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Why Is Checking LIC Policy Status A Must?

Published On Dec 08, 2021 10:00 AM By InsuranceDekho

It's just as vital to check on your policy's status from time to time as it is to buy it. In today's hectic world, it's all too easy to forget about premium payments, and even the grace period can go unnoticed. To avoid this, you should review your life insurance policy on a regular basis and be informed about forthcoming premium payments. 

Previously, finding out the status of one's LIC insurance required a trip to a branch office or contacting an agent. Checking the status of your policy is now just a click away, according to the insurer's online platform, which offers a variety of services. Customers can also check the status of their insurance or premium payment through LIC's mobile services. When calling customer service or checking your status online, make sure you have your policy number handy.

How To Check LIC Policy Status Online?

Users can examine the details of premium payments, group plans, collected bonuses, and more by logging in to the LIC India website using their username and password. If you are a registered user, follow the steps below to verify your LIC policy status:

  • Click Customer Portal under Online Services on the LIC India website.
  • It will take you to the login screen, where you should choose "Registered User" from the drop-down menu.
  • To begin the session, type your username, date of birth, and password into the fields provided, then click Go.
  • This will take you to a page where you can see all of the policy tools available to registered clients.
  • Select View Enrolled Policies from the list of options now.
  • This will take you to a page that lists all of the policies you've purchased, along with the date of purchase, premium amount, and vested bonuses.

Using SMS to check the status of a LIC policy

LIC is one of the most well-known names in the insurance industry, and it has built a reputation for providing excellent client service throughout the years. LIC's SMS service is one such tool that aims to bring more clarity to all processes and keep customers informed throughout the insurance term.

Type ASKLIC followed by the function specific code and send it to 56767877 or 9222492224 from your registered number to find out the status of your policy through SMS.

Why Is Checking LIC Policy Status A Must?

Here is why it is important to check your LIC Policy status:

  • A life insurance policy provides protection against unforeseen events, but it is critical to monitor the status of your policy on a regular basis to ensure that it is providing you with the best possible returns. An expired policy, after all, is pointless. Find some time today to check yours if you haven't done so recently.
  • You can now see your LIC statement from the comfort of your own home. It means you won't have to line up at a LIC office. Furthermore, by reviewing your policy on a regular basis, you will be aware of the interim bonus and other relevant information. You can also see the 'Feedback' option while checking the policy online, which can be utilised to send questions and important recommendations.
  • It is critical to have a thorough awareness of the many techniques for checking the status of your LIC insurance.

Conclusion

LIC offers a variety of online services to help consumers with transactions and complaints. LIC e services provide you access to nearly all of the features that were previously only available at the branch level. Checking policy-related information is one of the options offered by the state-run insurer, which attempts to keep the user informed about payments and other significant occurrences. Various techniques are available. 

Also read: 

What Is Life Insurance And How To Buy It?

Have Responsibilities Of Financial Dependents? Consider Buying Term Insurance

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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