The Life Insurance Corporation of India (LIC) has been a trusted name in the insurance industry for over six decades. With more than 29 crore policies in force, it is the largest insurance company in India. In recent years, LIC has made significant efforts to digitize its services, and the introduction of LIC e-services is a prime example of this.
LIC has also been at the forefront of insurance innovation. LIC e-services is an online platform that allows policyholders to manage their insurance policies from the comfort of their homes. The platform offers a wide range of features, including online premium payment, policy details, claim status, and more. In this article, we will discuss how policyholders can leverage the LIC e-services feature.
Online premium payment
One of the most significant benefits of LIC e-services is the ability to pay premiums online. Policyholders can avoid the hassle of standing in long queues or visiting the LIC office by paying their premiums online. This feature is not only convenient but also saves time and effort. The platform accepts various modes of payment, including net banking, credit card, debit card, and UPI. The process is straightforward, and policyholders can complete the payment in a few clicks.
Policy details
Policyholders can access their policy details through the LIC e-services portal. They can view their policy status, premium due date, bonus details, loan status, and more. This feature ensures that policyholders are aware of their policy details and can plan their finances accordingly. Moreover, policyholders can also update their personal details, such as their address, phone number, and email ID, through the portal.
Claim status
In case of a claim, policyholders can track their claim status through the LIC e-services portal. They can view the status of their claim, the amount approved, and the date of settlement. This feature enables policyholders to stay informed about the claim process and avoid any delays. Moreover, policyholders can also submit their claim documents online, making the process more convenient and hassle-free.
Revival of lapsed policies
If a policy lapses due to non-payment of premiums, policyholders can revive their policies through the LIC e-services portal. They can calculate the revival amount, pay the premium online, and revive their policy within minutes. This feature saves policyholders from the trouble of visiting the LIC office and ensures that their policies remain active.
Loan against policy
Policyholders can also avail of a loan against their policies through the LIC e-services portal. They can calculate the loan amount, apply for the loan online, and receive the funds directly in their bank account. This feature provides policyholders with access to funds during emergencies and ensures that they can meet their financial obligations.
Online policy purchase
Lastly, policyholders can also purchase new policies online through the LIC e-services portal. They can browse through the different policies, compare the features and benefits, and select the policy that best suits their needs. This feature is convenient and saves policyholders from the trouble of visiting the LIC office. Moreover, policyholders can also calculate the premium amount and pay it online.
LIC e-services is an excellent platform that offers several benefits to policyholders. The platform is convenient, hassle-free, and saves time and effort. Policyholders can pay premiums online, access their policy details, track their claim status, revive lapsed policies, avail of loans against policies, and purchase new policies online. This feature ensures that policyholders have complete control over their policies and can manage them from the comfort of their homes. Therefore, policyholders must leverage the LIC e-services feature and enjoy the benefits it offers.
