How To Know My LIC Policy Details?

Read more to know about how to access LIC policy details online.

What are LIC Policy Details?

LIC of India policy details are your policy particulars that were decided and reviewed by both the insurer and the insured at the time of the issuance of policy. It includes all the necessary policy information like your insurance plan number, benefits, terms, conditions, features, and even the status of your policy. It is essential to know the basic details of your policy and beneficial to keep a track of your LIC policy as it allows you to take timely decisions and maximize the benefits of your policy. Policyholders can also manage their policies and payments online.

Policyholders can also track their investment growth by searching for how to know my LIC policy details, especially when reviewing surrender value, loan eligibility, or maturity benefits. LIC also has an online customer portal which assists you with your LIC status check by policy number, without having to visit the branch.

How to Check LIC Policy Details?

Many policyholders often wonder how to know my LIC life insurance policy details without visiting a branch. Luckily, LIC has offered convenience by providing both online and offline methods for policyholders asking ‘How to check my LIC policy status?’.

Through LIC Customer Portal

LIC e-services present under the LIC Customer Portal is one of the most straightforward ways to manage your LIC policy. This is how you can use it:

Step 1: On the official LIC website, register as a new user and then log in.
Step 2: Link your policy number to your registered profile.
Step 3: Check policy status, premium due date, benefits, and more on the dashboard itself.

Your LIC customer portal login provides 24/7 access to its users, so you can check your policy details from anywhere at any time.

Through LIC Digital App

Download the LIC Digital App from the Play Store or App Store, if you wish to manage your policy more conveniently through your mobile device. You can log in using your LIC registered mobile number and verify using an OTP, then:

Step 1: Find “Policy Status” that presents your enrolled policies that are linked to the phone number that you used while logging in.

Step 2: Click on the policy to view its details like sum assured, bonus, premiums, premium payment schedules, and even more.

Through SMS Facility

SMS facility is also provided for LIC users for times when you might not have a stable internet connection or cannot log in to your account. You can check your LIC policy details by policy number by sending an SMS from your registered LIC mobile number. Send an SMS in the exact format given below:

LICHELP <Policy Number>

For example: LICHELP 123456789 (useful for quick LIC policy number check)
Send it to 9222492224

Through WhatsApp

Send "Hi" to 8976862090 from your registered mobile number. A chatbot replies with a menu that helps you with all the possible help options available. Choose policy details, select your LIC plan and in a few seconds, you will receive all your policy details.

Through Customer Care

Call LIC’s customer care at +91-022 6827 6827 or use IVRS at 1251. Provide them with your policy number and they can give you your policy details and answer any other question that you might have regarding your LIC plans.

Through LIC Branch Visit

Visit your nearest LIC branch with your policy document and ID proof. The LIC Customer staff can share your policy details and help you register online, pay premiums or change your nominee.

Through Policybazaar

You can also get some information about your LIC policy, like your due premium amount, sum assured, bonus amounts, or maturity benefits, by policy number only through Policybazaar.

Step 1: Visit the LIC premium payment online page.
Step 2: Fill the form with the LIC policy number and DOB. Click on “Continue”.

The process is primarily for online premium payment; however, you can also get some LIC policy details from here and check your LIC policy status as well.

Policybazaar's customer care toll-free numbers are 1800-208-8787, 1800-258-5970 and 1800-258-5881. You can also contact the team on WhatsApp at +91 8506013131.

How Can I Check My LIC Policy Status?

LIC policy status can be checked using the following steps:

Step 1: Open the Customer Portal section on the official LIC website.

Step 2: Use your User ID and password to log in after you’ve registered. New users shall register on the portal and link their policies to their account.

Step 3: Go to the policy section to view your LIC policy status, premium payments, bonus details, and other information related to your policy.

Step 4: If you want a LIC policy statement download, open the “Policy Status” section and select the option to download the LIC policy statement in PDF format for future reference.

Note: You can also check LIC policy details by policy number from LIC’s official website.

Can I Check LIC Policy Status Without Login?

Yes. You can do an LIC policy status check without login or registration in three ways:

• SMS: from your registered mobile number, send LICHELP <policy number> to 9222492224, or use the ASKLIC codes above.

• WhatsApp: send "Hi" to 8976862090 and choose your policy.

• Phone: call 022-6827 6827 with your policy number.

For full details, such as your premium history, bonus, loan eligibility and statements, you'll need to register on the customer portal or app.

How to Find Your LIC Policy Number by Name, Aadhaar or Mobile Number?

For privacy reasons, LIC doesn't offer a public online search by name or Aadhaar. You can find your policy number in these ways:

• Check your documents, the policy bond (usually at the top of the policy schedule), premium receipts or emails and SMS from LIC.

• Use your registered mobile number to log in to the LIC app or send "Hi" on LIC's WhatsApp number. Both show the policies linked to that number.

• Visit your LIC branch with ID proof.

• Call customer care on 022-6827 6827.

How to Check LIC Policy Details From Policy Number?

LIC policy details can be checked through the LIC Customer Portal. It is an online platform designed by LIC to give their users ease and convenience in managing their life insurance policies.

Generally, new users who have not yet registered with the Customer Portal of LIC need to use their policy number to check their policy details and track the status of their policy. This means you only need to use your policy number for the first time to register to the portal. Once you register, you get your login credentials with a user id and password. Now you can directly login to the portal using these credentials every time and check your policy details, status, download statements and more through the portal’s features.

Given below are the steps for new users to register to the LIC Customer Portal using their policy number.

Step 1 is to go to the official website of LIC and click on the ‘Login’ button.

Step 2 is to click on ‘Customer Portal’ and get to its login page.

Step 3 is to click on the ‘New User Sign Up’ button.

Step 4 is to create your LIC Account by writing your policy number, your instalment premium (without tax), and other personal and contact details.

Step 5 is to confirm your details and proceed. You will now get your credentials on your registered email, using which you need to login to the portal every time from now on.

Key LIC Policy Details You Should Know

LIC Policy Number

From all the LIC policy details, your LIC policy number is the most important. It's usually printed on your policy bond or premium receipts or given in your emails from LIC of India. In case you lost your policy number, you can check your LIC number by visiting the nearby LIC branch, or you can call the LIC customer care toll-free number.

Why is it Important?

You will need your LIC policy number, as you will require the number every time you do an LIC policy check or inquiry. It helps LIC to give you the best advice about your plan and makes it easier to administer if you have more than one policy.

How to know LIC policy number?

Your unique policy number is present on the policy bond that is issued at the time of policy purchase. Other official receipts like premium payment receipts will also have the policy number stated on them. You can also visit your nearest LIC branch or call LIC to know your policy number.

Status of LIC Policy

Your LIC policy status shows if your plan is active, lapsed, paid-up, matured or surrendered. It is quite easy to get your LIC status check by policy number through the online customer portal. New users need to use their policy number to register to the portal but already registered users can login using their user Id and password. Check your LIC policy status quickly and be sure you have coverage.

What is the importance?

Status of your LIC policy is essential to know as it confirms that your policy is active and the beneficiaries can claim the benefit in case of an unfortunate event. It also provides a clear time frame to pay premiums before deadlines, revive a lapsed policy, etc.

How to Check LIC policy status?

People can visit the LIC website, mobile app or an LIC branch. A quick LIC policy check online gives you your current LIC policy status in seconds.

Note: If you have purchased your policy from Policybazaar and want to check LIC policy details by policy number, you can directly check it from Policybazaar official website.

LIC Premium Amount Details

Paying the premium is what keeps your LIC insurance policy active. LIC policy details include information of your premium amounts, frequency at which you pay premiums, due date of the next premium payments under LIC plans.

Why is it Important?

It is essential to understand how premiums work in your LIC policy so that you are regular at paying premium amounts without the fear of lapsing your policy. It also helps you manage your budget accordingly.

How to know LIC premium details?

You can log in to your LIC account on the customer portal or use an LIC app to view premium information, view your LIC policy details and upcoming payments.

Bonuses and Maturity Amount

Many LIC plans, which are participating in nature, earn annual bonuses that add to your payout at the time of death or maturity. Checking the LIC policy details about the bonus helps you estimate the LIC maturity value.

Why is it Important?

LIC plan bonuses and maturity details help you analyse how your policy has grown over the policy years. Bonuses also give an insight about the real value that your investment has earned.

How to know LIC bonus and maturity amount?

On the LIC website or mobile app, sign in to your online LIC account and view your LIC policy details list, where bonuses and expected maturity amounts are clearly shown along with your LIC policy status. Use the MyLIC App if you are wondering, “How can I check my LIC policy details online?”

Loan Option

After paying premiums for a few years, your LIC policy becomes eligible for a loan. Most LIC plans offer loans after 1 full year of premium payment to address the customers’ emergency needs.

Why is it Important?

Knowing your loan eligibility and limit can be very helpful during emergencies. It lets you borrow money easily without losing your insurance coverage or breaking your policy.

How to know the details of Loan against LIC policy?

Check your eligibility for a policy loan through your LIC login or contact your branch to get guidance on your LIC policy details.

Nominee Information

One of the most important LIC policy details is information about the nominee of your policy. It is important for the policyholder to update the nominee details (if it has changed after the issuance of policy) because wrong or inadequate nominee details may cause delay at the time of the death claim settlement.

Why is it Important?

If the nominee details are incorrect, then it becomes difficult for the right nominee to receive the insurance benefits. Correct details avoid delays and legal issues at the time of claim. If you’re wondering how to change nominee in LIC policy, these details will come in handy in the process.

How to Check LIC Nominee Information?

You can check or update your nominee's name in your LIC policy details list online through LIC customer portal or by visiting your LIC branch.

