LIC Forms Download - LIC Form 340 - ( Rev. 2019 ) -
Proposal for Insurance on the Life of another adult person - 11 pages
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Showing posts sorted by relevance for query lic form. Sort by date Show all posts
60C form - 5 pages - LIC forms download - Form of declaration to be filed by an individual or a person not having PAN number issued by Government of India
Form No: 60 Form of declaration from LIC of India to be filed by an individual or a person ( not being a company or firm ) who does not have a permanent Account number ( PAN ) and who enters into nay transaction specified in rule 114B
LIC form : 60C ( 5 pages )
DOWNLOAD LIC Maturity forms online - LIC forms PDF download - Documents required for submission - LIC forms download
LIC Maturity information and Forms
The documents required along with LIC Maturity forms are :
- Original LIC policy certificate,
- PAN Card copy
- One cancelled cheque with the policyholder's name embossed on it.
With these documents, the below-given form is also required to send for getting the LIC policy maturity amount directly to the policyholder's Bank account.
LIC MATURITY FORM - PDF - DOWNLOAD
LIC MATURITY FORM
LIC NEFT FORM
All these documents and the above-given filled form has to be submitted to the servicing branch by hand. Nowadays by Post also can be sent but it is good to submit by Hand. Don't forget to write the policyholder's contact number wherever required.
LIC FORM OF NOTICE OF CHANGE OF NOMINATION - LIC FORM OF CHANGE OF NOMINATION - LIC FORM 3750 - LIC FORMS DOWNLOAD
LIC FORM OF NOTICE OF CHANGE OF NOMINATION
LIC FORM OF CHANGE OF NOMINATION
LIC FORM 3750
LIC Forms download - LIC Nomination forms - LIC Form of Notice of Change of Successive Nomination - Form of Appointment of Appointee for Minor nominee under successive nomination
LIC Forms download - LIC Nomination forms - LIC Form of Notice of Change of Successive Nomination - Form of Appointment of Appointee for Minor nominee under successive nomination 
LIC policyholders register your LIC policy online
LIC policyholders register your LIC policy online from home
Life Insurance Corporation of India (LIC) is one of India's most trusted and largest insurance companies. With millions of policyholders, LIC has a diverse range of insurance products to suit the needs of its customers. To make policy management easier, LIC has launched online services such that policyholders can register and manage their policies online.
My idea through is to ease the steps to register your LIC policy online and provide you with the best access of relevant information quickly.
Registering your LIC policy online has many advantages, including:
Easy Access to Policy Details: Access your policy status, premium due dates, and maturity details at any time, from anywhere.
Convenient Premium Payments: Pay your premiums online via net banking, credit/debit cards, or digital wallets.
Download Policy Documents:
Convenient Premium Payments: Pay your premiums online via net banking, credit/debit cards, or digital wallets.
View and download your policy bond, premium receipts, and other documents.
Track Claims and Bonuses: Check your claims status and accrued bonuses easily.
24/7 Customer Support: Access LIC's online customer support for questions and assistance.
Steps to Register Your LIC Policy Online
Track Claims and Bonuses: Check your claims status and accrued bonuses easily.
24/7 Customer Support: Access LIC's online customer support for questions and assistance.
To register your LIC policy online, follow these easy steps:
Visit the Official LIC Website: Visit the official LIC website at https://ebiz.licindia.in/D2CPM/#Login.
Enter Policy Details: Enter your policy number, premium amount, date of birth, and email ID.
Verify Mobile Number: Ensure your mobile number is registered with LIC, as you will receive an OTP for verification.
Create Login Credentials: Set a username and password for your LIC online account.
Complete Registration: After verifying your details, your LIC online account will be activated.
Once registered, you can log in to your account to manage your policies, pay premiums, and access other services.
Tips for a Smooth LIC Online Registration
Ensure Correct Details: Double-check your policy number, premium amount, and date of birth before submitting the registration form.
Use Registered Mobile Number: Your mobile number must be linked to your LIC policy for OTP verification.
Keep Documents Handy: Have your policy bond and premium receipts ready for reference.
Secure Your Account: Use a strong password and avoid sharing your login credentials with anyone.
Update Contact Information: If your mobile number or email ID has changed, update it with LIC before registering online.
Frequently Asked Questions (FAQs)
Can I register multiple LIC policies under one account?
Yes, you can link all your LIC policies to a single online account.
What if I forget my LIC online account password?
Use the ‘Forgot Password’ option on the LIC customer portal to reset your password.
