How can I check my LIC bonus online?
Asked by: Ms. Janie Stracke | Last update: February 11, 2022Score: 4.8/5 (59 votes)
- Visit the official website of LIC and login into the LIC portal account. ...
- After logging in to your account, select the tab 'Basic Service'. ...
- A new page or window will open and the policy list and option are displayed on the left panel of the page.
How can I check my LIC policy bonus?
If your LIC policy has lapsed, one need to send SMS in the format 'ASKLIC REVIVAL' at 56677. To know about the LIC policy bonus, the LIC policyholder needs to send the SMS in the format 'ASKLIC BONUS' on the same number.
What is the current bonus rate of LIC?
The bonus rate declared by LIC on its endowment plan - Table 14 (LIC denotes each plan with a table number) over the last few years has been Rs 42 for every Rs 1,000 of the sum assured. This is for the policies with a tenure of 16-20 years. On policies with longer maturities, it is Rs 48.
Which month is declared bonus in LIC?
LIC declares bonus in which month? Ans: 1st September is the founding Day of LIC and in connection with this LIC celebrates first week of september as Insurance Week and LIC usually declares bonus in the first week of September.
Can I withdraw bonus guaranteed addition in LIC?
Though insurers may declare a simple reversionary bonus or guaranteed additions every year, these sums will add to your Sum Assured and will be eventually paid to you only at maturity. If you surrender the policy midway, you may not receive them.
How To Check LIC Policy Bonus Online
How is final LIC additional bonus calculated?
Bonus rates thus declared shall be applicable for Rs. 1000 Sum Assured of the respective plan for that particular year. For example, The bonus rate of New Endowment (Plan – 914) for the 21-year term is Rs. 45 per 1000 Sum Assured.
What is bonus in LIC Jeevan Anand?
This is a bonus which is paid at the time of maturity or death. It is a reward for continuing with the policy for a certain number of years. It is a one-time bonus which you get at the end of the policy.
What is vested bonus in LIC?
It is onetime bonus associated with year of maturity or death provided that policy has completed 15 year at time of death or maturity. In case of maturity or death claim under endowment plans, total vested bonus is sum of simple reversionary bonus + Final Addition Bonus.
How bonus is calculated in LIC Jeevan Anand?
Simple Reversionary Bonus declared every year = Rs. 45 per 1000 Sum Assured. That means a bonus of 45 x (5,00,000/1,000) = Rs. 22,500 every year.
How can I check my LIC maturity amount?
Step 1:The insured needs to visit the official website of LIC. Step 2:On the home page, the user can select the option of "New User." Step 3:In the next step, he can fill up his personal details such as name, date of birth, policy number, mobile number, email address, etc.
Can I withdraw my LIC policy?
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.
How can I know my LIC policy no?
Contact Home Branch
While visiting the LIC branch, make sure to bring your PAN card and other ID cards. LIC officials validate the details of the policyholder. Once the verification has been completed, the LIC staff provides you the policy number.
What happens if I stop paying LIC premium after 3 years?
So if you have already paid 3 years' premium, not paying any future premiums will convert the policy into a paid-up policy. You won't get any money back in the year you turn it into a paid-up policy but will have to wait till the policy's original maturity.
How can I redeem my LIC policy online?
- 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.
Can I withdraw my LIC policy Jeevan Anand?
The policy can be surrendered anytime provided two full years' premiums have been paid. On surrendering after two policy years, the insurance company will pay a guaranteed surrender value of minimum 30% of all premiums paid after deducting the first year's premium.
What is the maturity amount of LIC Jeevan Anand plan 149?
Total premium paid is Rs. 10,30,150. The maturity benefit* of the plan as per the current bonus rate is Rs. 26,35,000.
Can I get LIC premium receipt online?
Visit the LIC website (www.licindia.in) and click on 'LIC's e-Services' under the option which says 'Online Services'. ... The receipt can then be downloaded in PDF form, and you can also print the receipt for your convenience and it can work as receipt duplicate in case you don't have access to your LIC account.
Is LIC better than FD?
Fixed deposit is always a better option to invest as it is purely designed for your investment and savings related needs. ... Fixed deposits are best for both short- and medium-term investments whereas life insurance plans are designed for long term investments.
Which is the lowest premium LIC policy?
The minimum installment premium will be Rs 3,000 under regular and limited premium options, while under single premium option, the minimum installment premium will be Rs 30,000.