Grace Period

A defined grace period allows you to monitor your time so that if you miss a premium, you don't put your LIC policy in danger of lapsing. This allows you additional time to make your payment with your LIC plans.

Why is it Important?

The grace period is the additional time given to policyholders when they miss the premium due date. The policy is considered in-force during the grace period and lapses if the premiums stay unpaid.

How to know the grace period of your LIC policy?

Check your policy bond or access the online portal for LIC policy details where the grace period must be mentioned very clearly. It usually varies from 15-30 days depending on your premium paying frequency.

Free-Look Period

LIC offers a free-look period of 30 days for the policyholders to return the policy to the corporation in case they are not satisfied with the features of the policy on issuance. This period starts from the day of receipt generation of the policy.

Why is it Important?

The free-look period allows enough time for the policyholder to see if the policy features match their requirements, and if it doesn’t, then they can return the policy. You can get most of your money back with small deductions while checking your LIC policy status.

How to know the free-look period of your LIC policy?

You can find the information in your policy document or by checking your LIC Policy details online or contacting LIC support.

Revival

LIC revival period is generally within 5 consecutive years from the date of first unpaid premiums, for most plans.

Why is it Important?

It is essential for policyholders who wish to revive their policy and retain its benefits again. So the revival time gives you a chance to continue your insurance policy instead of buying a new policy or paying extra charges for it.

How to know LIC policy revival details?

You can check this LIC policy detail in your policy bond or visit the branch to see if your plan is eligible for revival and how much is due.

Surrender

LIC policy details on policy surrender are important information that policyholders should be aware of. Surrendering a policy means cancelling your policy during the policy term and claiming the surrender value, even though it's less.

Why is it Important?

It is essential for the policyholders who wish to surrender their policy. It gives them clarity of how low the surrender value can be if they surrender their policy. It also helps you compare the guaranteed and special surrender values so you can make an informed decision by reviewing your LIC policy status.

How to know LIC policy surrender details?

You can use the LIC Surrender Value Calculator to know how much your policy will payout in case of surrender.

How to Check LIC Maturity or Death Claim Status?

Log in to the LIC customer portal or app and open the claim or policy status section or contact the branch that services your policy. For a death claim, the nominee can track the claim at the servicing branch using the policy number.

How to Check Unclaimed Amounts With LIC?

If you or a family member had an LIC policy and the money was never collected, for example a maturity amount, you can search for unclaimed amounts on LIC's website using the policy number, name and date of birth. IRDAI requires insurers to offer this search.

Lost Your LIC Policy Bond?

Your policy stays valid even if you lose the bond, it's only a record of your policy. However, you do need the bond when you apply for claims. Therefore, you should apply for a duplicate policy bond at your servicing branch. You'll usually need an application, an indemnity bond and ID proof. There may be a small fee and a newspaper advertisement for high-value policies.

Keep Your Policies in an e-Insurance Account

You can hold your LIC policies electronically in an e-Insurance Account (eIA) with an IRDAI-approved insurance repository. By doing so, all your policies stay in one place, so you never have to search for a lost bond.

Why Is Knowing Your LIC Policy Details Important?

Being aware of your LIC policy details helps you know that your policy is active, ensuring that your family will receive the policy benefits without any delays. Below listed are the main points on why awareness is important:

• Policy Continuity: LIC’s online services allow you to watch the premium due date and avoid your policy lapsing. This ensures that you and your family continue to enjoy the insurance coverage. Keeping yourself updated with your LIC insurance data is easy.

• Financial Planning: Understanding the maturity and bonuses of LIC policy helps you appreciate the value of LIC plans and enables you to take well-informed decisions and plan your future more effectively under various LIC plans.

• Peace of Mind: Getting your LIC policy status can give you peace of mind about the financial health of your loved ones.

• Easy Claims Processing: Updating your nominee information will assist your claims to proceed quickly with no delays.

• Cash for Emergencies: Knowing your loan eligibility enables you to get cash during an emergency without touching your other assets.

• Transparency: Periodic evaluation of your policy using LIC’s digital tools and knowing the process to know the specifics of my LIC policy ensures your records are current and boosts your confidence in your insurer.

How To Track Request Status of LIC Policy?

Step 1: Open LIC’s official website and go to the policy status under the Customer Portal section.

Step 2: Use your ID and password to log in. New users must register first.

Step 3: View your request details and latest updates in the policy status section.

Step 4: Use LIC customer portal to know your policy information, premium details, and service requests.

Step 5: For more assistance, contact LIC customer support.

Is it Helpful to Know my LIC Policy Details?

It is essential to know your LIC policy details regularly to update correct nominee details, view premium payments, analyse the profits earned, etc. Keeping your policy up to date avoids delays at the time of the claim settlement. You can use LIC portal, MYLIC mobile app, SMS service to check LIC policy details and LIC status.

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