penalty for late payment of LIC premium?
How can I get LIC premium receipt without login?
There are two ways through which we can get the LIC policy receipt-offline and online.
In case of offline, you have to visit the office.
However, by using the online medium you will get the receipt of the payment instantly to your registered email id..
How long does it take for a policy to lapse?
If you don’t make a payment on a term life insurance policy during the 30- to 90-day grace period, your policy will lapse. That means your policy will no longer be in force. If you have a permanent life insurance policy, you might be able to go longer without making payments.
How can I recover my lapsed LIC policy?
To revive the lapsed policy, all unpaid premium on the policy must be paid along with interest due on the same. A revival penalty may be applicable on the amount to be revived or on the period since the policy lapsed.
What happens if LIC policy lapses?
If your policy has lapsed due to non-payment of premiums within the due date, the terms and conditions of the policy contract are rendered void, till you revive your policy. Always keep your policy in force to ensure that your family gets their financial protection assured by your policy.
How can I check my LIC policy without registration?
Checking LIC policy without registration Users can also check their LIC policy using a simple SMS method. The company offers an SMS number for easy checking process. Avail your LIC details by sending an SM to 56767877. They can check the status through the same number and the following descriptions.
Can we withdraw LIC policy online before maturity?
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.
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 (https://customer.onlinelic.in/LICEPS/Login/begin.do).
How can I check my LIC policy maturity amount online?
The LIC website states that policyholders can send the claim requirements by email. The mail should be sent to claims.bo @licindia.com where the branch code is the servicing branch. For instance, if 883 is the servicing branch, the mail will have to be sent to firstname.lastname@example.org.
Can a lapsed insurance policy be reinstated?
30 Days or Less: The majority of insurance companies allow you to reinstate a lapsed policy without any underwriting or questions. Simply call your insurer, fill out a reinstatement application, catch up on the premiums, and the policy will be reinstated.
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.
What happens if premium is not paid?
If you fail to pay the insurance premium on time, you will no longer have the coverage provided by the policy. This means that if you have not paid the premium until the renewal date and for some reason need medical care, the insurance provider will no longer cover your medical expenses.
How can I revive my lapsed LIC policy online?
The revival of lapsed LIC policy is not an extensive process. Policyholders can quickly revive the policy online by visiting the official website of LIC or visit the nearest branch of the company.
How can I login my LIC account?
a. If already registered on LIC Portal: Click on e-Services, login with your user-id and password. … b. If not registered on LIC Portal: Visit www.licindia.in, click on the tab “new User”, select your own user-id and password and provide all the necessary information.
What is the penalty for late payment of LIC premium?
Late Payment Charge for a LIC PremiumMonths (Delayed)Late Fee for 1 Re per Premium6%7.50%1st Month0.0050.006252nd Month0.010.01253rd Month0.0150.018753 more rows