How to Check LIC Policy Status without Registration?

The Life Insurance Corporation is now a well-oiled and modern machine. You don't have to worry about finding an agent. There's not even a need to walk into a LIC office. A futuristic digital system, an online portal, and the LIC app have brought insurance to the very fingertips of the customer.

Why Do We Need to Check Our Insurance Policy?

It would be prudent to bring some factors to light that contribute to insurance policies:

Payment of the premium is commonly a yearly affair. It makes missing the deadline easier and causes further forgetfulness.Though insurance companies have a provision to collect the premium monthly, quarterly, and yearly, most of the patrons opt for the yearly premium plan. 

The finance industry depends more on exact and prompt payments than we realize. 

Hence, falling short of even a single premium may result in the lapse of the policy. Busy schedules, non-availability of funds, expired and lost credit or debit cards. Even the loss of policy papers is one of the other reasons that result in the lapse of insurance policies. That is why checking one's insurance policy should be a regular practice. Making it a habit to organize one’s affairs isalways a good idea.

How to Check LIC Policy Status without Registration?

The insurance sector in India provides cover worth billions to the working class. LIC policies are not only considered a buffer for uncertainty; they are kept as instruments of savings. Certain policies also provide tax rebates. 

Misplacing policy papers is common. Keeping the documents at the ready all the time would undoubtedly be too much to ask from senior citizens or working people close to retirement.

A simple messaging service has been introduced for those who were finding it challenging to handle these important documents. 

• The Life Insurance Corporation of India provides an SMS number. It can be used to verify the status of a policy without having to register. You need to SMS ASKLIC<policy number>STAT to 56767877 from your registered phone number. 
• Certain official and government procedures require proof of an individual's existence. Policyholders can avail of an Existence Certificate from LIC. To check the Existence Certificate Due: SMS ASKLIC<policy number>ECDUE to 56767877 from your registered phone number. 
• People tend to forget the due date of payment of the premium for their policies. Check the last Annuity Release Date. Just SMS ASKLIC<policy number>ANNPD to 56767877 from your registered phone number. 
• One is required to remember the amount that has to be released each time. However, it's not easy. To enquire about the annuity amount, just SMS ASKLIC<policy number>AMOUNT to 56767877 from your registered phone number. 
• When transactions deplete a policyholder's account, a cheque might bounce because of insufficient funds. To ask for the cheque return information, one can SMS ASKLIC<policy number>CHQRET to 56767877 from one's registered phone number. 
• Most of the policies require an annual payment of installments. Sometimes, the installment has to be deposited half-yearly, quarterly or monthly. Details of such deposits can be availed easily. To know about installment premium, one can send SMS ASKLIC<policy number>PREMIUM to 56767877 from one's registered phone number. 
• Bonus amount also accumulates for insurance policies. To know if your policy has received any bonus, SMS ASKLIC<policy number>BONUS to 56767877 from your registered phone number. 
• Unforeseen events might result in non-payment of the premium amount. This results in the lapse of the insurance policy. However, there is a provision for the revival of such a policy within 5 years. Enquire about the revival amount just by SMSing ASKLIC<policy number>REVIVAL to 56767877 from your registered phone number. 
• Banks, as well as other financial institutions, provide loans against Insurance policies. A policyholder might like to know how much his policy can fetch at a particular point in time. To check the amount of loan that can be availed, SMS ASKLIC<policy number>LOAN to 56767877 from your registered phone number. 
• Every insurance policy has to be nominated to a beneficiary. They collect the insured amount in case the policyholder is no more. To check Nomination Details, one can send SMS ASKLIC<policy number>NOM to 56767877 from one's registered phone number. 

Also, it's easy to get various updates and information on your registered phone number and email address. LIC's digital portals require just a user ID and a password. Customers can simply log in and find all the information they need. 

Open the homepage of the LIC website. Click the 'Online Service' tab. It will lead you to the 'e-service' page. Find the 'New User Registration' tab. Click to open a new page. Fill out the details. Click 'Proceed,' and the process is complete.

LIC Policy Status Check for New Users

With continuous transference to digital platforms, no one needs to keep physical documents at hand. Any information can be accessed via a mobile phone or a computer. 

Accordingly, LIC's online portal has a simple and user-friendly interface. New customers can check the status of a policy if they know the policy number. Just a few easy steps have to be followed for the same:

Step 1:Open the official LIC website on your browser. 

Step 2:Click on the 'Online Service' tab.

Step 3:Now click on the 'e-service' link. It shall direct you to a page for 'New Users' where you have to fill in the required information. 

Step 4:The policy one needs to enquire about must be in their name. 

Step 5:The policy number needs to be valid. 

Step 6:Enter the number of installments and the monthly premium amount. 

Step 7:Enter one’s date of birth and type in the registered mobile number. 

Step 8:Also, submit the registered email address.

Step 9:One needs to recheck all the input details for correctness. If correct, click on 'Proceed.'  

Step 10:The next page will prompt one to create a user ID with a password. Click on 'Submit' after creating the ID and the password. The software allows the user to log into the correct policy account if it accepts the ID and the password. Now the new user can check the policy status and make the required changes.

How to enrol On Your LIC Policy?

In order to enrol for LIC Policy you need to follow the steps below:

Step 1:Log in to the official website of the Life Insurance Corporation.

Step 2:Look for the 'Do you have a LIC Policy' query. Click the 'Yes' button. The page will open a ‘LIC Policy Enrolment Form.' 

Step 3:There is an option to take a printout of the enrolment form. 

Step 4:One can fill the enrolment form, provided the policy is in their name.

Step 5:The policy number needs to be valid. 

Step 6:Enter the DOB, the premium amount paid every month andthe number of installments already paid.

Step 7:Submit the enrolment form to the nearest branch.

Step 8:The Corporation will verify the submission and send a letter of acknowledgement.

Check your LIC Policy Status via Call Centre

The Life Insurance Corporation has established touchpoints through every possible medium.

Be it the official website, email, instant messaging (SMS), or the general mailing system.

Furthermore, dozens of call centres work round the clock to help customers.

An integrated voice response system (IVRS) is available 24X7 in almost every city. Customers can reach the LIC just by dialling 1251 from a BSNL or an MTNL number. They have to dial the city code before 1251 if calling from a number other than MTNL or BSNL.

Policyholders, or other individuals, can also approach the LIC through its regional zones. LIC has set up eight regional zones. The East Zone, the West Zone, the South Zone, the North Zone, the East Central Zone, the West Central Zone, the South Central Zone, and the North Central Zone. Contact numbers for every zonal office can be found on the internet.

LIC Jeevan Umang

The Life Insurance Corporation recently launched Jeevan Umang. It is a non-linked policy. That means the money is not invested in the stock market. It involves lesser risk. Yet, it guarantees better returns. The policyholder shares in the profits earned by the LIC up till the date of maturity. The corporation decides the percentage of profits to be shared with the policyholder. 

Jeevan Umang policy is a whole-life LIC policy. Death benefits are ensured even on the death of the assured during the term. The entire sum is also payable if death occurs during the first five years. After five policy years, the sum assured on death is payable even if the policy has not matured. 

A survival benefit is provided if the assured survives the premium payment term. It amounts to 8% of 'Basic Sum Assured.' It continues till the assured survives or upto the beginning of the last year of maturity of the policy. 

If premiums are paid regularly for 3 years or more, and the policy is surrendered, LIC promises to pay a surrender value. Surrender value can be Guaranteed Surrender Value or Special Surrender Value. 

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.