Life Insurance Corporation Benefits, LIC policy details
The Life Insurance Corporation of India (also known as LIC) is a government-sponsored insurance company. Since 1956, LIC has provided reliable life insurance services. Life Insurance Corporation is one of India's largest life insurance providers, offering a variety of insurance plans including Term Insurance, Whole Life, Endowment, and Money Back. LIC anticipates your insurance needs and provides you with a plan that meets them.
LIC creates insurance plans to meet the needs of each individual and promises to provide coverage at a low cost.
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Benefits of Life Insurance Corporation of India
Life Insurance Corporation offers the following benefits to its customers;
- Variety of Products: Life Insurance Corporation provides a wide range of Term Insurance, Endowment, Money Back and Whole Life Plans. The plans offered by Life Insurance Corporation can be chosen according to your requirements and budget. LIC is the most trusted insurance provider and it strives to fulfil every insurance need of a person at an affordable amount.
- High Claim Settlement Ratio: Life Insurance Corporation has featured a claim settlement ratio of 96.69% in the FY 2019-20. High Claim Settlement Ratio reflects the credibility of insurance companies. The Claim Settlement Ratio depicts the number of claims that were paid successfully in a year. When you choose an insurance provider with a high claim settlement ratio, you can rely on the insurance provider to approve the claim fairly in desperate times.
- Award-Winning Services: Life Insurance Corporation has received many awards. LIC has been rated as ‘Most Trusted Service Brand Of India’ by The Economic Times Brand Equity Service in 2012. LIC has continuously been receiving the ‘Reader’s Digest Trusted Brand’ award since 2006. Life Insurance Corporation has been voted ‘India’s Most Trusted Brand’ for four continuous years from 2011-2014. LIC is a trusted life insurance provider in India.
- Excellent Customer Support: Life Insurance Corporation is one of the largest and oldest life insurance providers of affordable policies and plans The company values its customers and provides excellent customer services. Their customer care toll-free number is accessible 24x7. This helps the customer to stay connected with the insurance provider at all times.
- Simplified Purchasing Process: Purchasing and applying for a LIC life insurance plan is very easy. You can visit the LIC branch office for a consultation or purchasing a life insurance plan. You can also get information about the life insurance plan you want to purchase via SMS. Online customer services are simplified to make it easier for existing and potential customers.
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LIC Policy Stutus Details
Life Insurance Registration
Guidelines
This site has been designed for giving a variety of general and policy information to our policyholders. For viewing the policy related information, new customers are required to go through a Registration procedure, the details of which are stated in the ensuing paragraph.
Life Insurance Login
Login facility is provided on the Home Page for the use of registered users.
Life Insurance Corporation Registration
All new users are required to complete the Registration Form online selecting username and password of their choice.
- The username can be alpha, numeric, with characters dot and underscore.
- The password must be in between 8 to 30 characters.
- The information marked with (*) are mandatory fields and cannot be left blank.
- The pin-code cannot be more than 6-digits.
- The e-mail id entered should be a valid one for further correspondence.
- The user-id chosen should be unique.
- Password should be unique and be kept confidential.
An auto-responder mail would be sent to the policy holder as confirmation of successful registration.
Enrol Policy
If you have clicked "yes" for the question "Do you have any LIC policies?" you will be presented with an online policy enrolment form after you click the submit button for completion of Registration.
In the said form you are required to enter the policy number, premium and name of Life Assured (If different from that of the Proposer as in case of Childrens' plans) for each of your policies.
You will be able to print the form (displayed in pdf format) immediately after enrolling your policies or at any other convenient time by logging in to your account.
If you would like to key in your policy number at a later time and not immediately after the completion of Registration, then you can do so any time and any number of times by logging on to your account.
The Branch will complete the validation of all your policies after carrying out necessary checks with the policy docket.
The process of enrolment is necessary to facilitate authorized access to certain functionalities offered online such as request for change of address.
This page would be accessible only after successful registration. After registration, the policy holder can provide the policy number and the premium amount. A reply mail would be sent to the policy holder. If there are any errors found in the policy details a reminder mail would be sent to change the details. If the policy information mentioned is error free the status information about the policy would be displayed. If the policy number is not corrected, the policy number would be deleted on the 5th day and a reminder mail sent to them.
- The policy number should be between 6 to 9 numbers only.
Status
On successful registration, the customer will have access to information regarding status of policy/s, loan, revival, premium due/ policy calendar, maturity calendar etc.
Feedback Form
Policyholders may use the ‘Feedback’ link to send their queries and valuable suggestions / comments.
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