What Is LIC Premium Paid Statement?

An LIC premium paid statement is an official document provided by LIC of India that shows details of your premium payments made toward LIC policies. This statement is a proof of payment and is often needed for tax filing or financial records. You can easily access the LIC premium paid certificate through the LIC login on the official website. After making a LIC premium payment online, the statement can be generated through the LIC portal, offering a clear summary of transactions.

How to Generate LIC Premium Paid Statement Online?

Below is the step-by-step guide to generate the LIC premium statement of your LIC policy. Take a look:

Step 1: Visit LIC's Customer Portal
Go to the LIC Customer Portal or LIC e-services and click on Login.

Step 2: Register or Log In
For New Users: Click on New User or Sign Up and provide:

• Policy Number

• Instalment Premium (from the policy bond)

• Date of Birth

• Mobile Number

• Email ID

For Registered Users: Log in with your credentials.

Step 3: Navigate to Online Services

After logging in, select LIC statement download from the menu.

Step 4: Select Premium Paid Statement
Click on LIC premium receipt and enter the required details (policy number, premium frequency). Choose the type of premium paid certificate you need.

• Consolidated Statement: Generates one certificate for all the enrolled policies.

• Individual Statement: For a single policy’s premium paid details.

Step 5: Generate Statement
After verifying the details, click Submit to download your LIC premium paid certificate.

Step 6: Download or Print
Save the LIC premium receipt download as a PDF file for future reference or print a hard copy.

Along with the various online methods of LIC receipt download, the above process is the most trustworthy option for generating the LIC online payment statement, directly from the official LIC website.

How to Generate LIC Premium Paid Statement Offline?

If you prefer the offline method, you can visit your nearest branch office and request a copy of your statement. The branch staff will be able to generate the premium-paid certificate LIC for you and provide you with a hard copy.

Why is the LIC Premium Paid Statement Important?

Generating an LIC premium paid statement plays a key role in managing your policy efficiently and ensuring you get the most out of your LIC premium payment. Here’s why it matters:

• Claiming Income Tax Benefits:: When it's time to file your taxes, generating the LIC premium paid certificate becomes essential. This document acts as official proof of all LIC premium payments made during the financial year and is required to claim deductions under Section 80C of the Income Tax Act. Policyholders can generate this certificate easily through the LIC login on the official website.

• Getting a Loan Against Your LIC Policy: If you’re planning to apply for a loan using your LIC policy as collateral, financial institutions ask for an LIC online payment statement. Generating this statement via LIC policy premium payment records helps verify your financial commitment.

• Settling Claims: For smooth and timely claim processing, LIC may request a LIC premium payment online history. Your LIC receipt or LIC policy online payment details serve as evidence that your policy is active and all premiums have been duly paid.

• Financial Planning and Record-Keeping: A regularly updated LIC premium paid statement gives you a clear picture of your insurance payments, making it easier to manage your finances.

Things To Keep In Mind While Generating LIC Premium Paid Statement

• Keep Policy Details Handy: Make sure your policy details are available before starting the process. This includes your policy number, premium amount, and premium payment frequency. Having this information at hand will speed up the process.

• Use a Secure Internet Connection: Ensure you have a secure and stable Internet connection while accessing the customer portal. This minimizes the chances of errors or disruptions during the process.

• Verify Information: Double-check entries to avoid discrepancies, especially for term insurance policies. Accuracy is essential, especially when using this document for income tax purposes.

• Save Regularly: When generating your LIC online payment statement, save the document regularly. This can be particularly helpful if you encounter any technical issues or disruptions.

Wrapping Up

Accessing your LIC premium paid statement download has never been simpler. With user-friendly online and offline options, you can quickly retrieve your LIC premium receipt for tax filings, loans, or personal tracking. Stay proactive, keep your policy active, and keep your financial records current.

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