Life Insurance Corporation of India (LIC) is one of the largest and most well-known life insurance companies in India.LIC was founded on September 1, 1956, under the Life Insurance Corporation Act by the Government of India. Before this, India had a fragmented life insurance industry, with numerous private companies.
Products and Services
LIC offers a variety of life insurance products tailored to different needs. These include:
- Term Insurance: Pure life cover with no investment component.
- Endowment Plans: Combination of insurance cover and investment component.
- Money Back Plans: Life cover with periodic payouts.
- Pension Plans: Plans that provide income after retirement.
- Unit Linked Insurance Plans (ULIPs): Insurance with a market-linked investment component.
- Health Insurance: Critical illness and health cover plans.
- Micro Insurance: Plans for rural and underserved sections of society.
To check the status of your LIC policy
a) LIC Customer Portal
You can check your LIC policy status by logging into the official LIC portal. Here’s how:
- Visit the Official LIC Website: LIC India
- Sign In to Your Account:
- If you don’t have an account, you’ll need to register by clicking on “Customer Portal” and then “New User”. You’ll need your policy number and other personal details to complete registration.
- If you already have an account, click on “Sign in” and enter your username and password.
- Once logged in, you can view your policy status, premium due dates, and other details of your policy.
b) LIC Mobile App
You can use the official LIC mobile app to check your policy status easily:
- Download the LIC App:
- Available for both Android and iOS (search for “LIC India” in your app store).
- Log in to the App:
- Register if you haven’t already. You’ll need to provide your policy number, PAN, email address, etc.
- Once you’re logged in, you can access your policy details like the status, premium due dates, and more.
c) LIC e-Services
If you prefer to do it directly through the LIC e-services portal:
- Visit the LIC e-Services Page: LIC e-Services
- Click on “Login” and provide your details.
- From here, you can check the status of your policy.
d ) Offline (Branch Visit)
You can also visit the nearest LIC branch and ask for your policy status directly from the branch representative. Make sure to carry your policy documents and proof of identity.
Conclusion : a LIC policy is a reliable and trusted financial tool for securing your life and future, given its long-standing presence in the Indian insurance industry. insurance plays a crucial role in personal and financial security, offering protection against unexpected risks and events.
Frequent Asked Question (FAQ)
LIC is a public-sector life insurance company in India that provides a wide range of life insurance products to help individuals secure their financial future and protect their families.
Online: Log into the LIC customer portal and make changes.
Yes, you can surrender your LIC policy if you no longer wish to continue with it. However, the surrender value will depend on the type of policy, premium payments made, and the duration of the policy. There may be penalties if the policy is surrendered before a certain period.