Is there a fee for registering my LIC policy online?
No, LIC online registration is free of cost.
Can I pay my LIC premium online without registration?
Yes, you can pay premiums as a guest user, but registration is required to access other services.
How do I update my contact details on the LIC portal?
Log in to your account, go to the ‘Profile’ section, and update your mobile number or email ID.
Registering your LIC policy online is a simple and efficient way to manage your insurance policies. By following the steps outlined above and using the best Google keyword search words, you can easily navigate the process and enjoy the benefits of LIC’s digital services. Whether you’re a new policyholder or an existing one, the LIC online portal is a valuable tool for staying on top of your insurance needs. Register today and experience the convenience of managing your LIC policies at your fingertips!
LIC forms download - Form 3341 - LIC Gynaecologist/ Attending Gynaecologist Report form
LIC forms download - Form 3341 LIC Gynaecologist/ Attending Gynaecologist Report form.
LIC special moral hazard form - Special MHR - LIC forms download online
LIC special moral hazard form - Special MHR
LIC forms download online
Why Buy an LIC Policy
Why buy an LIC policy over only other life insurance policy in India?
Life insurance is an essential financial tool that provides security and stability to families in case of unforeseen circumstances. In India, the Life Insurance Corporation of India (LIC) has been the preferred choice for millions of policyholders for decades. While there are several private insurance companies in the market, LIC holds a unique position due to its trust, sovereign guarantee, and legacy. Here’s why purchasing an LIC policy is a better option than opting for any private life insurance policy in India.
1. Trust and Legacy
LIC has been operating since 1956 and has built a legacy of trust among Indians. It is the oldest and most established life insurance provider in the country, with a proven track record of settling claims and ensuring financial security for policyholders. The corporation’s name is synonymous with reliability, making it a top choice for life insurance seekers.
One of the most significant advantages of LIC policies is the sovereign guarantee provided by the Government of India. Under Section 37 of the LIC Act, 1956, all policies issued by LIC are guaranteed by the Indian government. This means that policyholders are assured of receiving their benefits without any risk of default, making LIC one of the safest options in the insurance sector.
LIC policy sovereign guarantee
3. Higher Claim Settlement RatioLIC consistently maintains a high claim settlement ratio, which reflects its commitment to fulfilling policyholder obligations. According to IRDAI (Insurance Regulatory and Development Authority of India) reports, LIC has one of the highest claim settlement ratios in the industry, ensuring that beneficiaries receive the promised sum without hassle. Private insurers, on the other hand, may have slightly lower ratios and stricter claim approval processes.
4. Financial Strength and StabilityLIC is the largest life insurer in India, holding a dominant market share. With vast financial reserves and government backing, it ensures the security of investments. Unlike private insurers, which depend on market performance and corporate profitability, LIC remains a financially stable entity that can withstand economic fluctuations, ensuring policyholders’ long-term security.
5. Wider Reach and AccessibilityLIC has an extensive network across India, even in the most remote areas. It has over 2,000 branch offices, thousands of agents, and digital service platforms that cater to millions of customers. This accessibility ensures that people from all walks of life can easily purchase and manage their policies, a facility that many private insurers fail to provide in rural areas.
6. Variety of Policies Tailored for All SegmentsLIC offers a wide range of life insurance policies, including term plans, endowment plans, whole life policies, pension plans, and child plans. These policies cater to different financial needs, age groups, and income levels. The flexibility in policy terms, premium payment options, and benefits makes LIC more appealing than private insurers, which may have limited offerings.
7. Customer-Centric ApproachLIC is known for its customer-friendly approach. With decades of experience in handling policyholders' needs, it has established a seamless and efficient process for purchasing policies, servicing existing policies, and settling claims. Unlike private insurers that focus on profit maximization, LIC prioritizes policyholder satisfaction and ensures transparency in operations.
8. Bonuses and Profits Shared with PolicyholdersUnlike private insurers, which operate with a profit motive for shareholders, LIC is a government entity that shares its surplus earnings with policyholders in the form of bonuses. This makes LIC policies more attractive as they provide higher returns in the long run.
9. Affordable PremiumsLIC policies often come with competitive and affordable premium rates compared to private insurers. Since LIC operates with a service-oriented mission rather than a purely profit-driven approach, it provides cost-effective insurance solutions without compromising on coverage benefits.
10. Strong Regulatory Compliance and Ethical PracticesBeing a government entity, LIC follows stringent regulatory norms and maintains high ethical standards. It operates transparently and adheres to all legal frameworks set by IRDAI. Private insurers, in contrast, may sometimes face allegations related to misspelling, hidden charges, or policyholder disputes.
In an era where financial security is a top priority, choosing the right life insurance policy is crucial. LIC, with its government backing, trust, high claim settlement ratio, and customer-friendly approach, remains the best option for millions of Indians. The sovereign guarantee ensures that policyholders’ investments are completely secure, making LIC a safer and more reliable choice over private life insurance companies.
For anyone seeking long-term financial protection, LIC stands as the most trustworthy and stable life insurance provider in India.
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LIC Monthly deduction Terms and conditions - LIC NACH Facility - LIC Customer should know
TERMS AND CONDITIONS FOR NACH - MONTHLY DEDUCTION FROM BANK ACCOUNT.
1. NACH facility can be availed for new policy as well as for existing policy for all modes (yearly, half-yearly, quarterly and monthly).
2. For new policy with monthly mode, initial two monthly premiums shall be paid, other than premiums, if any, required due to back-dating of policy.
3. Extra 5% premium charged for monthly mode is waived under NACH (monthly) mode. If mandate of monthly mode policy is rejected by customer’s bank, premium can be paid at cash counter only once along with fresh mandate form. If fresh mandate too is rejected or is not submitted, mode shall be changed to other frequency or to monthly with 5% extra.
4. At the time of opting for NACH for existing policy, all the premiums due till 15 days from current date in case of monthly mode and 30 days in case of other modes must have been paid.
5. Arrears of premium cannot be collected through NACH.
6. NACH facility can be opted only if bank from which premium is to be paid is on NACH board and bank account is CBS (core banking solutions) compatible.
LIC NACH mandate form sample
7. Customer is not required to get the mandate attested or validated from his bank. Scanned copy of mandate will be sent to customer’s bank for validation. Bank may charge some amount for validation/registration. The applicable charges may be enquired from the bank.
8. Policyholder is advised to keep a Xerox copy of the mandate form, get a letter of NACH registration from LIC branch and verify the correctness of details entered. If any discrepancy is found, it should be immediately informed to the branch.
9. In case the mandate is rejected by the customer’s bank for anyone of the reasons enlisted in Annexure “A”,a fresh mandate should be submitted to LIC servicing branch.
10. NACH deduction can commence only after the mandate is accepted by customer’s Bank and acceptance is updated in LIC’s database. If any premium falls due in the meanwhile, the same shall be paid at the cash counter or through an alternate channel by the customer.
11. Debit dates for deduction of the premium will be fixed on the basis of date of commencement of the policy, as follows:
12. Payment of premium for NACH mode policies is restricted at cash counter as well as through alternate channels. It is allowed only till NACH is pending for acceptance from bank or NACH deduction dishonours or grace period is over without receiving premium in NACH.
13. If the NACH deduction is dishonoured, the premium is to be paid at any LIC branch’s cash counter in cash or by DD or through the alternate channel with dishonour charges (levied by LIC only when the reason of dishonour is “insufficient funds” or “account closed”) and late fee, if any. For dishonours, banks too may charge some amount as per their rules.
14. While making the payment for dishonoured instalment premium, all the premiums due till date of payment as well as within next 15 days shall be paid.
15. LIC will not be responsible for any dishonour raised by the Bank. Any dispute regarding dishonour should be taken up with the bank.
16. Fresh NACH mandate form is to be submitted to LIC in case of a change in policy conditions which lead to an increase in premium and in case of a change in Bank A/C.
17. For NACH (monthly) mode no receipt or notices will be dispatched. Premium payment certificate can be obtained through LIC website www.licindia.in after enrolling the policy. For other modes receipts will be sent by ordinary post to the address mentioned in the branch policy master. If the receipt is not received due to any reason, the premium payment certificate can be obtained from any LIC Branch office or from LIC website.
18. Sometimes due to some technical or other reason premium NACH processing may be delayed by a few days. Kindly ensure the availability of funds for at least 3 days after debit date to avoid dishonours.
19. If any “Ban Orders” are issued by RBI to the bank from where the premium is to be debited or the bank is not participating in NACH due to any reason, NACH demand will not be raised by LIC. Customer may have to change bank in such circumstances.
20. If a policyholder desires to discontinue the NACH facility, the request should be given to the servicing branch at least 20 days in advance of the debit date for MLY mode policies and 30 days in advance for other modes.
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