How To Download LIC Premium Payment Receipt Online?

The Life Insurance Corporation of India, (LIC) is one of the most trusted life insurance companies in India that offers a variety of insurance products and is also known for its ambient customer service. The e-services portal of LIC makes it easy for customers to pay the premiums online without any hassles and can also access their payment receipts online. The LIC online payment receipt and consolidated premium can be downloaded from the LIC website easily within a few clicks.

What is LIC Policy Premium Receipt?

LIC premium payment receipt is a proof or documentation to validate that the premium towards your LIC plan has been paid on time. Now, with the introduction of LIC's e-services, you can easily download this receipt from the comfort of your home. Moreover, there are no hidden charges that need to be paid to avail this e-service. In addition to the premium receipt download facility that can be completed online, there are other services available online such as:

• Status or policy term of LIC policy
• Premium payment date
• Loan status
• Renewal date
• LIC policy claim history

You May Also Like to Read:- Here is Your Guide To Different Life Insurance Plans

Why Should You Download LIC Policy Premium Receipts Online?

Some of the reasons why you should download LIC policy premium receipts online are as follows:

• Through the online process, you can save both your time and effort that will otherwise be wasted in visiting the nearest LIC office. The online process is not just easier but quite convenient and lets you complete the process to download the LIC policy premium receipt in a matter of a few minutes.
• A digital copy of the LIC premium payment receipt lets you access the document whenever required. This also eases the process of financial planning as online receipts can easily be downloaded. You can use the LIC premium receipt as investment proof and save on taxes as per section 80C of the Income Tax Act. 

Steps To Download LIC Policy Receipt Online

If the Life Insurance premium payment receipt is misplaced or lost, or if it is not received in the email, then it is possible to download the receipt online and pay the premiums accordingly for the life insurance companies in India. In order to download the LIC policy receipt online, the users have to register for the LIC e-services to download their premium receipt. The following are the simple step-by-step guidelines to download the LIC policy receipt.

• Visit the LIC website and click the ‘online services’ menu. Visit the ‘LIC e-services portal’ from this service menu.
• Click on the registered user menu and the user will be redirected to the login screen.
• Enter the username and the password along with the date of birth.
• The user will be redirected to the LIC e-services welcome screen.
• There will be two options on the screen, that state as ‘individual policy paid statement’ from where the premium payment statement of the individual policies can be downloaded. 
• The ‘consolidated premium paid statement’ is a portal from where the premium payment statements for all policies purchased from LIC can be downloaded.
• Choose the fiscal year and also the policy number. 
• Download the receipt in PDF form, which can also be downloaded for convenience.

Things to Consider While Downloading LIC Receipt Online

Here are the things you need to consider while downloading LIC premium receipts online:

• You need to be very careful when you enter the LIC policy number. You should double-check the policy number before finally proceeding further.
• You also need to enter the date of birth in a specified format i.e. (DD/MM/YYYY). If you fail to do so, it will be difficult for you to login.
• When you are paying the premium, do not forget to check if any kind of additional charges have been included. If it has been included, then immediately get in touch with the customer service team. 
• To ensure seamless communication on your registered email id and mobile number, make sure to update these details in case of any changes. 

You may also like to read:- Why Is It Important To Have Life Insurance? 

Procedure for Registration On the LIC Website

This service to download LIC policy receipts online is only for the registered users of the LIC. For those who are not registered with the LIC e-services, the following procedure can be followed to register on the website.

• Visit the LIC website.
• Locate the online services box on the left hand side, and click on customer portal.
• The users will be redirected to the LIC e-services and click on the ‘registration for e-services’ menu.
• There will be two blocks for new users and registered users.
• Choose the new user menu and enter the details such as date of birth, policy number, and the installment premium. The individual email ID and mobile number should also be provided.
• Click proceed after agreeing to the terms and conditions.
• Choose a user ID and password according to the terms of the website and use these login credentials to use the LIC portal.
• Again to log in to the website, click on ‘LIC e-services’, and choose ‘registered user’ by entering the user ID and password.

Conclusion

For LIC policy holders, who have lost their premium payment receipt or those who have not received their hard copy premium receipt, can log on to the customer service portal with the credentials and download the premium receipt. Additionally, if you can also reach out InsuranceDekho's support team who will always be there to assist you in all possible ways. 

FAQs

• Can I download the LIC premium receipt online?

Yes, you can easily download the LIC premium receipt online.

• What are the details I need to enter to download the LIC premium receipt online?

You will need details such as LIC policy number, date of birth, and mobile number to download the LIC premium receipt online.

• What are some of the best LIC Life insurance plans?

Some of the best LIC life insurance plan includes LIC SIIP, LIC Jeevan Anand, LIC Jeevan Umang, and a few more.