Questions

How can I open LIC premium points?

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How can I open LIC premium points?

  1. Go to www.licindia.in.
  2. Click on Pay premium online.
  3. Click on Pay Direct( without login)
  4. Click on “View transaction status” link.
  5. Put your policy number, transaction date and type of payment (renewal prem. / adv. Prem. / loan)
  6. Download the receipt by clicking on it.

How can I start my LIC business?

Sell LIC insurance policies

  1. You have to register for an agency with LIC directly under a DO (development officer)
  2. Attend a classroom training for 25 hours at a LIC training institute.
  3. There would be an exam conducted by the Insurance Regulatory and Development Authority (IRDA)

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.

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How can I get a receipt for my LIC premium payment?

Upon receiving premium payment, the authorized collection centre will issue a signed receipt which fully valid. For such payments, no separate receipt will be issued by LIC. Customers can find the collection centre around them on the LIC website.

What to do if your LIC policy has lapsed?

If you miss it, your only option is to revive the policy. The revival of lapsed LIC policy arises when the insured is unable to make the payment of premiums on-time or within the grace period. During the same, the policyholders are not able to avail the benefits of the life insurance policy.

Is there any service charge for LIC Life insurance premium payment?

The facility of making premium payments for LIC policies to authorized agents is offered free of charge. There is no service charge of fee levied for usage of this service. Why To Opt For LIC Life Insurance Plans?

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How to close LIC policy if minimum required premium amount has been paid?

To close a policy contact the servicing branch Originally Answered: What is the procedure to close LIC policy if minimum required premium amount has been paid? Just go to your policy issuing branch with original bond and an application giving valid reason of surrender and copy of pass book or cancelled cheque thats it !