- 1 LIC India – A Snapshot
- 1.1 LIC India Insurance Plans
- 1.2 LIC Customer Login
- 1.3 Check your LIC Policy Status Online
- 1.4 LIC Premium Calculator
- 1.5 Pay Premium using LIC Online Payment Service
- 1.6 LIC Customer Care and Addresses
- 1.7 LIC Tax Benefit on Premium Payment
LIC India – A Snapshot
Created in 1956 by merging about 245 companies due to the Life Insurance of India Act, passed by our parliament that nationalized private insurance industry in India.
Headquartered in the financial capital of India, Mumbai, Life Insurance Corporation of India is the largest insurance company in India with an estimated net asset of ₹1,560,482 crores.
LIC India also works towards spreading of awareness w.r.t. insurance even in rural regions. It remains one of the trusted brands in insurance sector and their website can be accessed from www.licindia.in
LIC India Insurance Plans
LIC (life insurance corporation) India provides a diverse set of insurance plans for people. To mention a few categories
- LIC Endowment Plan
- LIC Money Back Plan
- LIC Term Assurance Plan
- LIC Pension Plan
- LIC Unit plans
- LIC Group Scheme
- LIC Health Plans
LIC Endowment Plans
LIC’s endowment plan offers protection as well as saving options, a combination which is attractive to insurance buyers. Before the policy matures, in case of the death of the policy holder, the family will get the amount assured. Whereas the surviving policy holders gets the lump sump amount at the maturity of the policy
- LIC Jeevan Shikhar
- LIC Jeevan Labh
- LIC Single Premium Endowment Plan
- LIC New Endowment Plan
- LIC New Jeevan Anand
- LIC Jeevan Rakshak
- LIC Limited Premium Endowment Plan
- LIC Jeevan Lakshya
- LIC NEW ENDOWMENT PLUS
LIC Money Back Plan
This plan offers a lump sum amount in case of the death of the policy holder during the term of the plan or periodic payment for the surviving policy holders at specific duration of the term.
- LIC NEW MONEY BACK PLAN – 20 YEARS
- LIC NEW MONEY BACK PLAN – 25 YEARS
- LIC NEW BIMA BACHAT
- LIC NEW CHILDREN’S MONEY BACK PLAN
- LIC Jeevan Tarun
LIC Term Assurance Plan
This plan offers lump sum amount on the policy holders demise. This also provided tax benefits on the premium amount paid.
- LIC Anmol Jeevan II
- LIC Amulya Jeevan II
- LIC e-Term
- LIC NEW TERM ASSURANCE RIDER
LIC Pension Plans
LIC Pension plans help you to retire with peace of mind by ensuring your financial stability at old age. This policy is suitable for people above 60 years.
- Jeevan Akshay-VI
- LIC New Jeevan Nidhi
LIC Group Scheme
Ideal for a group of people such as employees,, associations etc.
- LIC Group Credit Life Insurance
- LIC SINGLE PREMIUM GROUP INSURANCE
- LIC New Group Leave Encashment Plan
- LIC New Group Superannuation Cash Accumulation Plan
- LIC NEW ONE YEAR RENEWABLE GROUP TERM ASSURANCE PLAN I
- LIC NEW ONE YEAR RENEWABLE GROUP TERM ASSURANCE PLAN II
- LIC New Group Gratuity Cash Accumulation Plan
LIC Health Plans
With medical expenses going through roof, this plan takes care of your medical contingencies and can be availed at a low premium too
- LIC JEEVAN AROGYA
LIC Customer Login
As the internet boom increases, all the companies are relying heavily on digital india for providing faster servce, addressing grievances, claims and complaints.
LIC has also jumped on the bandwagon and provide bulk of their services online.
The LIC Portal can be logged in from http://licindia.in/LICEPS/Login/begin.do
When you get a new policy document, you can even check your policy status online from the above URL
Make sure you always have the following details to get more info about your policy status
- Policy Number
- Date of Birth of the Insured
- Policy Date
- Policy term
- Email ID / Mobile no
Check your LIC Policy Status Online
- With or without registration you can check your policy status online
- A simple SMS to an LIC number gives you all the necessary information
LIC Premium Calculator
You can easily calculate the premium you are eligible to pay, using LIC premium calculator online.
For all the plans mentioned above, there are separate calculators and users can happily use it to check across various parameters such as Age, Term duration, Sum Assured, Premium to be paid etc.
Pay Premium using LIC Online Payment Service
LIC has gone digital big time.
You can login to your LIC customer portal and pay your premium online.
More can be read by clicking here
LIC Customer Care and Addresses
LIC being the largest insurance player in India, has offices and service centres across multiple places
More can be found from this link http://www.licindia.in/phone_helpline.htm
LIC Tax Benefit on Premium Payment
LIC offers tax benefits on premium payment under the Income tax act of 1961 under following sections
- Section 80C
- Section 80CCC
- Section 80DD
- Section 10 (10D)
But read your policy document carefully or ask your agent before buying, that your policy is liable for benefits under which section.