What happens if I pay LIC premium twice?

What happens if I pay LIC premium twice?

Duplicate payment made through Bill Pay will be refunded to our service provider to be credited back to Policyholder’s account. The refund process shall take 6 to 8 days.

How can I claim my LIC policy back online?

Process of various services and online forms: The requirement for the claim are as given below: Claim Form ‘A’ in Form No.3783. If policy has run for 3 years or more from date or risk, claim form no.3783A may be used. Certified extract from death register.

Which is the best online payment for LIC premium?

LIC Premium Payment with Paytm LIC policy premium can be paid with Paytm either by Paytm app (android & apple) or Paytm website. Step 1: Open the Paytm app or website and log into your account. Step 3: Select the ‘LIC/Insurance’ icon.

Can we pay LIC premium in installment online?

A policyholder can repay his/her outstanding Policy loan and loan Interest Payment online without visiting the servicing branch. The option is available in CUSTOMER PORTAL under Online Payments Tab.

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Can I pay LIC premium in advance?

You can make the advance premium payment only 30 days before the due date of your active policy. For some term plans, the advance premium payment can be accepted 15 days in advance (before the due date).

How can I get LIC maturity amount online?

Step 1:The insured needs to visit the official website of LIC. Step 2:On the home page, the user can select the option of “New User.” Step 3:In the next step, he can fill up his personal details such as name, date of birth, policy number, mobile number, email address, etc.

How can I get my money back from LIC policy?

The LIC new money back policy can be surrendered only after it accrues cash value after payment of 3 years of premiums. If policyholders stop paying the premium, the policy ceases to exist. Nevertheless, if premiums have been paid for three years, a paid up value is accrued for a reduced sum assured.

How can I withdraw my LIC policy after Maturity online?

Documents Required for Maturity Claim Discharge

  1. Original LIC Policy Document.
  2. Identity Proof.
  3. Age Proof (if not submitted previously)
  4. Cancelled Cheque leaf or a copy of the Policy holder’s Bank Passbook.
  5. NEFT Mandate Form (to transfer the maturity proceeds directly to the policyholder’s account)
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Is there any discount on LIC premium online?

Public sector insurance companies will provide incentive, by way of discount or credit, upto 10\% of the premium in general insurance policies and 8\% in new life policies of Life Insurance Corporation sold through the customer portals, in case payment is made through digital means.

Who is the owner of LIC?

Ministry of Finance , Government of India
Life Insurance Corporation of India (abbreviated as LIC) is an Indian statutory insurance and investment corporation….Life Insurance Corporation.

Yogakshemam Vahamyaham
Type Statutory Corporation established by an Act of Parliament- LIC Act 1956
Owner Ministry of Finance , Government of India

How can I check my LIC installment premium without tax?

They are:

  1. Step 1: Visit the LIC’s official web portal i.e.,
  2. Step 2: Find the ‘premium calculator’ tab.
  3. Step 3: Click on the premium calculator tab.

How much money will I get if I surrender my LIC policy?

If you surrender after 3 years, the surrender value will be around 30\% of the premiums paid, excluding the premium paid in the first year and the premiums paid towards accidental benefit. So, the later the policy surrendered, the higher will be the LIC surrender value.

Is it safe to pay LIC premium online?

Whether you make a LIC premium payment online through debit card, credit card or net banking, we ensure you safe & secure transaction every time you visit us. LIC policyholders can pay their premium anytime & anywhere from the convenience of their own place either through desktop, PC or mobile as per your choice & suitability.

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How does LIC credit card points/cashback work?

Now, every time your LIC premium payment is made, you’ll get the points/cashback as per the terms and conditions of your credit card. As long as you’re paying off your credit card in full every month, there will be no interest charged.

Which credit card do you use to pay LIC Bill?

I generally use my HDFC credit card (Register and Pay) get a nominal cash back and CC points. hope LIC add pay with payTM wallet or mobikwik wallet or some popular options in future, as paying with payTM wallet is the easiest and fastest option now ALso that save money due to frequent cashback options.

How to make LIC online payment through Paytm?

To make LIC online payment through Paytm, you just need to follow a few short steps and you will be done with the LIC payment. You no more have to commute to nearby LIC centre and stand in the long queue to get your LIC premium payment done.