How to Check LIC Maturity Amount: Online or Offline?

LIC provides a wide range of online services to its customers to make the process simple and convenient. From purchasing a plan to paying the premiums on regular intervals to checking the maturity amount and status of the policy, everything can be availed through the online as well as the offline mode.

Read more
Best Investment Plans
  • Save Upto ₹46,800 in tax under Sec 80C

  • ₹ 1 Crore

    Invest 10k Per Month*
  • Tax Free Returns Unlike FD

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Please note that the quotes shown will be from our partners
Grow Your Wealth !
Best Plans with High Returns available on one platform
+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

These facilities have made the process user-friendly and understandable for individuals unable to visit the branch offices due to various reasons to avail of the services.

Maturity Amount of LIC Plans

Maturity amount is the final amount received on the maturity of the plan by the life insured or his nominee/dependent in case of the policyholder's demise in the form of the death benefit. The maturity amount is calculated by adding the sum assured, which is decided upon by the customer and the company at the time of purchasing the plan, the bonus amounts or profits received throughout the plan's tenure, and additional bonuses if mentioned by the Corporation. 

How to Check Maturity Amount?

To check the LIC maturity amount through the E-services made available by the Corporation, the following steps can be followed:

Steps to be followed by new users:

Step 1:The insured needs to visit the official website of LIC.

Step 2:On the home page, the user can select the option of "New User."

Step 3:In the next step, he can fill up his personal details such as name, date of birth, policy number, mobile number, email address, etc.

Step 4:Finally, the user can select the user name and password of his choice thereafter, which he will be logged into the account.

After creating an account, the user can follow the steps as mentioned below in order the maturity amount:

On the homepage of the LIC portal, two options, that is, New User and Registered User, will be specified. 

Step 1:By selecting the latter option, the user will be redirected to the LIC login page. 

Step 2:On the LIC login page, he can enter the user name and password that the client has selected in the registration step itself.

Step 3:After logging into the account, the individual can click on the “Policy Status’ tab.

Step 4:On this page, the policyholder will be able to view the plans that are enrolled in the account. 

Step 5:Here, the user can check the maturity amount as well as other details such as policy name, the date for paying the premium, policy term, and so on.

Hence, the sum assured can be checked by the policyholder through the LIC Login Page.

Things to Take Note of whileChecking LIC Maturity Amount Online

There are certain points to remember while checking LIC Maturity Amount online. They are:

  • The website will ask the policy number of the particular plan. Therefore, the policyholder should keep the details of the LIC policy at the ready.
  • When creating an account, the policyholder has complete flexibility to choose any user ID, which he/she wants. The user ID can include letters, numbers, and special characters such as a dot, hyphen, or underscore.
  • The length of the password while creating a user account should be between a range of 8 and 30 characters. The password that is set should be easy to remember, unique, and should be kept confidential to prevent any sort of fraudulent activities in the account.
  • The box marked with an asterisk(*) has to be filled compulsorily and hence cannot be left blank to proceed further and create an account successfully. 
  • The email ID provided while registering should be a valid one so that changes and other important messages can be conveyed through the email.
  • Lastly, the user ID provided during registration should be unique and not match the user ID of any other customer. In case of the particular user ID already being in use, the customer will be notified of the same and can, after that, select a new unique ID for the account.

In order to check the maturity amount offline, the life insured can visit the nearest branch office and receive all kinds of assistance from the LIC employees. Customers with LIC pension plans can also avail these facilities through the online as well as the offline mode. 

How to Check Maturity Amount and LIC Pension Plan through SMS?

Checking maturity amount and various other updates regarding a plan through SMS can be an appropriate option. It reduces the hassle of remembering the password every time an individual has to login into his account. To check the updates through SMS, one can type "ASKLIC" followed by the policy number and SMS it to the phone number 56767877 made available by the Corporation.

Secondly, in order to get updates regarding the LIC Pension Plan, the following procedure can be followed: 

ENQUIRY TYPE SMS CODE
  • Status of the existing plan
“ASKLIC<Policy Number>STAT”
  • Annuity Amount
"ASKLIC<Policy Number>AMOUNT."
  • Release date of the Last Annuity
“ASKLIC<Policy Number>ANNPD”
  • Cheque return information
“ASKLIC<Policy Number>CHQRET”
  • Existence certificate due
“ASKLIC<Policy Number>ECDUE”

All of the queries mentioned above can be resolved by sending the SMS code to the same number, that is, 56767877.

How to Check LIC Maturity Amount through Customer Care?

Suppose a user is not comfortable using SMS or the E-Service facilities. In that case, he can avail the same features and get regular LIC Pension plan policy updates through the LIC customer care number operated by a team of dedicated LIC employees. BSNL or MTNL users can simply call 1251 from their mobile numbers. 

Customers that are subscribed to other services can contact the Integrated Voice Response System (IVRS) from their local cities and, after that, follow it up with 1251. The Integrated Voice Response System provides assistance to the customers 24x7 and can provide the users with clear-cut and precise policy information, thus, clearing all doubts of the clients. 

To make the process further simpler and solve all queries of customers, LIC has divided India into eight zones, namely, North, North Central, East, East Central, West, West Central, South, and South Central Zones. All of the eight zones have different customer care numbers and branch offices for customers to call or visit physically in order to get the queries regarding the plans resolved. 

How to Check LIC Policy Surrender Value Online?

Surrender Value is the amount that is paid to the policyholder by the company if he wishes to discontinue the policy. However, it can be paid only if the life insured has paid all the premiums, whether it is monthly, quarterly, half-yearly, or yearly for a period of three years. In order to check the value online, one can visit the official website of LIC and fill in the required details. One can calculate the surrender value by using the formula mentioned below:

Basic Sum Assured (Number of Premiums Paid) + Total Bonus Received x Surrender Value Factor.

