LIC Policy Status Check: Access All the Policy Details
Life Insurance Corporation of India (LIC of India) is one of the most trusted life insurance companies in the Indian insurance market. With a wide range of beneficial and affordable LIC policies, LIC of India provides a sense of financial security and peace of mind to the customers. According to the needs of the customers, they can buy different types of life insurance plans from LIC, including LIC term plans, LIC pension plans, LIC unit linked plans, LIC health plans, LIC endowment plans, LIC group plans, and many other plans in the saving and investment category.
For an LIC policyholder, it is essential to keep track of the LIC policy status and details to ensure getting the benefits without any interruption. But do you need to visit the LIC branch regularly for LIC policy tracking? Or do you need to call the LIC customer care support department urgently? No. Leaving the traditional LIC status check methods behind, the LIC of India has taken a step ahead and enabled you to check your LIC policy status online and access all the policy details. Now, you will not have to miss important LIC policy dates and suffer consequences.
Why Do We Need to Check LIC Policy Status Regularly?
Let’s find the answer to your question with a suitable example (imaginary).
Last year, Mr Sharma bought an LIC pension policy to secure his retirement days. He needs to pay the premium quarterly. Due to several things running through his mind and daily responsibilities, he missed paying the LIC premium payment even after completing the grace period.
Almost two months later, when he visited the nearest LIC branch, he regretted knowing that he needed to pay extra charges. If he had checked his LIC status online, he would have been saved from all the hassles and additional charges. This could happen to anyone. Later, the LIC assistant told him he could log in to the LIC Customer Portal to check the LIC policy status. By checking the LIC premium due dates, you can avail yourself of several benefits, like
- Important Policy Update: If you track LIC policy status regularly, you can have all the updated information about the LIC premium payment date and status, maturity date, survival benefits, sum assured, and any important updates regarding the policy.
- Avoid Policy Lapse: You stay informed about premium due dates, which will save the policy from lapse and gain benefits associated with the LIC policy.
- Check Nominee Details: LIC policy tracker helps you get nominee details for your LIC policy and ensure they are accurate and updated. This helps the policyholder stay stress-free about the time when their family has to apply for a claim.
- Track Policy Performance: When you check your LIC policy status regularly, you stay informed about LIC policy fund performance, returns, and bonuses earned. LIC track helps assess the investment performance and take the required actions.
- Loan Availability: To check policy status online, help you determine when you can avail of a loan against the surrender value and beat the financial emergencies.
How to Check LIC Policy Status Online
Life Insurance Corporation of India (LIC of India) has launched many online facilities to make transactions easy and convenient for LIC customers and merchants. You can track your LIC policy details online for the premium and related affairs. Here is the guide to help you check LIC policy status online.
LIC Policy Status Check Process For Registered Users
If you are a LIC policyholder and have already registered yourself on the LIC customer portal, you can use LIC login services without any hassle. Follow the given step-by-step instructions to check the LIC policy status for registered users.
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Go to the official website of LIC of India.
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Click on the ‘Login to Customer Portal’.
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Log in with your User ID or get an OTP on your registered mobile number as suitable.
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Once you log in to your LIC customer portal, select the ‘Policy Status’ tab.
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You will see all the active LIC policies on the page. If any of the LIC policies you own are not listed, you can add them using the ‘Enrol Policy’ option under the tool section.
- Click on any of the listed policies, and you will see all the related details, such as policy term, policy number, premium due date, sum assured, etc.
LIC Policy Status Check Process For New Users
The new LIC policyholders can also use the LIC policy tracking facility. They have to begin with registration by following the simple steps to access the LIC policy status:
- Visit the official website of LIC.
- Click on the ‘Login to Customer Portal’ available on the homepage.
- On the LIC Login page, select the ‘Don’t have an account? Sign Up’ option.
- Provide details like policy number, email ID, date of birth, premium amount, etc. to continue the registration process.
- Choose the User ID and password.
- After successful registration, the user gets the verification link on their registered email.
- After clicking on the link, you can verify the LIC policy details.
LIC Policy Status Tracking Without Registration
Does registering yourself on the LIC login portal seem like a big task? Don’t worry; we have another way of LIC policy tracking without registration. Here are the alternative ways to check the LIC policy status without registration.
LIC Policy Status Through SMS
To know the LIC policy details, all you need to do is send an SMS to 56767877 or 9222492224.
| Type of Policy Inquiry | Type SMS Code |
|---|---|
| Know the policy status | ASKLIC<Policy Number>STAT |
| Know the policy instalment premium | ASKLIC<Policy Number>PREMIUM |
| Know about the bonus amount | ASKLIC<Policy Number>BONUS |
| Know about the revival amount | ASKLIC<Policy Number>REVIVAL |
| Check the amount of loan available | ASKLIC<Policy Number>LOAN |
| Check the existing certificate due details | ASKLIC<Policy Number>ECDUE |
| Check the status of nomination details | ASKLIC<Policy Number>NOM |
LIC Pension Policy Status Through SMS
To know the LIC pension policy details, all you need to do is send an SMS to 56767877 or 9222492224.
| Type of Policy Inquiry | Type SMS Code |
|---|---|
| For IPP policy status | ASKLIC<Policy Number>STAT |
| Last annuity release date | ASKLIC<Policy Number>ANNPD |
| Know annual amount | ASKLIC<Policy Number>AMOUNT |
| Check return information | ASKLIC<Policy Number>CHQRET |
| Check the existing certificate | ASKLIC<Policy Number>ECDUE |
LIC Policy Status Check Via Call
Don’t want to type a message or follow the registration process for LIC policy tracking?
| MTNL or BSNL Users | Call 1251 |
| LIC Customer support toll-free number | 1800 419 7852 |
After connecting the call, follow the instructions provided by the automated system, or you can also choose to connect with an LIC customer service representative. You must provide some necessary information like policy number and personal details to inquire about LIC policy status.
LIC Policy Status Check At LIC Branch
For more ease, the LIC policyholders can visit the nearest LIC branch and reach the customer service desk. While going for the LIC policy track, carry your valid policy documents and ID proofs. The customer desk assistant will verify all the details and provide you with the necessary LIC policy status and details.
How to Check LIC Policy Surrender Value?
Suppose, under any circumstances, the LIC policyholder discontinues the policy after certain years. In such cases, the life insurance company LIC of India pays an amount to discontinue the policy. This amount is called the surrender value of the LIC policy. Remember, the surrender value of the LIC policy is only payable when the policyholder pays the full premium for at least 3 years from the intimation of the policy. You can check the surrender value of the policy, which can be calculated by applying the below formula.
Basic Sum Assured (Total number of premiums paid/Total number of premiums payable) + Total bonus received x Surrender Value Factor
Check LIC Policy Status When Policy Documents are Lost
Misplacing LIC policy documents can be stressful for anyone. Are you struggling with the same trouble? Well, we have a solution for you. You can check your LIC policy details by policy number and other key details. To use the LIC policy tracker facilities, reach the nearest LIC branch, call the LIC customer care support, or use the LIC mobile application. You can follow the given methods to check the LIC policy status.
Check with the Loan Provider
If you have taken a loan against your LIC policy, there is a high chance that your loan documents are connected with the LIC policy or the loan provider. Since the loan provider keeps the insurance documents, you can get your policy details.
Duplicate LIC Policy
Unfortunately, nothing worked if you have tried your best to search your LIC documents. You need to reach the LIC branch that services your policy and apply for a duplicate of the LIC policy. You can follow the given steps.
- File a Police Complaint: To get the evidence of your LIC policy loss, you need to file a police complaint.
- Submit an Application: Inform the LIC branch regarding your policy loss and request for policy duplication.
- Provide Policy Documents: You need to provide a copy of the LIC complaint, notarized indemnity documents, and an affidavit stating the reason for policy document loss.
- Pay the Fees: Pay the required fees.
- Follow-up: You need to regularly check with the branch regarding your duplication of LIC policy. After getting the duplicate policy documents or policy numbers, you can check the policy status, opting for suitable online or offline methods.
Conclusion
When you buy a life insurance policy after comparing different life insurance companies, LIC policy tracking is very important so that you do not miss any applicable benefits. People often forget to check the LIC policy status and miss the important LIC policy updates and benefits. As per convenience, the policyholder can register on the LIC customer portal and check the policy status, including premium payment history, premium due dates, maturity dates, and bonus details.
If you cannot find the LIC policy details, you can reach your LIC agent nearby. RenewBuy Advisor Connect can help you minimize the hassle of finding a life insurance agent near you. Get expert assistance from RenewBuy POSP Advisor to learn about other LIC life insurance plan and their benefits and buy a suitable one for your expanding needs.