How to Check NEFT Status of LIC Policy Online

Here's how you can check your LIC NEFT payment status.

What is LIC NEFT?

LIC National electronic Fund Transfer form or simply LIC NEFT is an online payment method. This online payment method transfers money directly between bank accounts across India.

It is one of the most efficient and secure electronic payment systems in India. This is why the Life Insurance Corporation of India (LIC) which is one of the largest insurance providers in India offers this payment option to its policyholders.

Policyholders who fill the LIC NEFT form for funds transfer of their life insurance policy receive payments swiftly and conveniently. They do not need to wait in line to submit any physical cheques or forms or wait weeks of lengthy processing times.

How to Check LIC NEFT Form Status of Your Policy

You can opt for the NEFT payment method for your LIC policy by downloading and filling the LIC NEFT form PDF. Once you’ve registered for NEFT you may want to check the status of your NEFT application.

Here’s how to do it.

• Login to LIC Customer Portal

Go to the LIC website and enter your credentials to log in to your account.

• Select Service Request

Click on ‘Service Request’ on the dashboard.

• Choose Track Request Status

On the left-hand panel click on ‘Track Request Status’.

• Select NEFT Registration

Choose ‘NEFT registration’ to view the status of your application.

• View Your Status

You can check the payment status for all your LIC policies whether they have been accepted, cancelled or rejected.

Read about How to Check NEFT Status of LIC Policy in Hindi

What is the LIC NEFT Form?

LIC NEFT form is the application that you fill when you opt for the NEFT payment method for your LIC policy like term insurance or any other life insurance plan. It is quick and one of the most secure online payment transfer methods out there.

The National Electronic Fund Transfer (NEFT) is used for online payment from one bank account to another irrespective of the type of bank. NEFT services are applicable all across India. However, to avail their online transaction services for your LIC policy you have to fill up the LIC NEFT form.

How to Submit the LIC NEFT Form

Before you can check the LIC NEFT payment status ensure you have registered for the NEFT facility on LIC for payments. To register to receive payments through NEFT you will have to fill the LIC NEFT mandate form. You can easily fill the entire LIC NEFT form online through the LIC website. Here’s how you can do it

• Visit the LIC Official Website of LIC of India

• Click on the customer portal and log in using your credentials. If you’re a new user, select ‘New User’ to create an account.

• Once logged in a pop-up will prompt you to avail the NEFT facility. Click on the NEFT registration option under ‘Service Request’.

• Read through the terms and conditions carefully then click on the ‘Proceed’ tab.

• Choose your registered policy number and click ‘Proceed’.

• Enter the OTP sent to your registered mobile number to validate your details.

• Input your bank’s name, branch, IFSC code, type of account and PAN number. Click ‘Save’.

• Get the LIC NEFT form PDF download, fill it out and upload it. You’ll receive a confirmation message about the success or failure of your submission. You can track the NEFT request status via the portal.

Required Documents for LIC NEFT Registration

To successfully register for NEFT you will have to first submit the LIC NEFT form and provide the following documents:

• Cancelled Cheque - To verify your bank account.

• PAN Card - For identity verification.

• Policy Documents - Proof of your insurance policy.

• Medical/Death Certificate - Required for claims, if applicable.

• Bank Passbook - To confirm the name of the account holder.

Why Choose NEFT for LIC Payments?

You can choose to receive your policy funds from LIC directly into your bank account by filling the LIC India NEFT Form. However, before you choose the NEFT payment option it is important to understand its benefits so that you can make the most out of it.

• Safe and Secure: Your Transactions are Fully Protected

• Convenience: Direct Payment to Your Bank Account.

• Cost-Effective: No Extra Charges

• Timely Notifications: Regular SMS & Email Updates

• Easy Tracking: Online Track Status With Unique Reference Number.

Wrapping It Up

The NEFT option for payment offered by LIC simplifies the process of receiving the death, maturity and survival benefits for policyholders. NEFT payment option ensures the payment is made directly to the bank account registered with the policy. To use the NEFT online payment method the policyholders need to fill the online LIC NEFT form and submit it on the LIC portal. Once you successfully submit the LIC NEFT mandate form you will be able to check the NEFT status of payment online with ease. This digital payment approach not only saves time but also enhances the overall customer experience.

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