Why Check LIC Pension Plan Status and Other Information at Regular Intervals?

It is essential for each policyholder to keep a check on the plans at regular intervals because, in the busy schedules of everyday life, there is a major possibility that the life insured may forget to pay his premiums on time. 

Thus, it is essential that the customer check the status once after every two months to stay updated about any sort of changes regarding the plan. Moreover, if the life insured fails to pay the premium even after the grace period, which is often 15-30 days as per the company's guidelines, the policy might get lapsed and the policyholder as well as his family gets deprived of the benefits that are offered by the plan.

How to Claim the Amount after the Maturity of the Plan?

The nearest servicing branch of the Corporation typically sends maturity claim intimations two months prior to the maturity of the policy. Then, the life insured or his dependent, in the case of death of the policyholder before the end of the tenure of the policy, has to submit the discharged receipt in form number 3825 along with the original policy documents at least one month prior to the due date of the policy so that the entire amount can be paid to the customer before the due date of the maturity claim. Along with the policy documents, a few other documents such as identity proof of the policyholder / ID proof of nominee along with death certificate in case of death of the policyholder, age proof if it has not been submitted previously, a cancelled cheque, or a copy of the policyholder's bank passbook and an NEFT mandate form. 

Over to you

Therefore, the policyholders should be up to date with any sort of updates that might also affect the policy that he is associated with. It is due to reasons as such that he should know the policy he purchases in-depth and purchase a plan that can meet all his needs and requirements to receive full benefits from the plan. 

As insurance allows the life insured's family to lead a comfortable life even in the absence of a regular income, it should be made sure that the policy is revised thoroughly before making the purchase.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

Ulip Insurer2
ulipInsurer_3
Average Rating
(Based on 4 Reviews)
Ulip Insurer4
Ulip Insurer1

LIC of India articles

Recent Articles
Popular Articles
What is policy term in LIC?

13 Jun 2022

What is policy term in LIC? Policy term in a life insurance policy...
Read more
LIC Kanyadan Policy Calculator

13 Jun 2022

The Life Insurance Corporation of India does not sell any...
Read more
Which LIC Plan Is Best For Children?

13 Jun 2022

An insurance policy from LIC can help you save a significant sum...
Read more
LIC Group Plans

13 Jun 2022

LIC Group Plans The Life Insurance Corporation of India has...
Read more
LIC Fixed Deposit Monthly Income Plan

30 May 2022

Fixed deposits are fixed-income products usually offered by...
Read more
Surrendering LIC Policy Before Maturity Time: Your Guide!
The Life Insurance Corporation of India is one of the most prominent insurance companies. It has an unparalleled...
Read more
How to Check the Maturity Amount of LIC Policies?
Life Insurance Corporation of India is one of the leading public companies in the service of insurance plans. And...
Read more
Life Insurance Corporation of India (LIC of India)
Life Insurance Corporation of India (LIC of India) Life Insurance Corporation of India or LIC of India is a...
Read more
Is there any LIC Kanyadan Policy?
First and foremost, there is no such plan called the LIC Kanyadan Policy launched by the Life Insurance...
Read more
LIC Policy Surrender Status Online
Life Insurance Corporation of India, popularly known as LIC is one of the largest and oldest life insurance...
Read more

How to Check LIC Maturity Amount: Online or Offline? Reviews & Ratings

4.8 / 5 (Based on 73 Reviews)
(Showing Newest 10 reviews)
Meer
Chalakudy, April 16, 2021
Easy claim settled
I bought the Lic India term plan from the suggestion of my family friend and he recommended me a lot of plans. He said that the claim settlement ratio is quick and easy. Also, it is protective plan.
Ram
Balasore, April 16, 2021
Child security fulfilled
I have bought a Lic India child plan online and it has been a year now. I like the way the this works. It is a nice plan I got for my child’s security.
Jyotsana
Asifabad, April 14, 2021
Additional riders
Along with my Lic India term insurance plan I have got the additional riders too. It has been an important thing for me and can be useful at any point in time. It can be added with a minimal amount.
Anubha
Mainpuri, April 14, 2021
Low premium
The premium rate of the child insurance plan of LIC India which I bought 3 years ago is best and it was under my budget. I was searching for some good plans related to child insurance. I got the way of buying this plan and loved it.
Nimesh
Lakhimpur Kheri, April 13, 2021
Tax rebate
I bought a Lic India term insurance policy online and it has been into my budget. Also, I like one thing that I would able to get the tax benefits under it. It is a good option and can be beneficial for all tax payers.
Amisha
Babina, April 13, 2021
Maturity benefits to get
It is easy to get the maturity benefits when LIC India child plan gets matured and my child would get a better return. It would be easy for him to get the best education and can go for a higher education abroad.
Jay
Lakhimpur, April 12, 2021
Safety
I feel safe and secured for my family when I will be not around. The Lic India ULIP plan will give the better returns and maturity benefits. And will be quite helpful for my family to sustain their future.
Amit
Raghunathpur, April 09, 2021
Happy customers
I am one of the happiest customer of Lic India term plan and I have found various good deals. It is the plan which has come under my budget. And it has been a protective shield for me and my family.
Ashok
Mota Chiloda, April 09, 2021
Great plan
I am happy with this plan and have recommended many people for the same. I bought the Lic India ulip plan 2 years back and It is a best kind of investment.
Azam
, April 09, 2021
Good Benefits
It is important for everyone to understand that benefit is must when you are buying a child insurance plan. I bought a beneficial child plan of LIC India.
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL