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Insurance policies are designed to provide life cover and other benefits to the policyholders. If one has purchased an insurance plan from the Life Insurance Company (LIC) of India, one can use an LIC Policy Tracker to easily track the payments, maturity and others at no extra cost. Each insurance policy has different features and offers a wide range of benefits. However, insurance policies are governed by strict terms and conditions that the policyholder must adhere to so that he can reap the benefits of the policy. In situations like missing premium payments, non-renewal of policies after expiry, missing the grace period, etc, a policyholder can either lose the benefits of the policy or has to pay extra fees based on the time elapsed.
You can save yourself from this situation in plenty of ways. One of the easiest ways is to check your LIC policy status periodically to keep a track of the policies you own, when you need to make the premium payment, renew the policy, etc. You can track your LIC policy by visiting the LIC branch to get details about your policies or visit the LIC website and login to check the details.
Here is a step-by-step tutorial on using the LIC Policy Tracker on the company website:
Step 1: Visit the LIC website
Visit www.licindia.in and click on the “Customer Portal” option in the “Online Services” tab on the home page. You will be redirected to a page that gives you the option to log in as a new user or a registered user.
For New Users: If you are a new user, you need to create your LIC online account.
Step 1.1: Click on the “new user” and fill in the fields on the next screen that opens up. You will have to provide the following details:
- Policy Number (mandatory)
- Instalment Premium without Tax (mandatory)
- Date of Birth (mandatory)
- Country Code and Mobile Number (mandatory)
- Email (mandatory)
- Passport Number
- PAN
- Gender
Step 1.2: Click on the proceed button.
Step 1.3: Choose an ID and password for your LIC account and hit the Submit button. If the registration is successful, you will be logged into your account. You will receive an email on successful registration.
For Registered Users: Log in with your user ID and Password.
Step 2: As a registered user, now you need to add your LIC policy to your LIC account. Click “Yes” for the “Do you have any LIC policy?” question.
Step 3: You will see a policy enrolment form. Enter the policy details such as:
- Name of the policyholder
- Premium
- Policy Number
Step 4: Take a print out of this form (in PDF) and submit it to the LIC branch where you have at least one of the enrolled LIC policies serviced. You will receive an acknowledgement based on your user ID. The branch will complete the validation process after carrying out the necessary checks with the policy docket. This validation step is crucial to ensure that only the rightful owner of the policy can access the policy related information online from the LIC portal.
Step 5: Once the branch has validated the policy, you will receive an intimation about the same. Now, you will be able to access the LIC policies in your LIC account.
After successful registration and enrolment, you will be able to avail all the LIC e-Services, including the LIC Policy Tracker. These are on-demand services that you can avail from the comfort of your home. The best part is that these are free services and you can log into your account multiple times as and when required.
LIC offers a wide range of insurance policies to its customers. The policies are divided into various categories such as:
- Individual
- Term plans
- Endowment plans
- Pension plans
- Unit-Linked Plans
- Microinsurance Plans
- Health Plans
- Whole Life Plans
- Money Back Plans
- Group Plans