Life Insurance Corporation of India (LIC) is a public sector enterprise that has created a mark for itself in the insurance marketplace. Established over 100 years ago, LIC is one of the most prominent insurance companies in India that has an unparalleled trust of the customers throughout the country.Read more
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LIC specializes in serving different insurance plans to their customers depending on the need such as investment plans, saving plans, health plans, child plans, and many more.
In this article, you will get to know how you can generate your LIC Premium statement online. But before, let you know what premium exactly is.
Premium means the amount paid by the insurance holder to the insurance company in periodical installments, in exchange the insurance holder will get policy coverage (maturity benefit). It can be paid monthly, quarterly, semi-quarterly, yearly (regular premium), or maybe just once at the very beginning while purchasing the policy (single premium).
Thus, this amount that is paid by the insured to get cover for risk from the Corporation is called the premium.
LIC's e-Services is an initiative to provide you with on-demand service at your fingertips. You can now have many of the functionalities that were available only at a branch office, online with just a few clicks.
Since the introduction of LIC E-services, individuals can access numerous features from the comfort of their own houses. Under e-Services, you can avail of the following activities:
The importance of LIC’s premium statement is that it lets you know how much premium has been paid against the policy. Also, LIC’s paid premium certificate is required during the ITR filing.
Hence, the LIC premium paid statement is of great use. But the question is how to generate LIC Premium statement online?
Here are some simple steps to be followed to generate LIC Premium paid statement online just within a few clicks.
Here are some simple steps that you should follow for the registration process:
The following are the key benefits of the LIC premium receipts:
It helps in keeping track of:
Online Payment Facilities
To pay your premiums online through the e-Service portal, you can choose from:
LIC Premium paid statement is beneficial in more than one way. It helps in keeping the track of your premiums paid to date, your premium paying dates, filing of ITR, etc.
LIC’s initiative of launching e-services is to make your life easier by handling all your policies and related documents sitting on your couch. One should avail of e-services for better management and easy accessibility.
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