How can I check my LIC policy maturity date?
Asked by: Prof. Drake Medhurst IV | Last update: February 11, 2022Score: 4.9/5 (40 votes)
You can track your LIC policy by visiting the LIC branch to get details about your policies or visit the LIC website and login to check the details. Visit www.licindia.in and click on the “Customer Portal” option in the “Online Services” tab on the home page.
How can I know my LIC policy maturity date?
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 check my LIC policy details online?
You can check details of your LIC policy including details of the LIC premium payment online, accrued bonuses, group schemes, etc. by simply logging on to the official website of LIC India with your LIC login credentials.
How is LIC maturity amount calculated?
How is Maturity Calculated? The exact Maturity Value cannot be calculated but one can calculate a close estimate of the value to get an idea of the benefit at the end of the term. The basic format is Sum Assured + Bonuses + Final Additional Bonus (if declared).
How can I check my LIC policy status?
- Visit the official website of LIC.
- Register as a new user and if you are already registered then click 'login here'
- Login to the LIC portal and select 'Enrol Policies' displayed on the left side of the page.
- Click on 'Click to Enrol New Policies' and hit on 'Proceed'
How to check maturity date of LIC policy online?
How can I see my LIC policy details?
- 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.
How can I check my LIC policy without registration?
The Life Insurance Corporation of India provides an SMS number. It can be used to verify the status of a policy without having to register. You need to SMS ASKLIC<policy number>STAT to 56767877 from your registered phone number. Certain official and government procedures require proof of an individual's existence.
How can I claim my LIC policy online maturity?
- 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.
How can I know my lic policy status through SMS?
- Open your mobile to send SMS.
- Click on compose SMS.
- Type ASKLIC XXXXXXXX STAT.
- Send to 9222492224 or 56767877.
- Immediately you will get the live status of LIC policy through a reply short message or an error message if your mobile number not registered.
Is LIC maturity amount taxable?
The maturity proceeds of a life insurance policy enjoy exemption under section 10(10d) of income tax act provided the premium paid in respect of the life insurance policy does not exceed 10% of the sum assured for any year during the premium paying term for the policies issued after 01-04-2012.
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 can I claim maturity amount if LIC policy is lost?
- Loss of Policy questionnaire (Form No. ...
- Indemnity Letter in Form No. ...
- Discharge Form,
- Form of Declaration of 'No Assignment',
- A declaration by Surety having sound financial status, acceptable to LIC in appropriate Form, if the claim amount exceeds Rs.
Can I claim LIC policy before maturity?
When you opt-out of a policy before its maturity, then it is called surrendering of the policy and the amount that you receive at the time, is LIC policy surrender value. ... However, surrender of policy is not recommended since the LIC surrender value will always be subsequently low.
What is the due date of LIC premium?
When To Pay The Premiums
LIC usually sends premium notices one month in advance to the due month of the premium. The due months of the premium are given in front page of the Policy bond. The grace period for policies where the premium payment mode is monthly is 15 days from the due date.
How can I download LIC policy?
- Open licindia.in > Hover to Online Services.
- Click Registered User > Enter Login User ID > Password > Date of Birth > Click Sign In.
- Select Individual Policy Details.
- Open Basic Services.
- Click Policy Status.
- Check the status of All / Self / Spouse or Child Policies.
What happens if I stop paying LIC premium after 1 year?
For single premium policies, the surrender value gets acquired after the first year itself. In case you haven't paid even 2 or 3 years' premium (as per the case above) and want to discontinue, the insurer will not pay you back anything and will not convert it into a paid-up policy either. The money is all but lost.
Can I surrender LIC policy after 2 years?
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 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 surrender LIC policy after maturity?
- Policy bond - the original copy.
- Printout of LIC policy surrender form No. ...
- A cancelled cheque from the policyholder's bank.
- Policyholder will be required to utilise the LIC NEFT form, if above-mentioned form No. ...
- Proof of identification like Aadhaar card needs to be carried along.
How can I fill my LIC form No 3815?
- Select the document you want to sign and click Upload.
- Choose My Signature.
- Create your eSignature and click Ok.
- Press Done.
How can I see my LIC policy online?
- Once you are on the page, you will be asked to enter your account username and password. ...
- Once you are on the homepage of your online LIC account, hover to the menu placed on the left side of the home page.
Can we pay LIC premium before due date?
Premium can be paid 30 days before the due date to till the policy is in force.
Is Jeevan Anand maturity amount taxable?
The LIC Jeevan Anand is a traditional participating whole life endowment policy plan. ... The LIC New Jeevan Anand Plan offers tax exemption on the amount of premium paid under Section 80C and the claim amounts i.e. Death or Maturity Benefit under Section 10(10D) of the Income Tax Act, 1961.
Is LIC removed from 80C?
No, the new tax regime does not allow Section 80C deductions on the premiums paid towards a life insurance policy. You would, therefore, not be able to claim the deduction under the new tax regime.
What is sum assured in LIC?
What is the meaning of sum assured? A sum assured is a fixed amount that is paid to the nominee of the plan in the unfortunate event of the policyholder's demise. The insurance company pays this money as per the sum chosen by you at the time of purchasing the policy.