Life Insurance Corporation of India (LIC) is the nation's leading insurance provider. Policyholders can access a wealth of information about their coverage through a document called a policy statement.

This document offers a snapshot of your policy's vital details, including premiums paid, bonuses accrued (if applicable), and coverage details. Having easy access to this information is crucial for managing your insurance plan effectively.

How can I download my Life Insurance Corporation of India (LIC) policy statement

LIC policyholders can conveniently download their policy statements online through the LIC customer portal. Here's a quick guide:

1. Visit the LIC Customer Portal: Navigate to the LIC website and click on the "Customer Portal" section.
2. Register or Login: If you're a new user, you'll need to register for an account using your policy details. Existing users can simply log in with their credentials.
3. Access Policy Tools: Once logged in, locate the "Policy Tools" section within the portal.
4. Select Premium Paid Statement: Under "Policy Tools," you should find an option for "Premium Paid Statement" or something similar.
5. Provide Policy Details: The portal will prompt you to enter your policy number or other relevant details to identify the specific policy for which you require the statement.
6. Generate Statement: Once you've entered the details, click on "Generate Statement" to view the document on your screen.
7. Download and Print: The statement will typically be available in PDF format. You can download it to your computer for future reference or print a physical copy for your records.

This statement includes details such as your policy number, term, premium amount, fund value (for ULIPs), and other pertinent information regarding your insurance policy.

How can I get my Life Insurance Corporation of India (LIC)Policy statement without registration?

While online access offers the most convenience, LIC policyholders currently have the option to request their policy statements through physical channels. You can visit your nearest LIC branch and inquire about obtaining a physical copy. However, it’s important to note that LIC is actively encouraging online registration for a more streamlined experience. In the future, online access might become the primary method for retrieving policy information.

Note: In case you are facing any issues related to the LIC of India policy statement download, please connect with LIC customer care contact number support 24*7.

Steps to pay Life Insurance Corporation of India (LIC) policy premium on Bajaj Finserv

Making your Life Insurance Corporation of India premium payment is now easier than ever, thanks to the integration with the Bajaj Finserv BBPS Platform. Follow these steps to make your payment:

• Visit the Bajaj Finserv BBPS platform and navigate to the bill payments section.
• Select "Life Insurance" as the biller category.
• Choose LIC from the insurance provider options.
• Enter your LIC policy number and other required details.
• Choose your preferred payment method (debit card, credit card, net banking, etc.).
• Follow the on-screen instructions to complete the payment process.

Depending on the transaction amount and payment mode, a convenience fee of up to 2%, inclusive of applicable taxes, may be charged. This fee facilitates the secure and smooth processing of your online transaction.

Simplify your life insurance premium payments with Bajaj Pay, the BBPS platform, brought to you by Bajaj Finserv. Enjoy the ease of paying your premiums through a single platform, ensuring convenience, security, and peace of mind.

Benefits of downloading LIC policy statement

There are several benefits of downloading your LIC policy statement. Some of the most prominent ones are:

• To track premium payments: By downloading your policy statement, you can easily monitor your premium payments. It provides a detailed record of all the premiums paid, due dates, and any pending payments.
• To get a loan against your LIC policy: Need funds urgently? Your LIC policy statement serves as proof of your policy’s existence and can be used to avail a loan against your policy.
• To settle claims: The policy statement contains essential details like policy number, sum assured, and premium history, which are crucial for claim settlement.
• To claim income tax benefits: LIC premiums are eligible for tax benefits under Section 80C of the Income Tax Act. When you download your policy statement, you have the necessary documentation to claim these tax benefits during the tax filing season.

How to check fund value of LIC Life Insurance policy online?

Checking the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online is a straightforward process.

Follow these steps to access your policy details and fund value:

1. Visit the LIC Website:

• Open your web browser and go to the official LIC website: www.licindia.in.

2. Log in to Your Account:

• If you already have an account, click on the “Customer Portal” link and log in using your User ID and password.
• If you do not have an account, you will need to register first. Click on the “New User” link and follow the registration process by providing your policy details and creating a User ID and password.

3. Navigate to Policy Details:

• Once logged in, go to the “Policy Status” section. Here, you will find a list of all your LIC policies.

4. Select Your Policy:

• Click on the policy number for which you want to check the fund value. This will open the detailed view of your policy.

5. Check Fund Value:

• In the detailed policy view, look for the “Fund Value” or “Unit Statement” section. This section will display the current fund value of your policy, including the number of units allocated and the current NAV (Net Asset Value).

6. Download or Print Statement:

• If you need a physical copy, you can download or print the fund value statement from the same section.

By following these steps, you can easily keep track of the performance of your LIC life insurance policy and make informed decisions about your investments.

Conclusion

Understanding your LIC policy is crucial for informed decisions. By accessing your policy statement online, you can stay up-to-date on your coverage details and ensure you're getting the most out of your LIC plan. With the convenience of online access and multiple payment options, managing your LIC policy is easier than ever.