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  • With time LIC too has modernized, so checking your policy status time to time is as important as buying the policy itself, as per this Bustle and hustle of today’s life it’s too likely to miss out on premium payments and sometimes even the grace period goes unnoticed. So to get rid of this you need to check your life insurance policy and stay updated with upcoming premium payments.
  • Now you can check your LIC Policy status online, with just a few clicks from your computer and even you can also pay yourLIC premium online through different Net banking and Debit card options offered by LIC. This made life easier for the innumerable LIC policyholders all over the country
  • How to check LIC policy status online
  • LIC Policy Status Online Check:

  • Step: 1 go to the LIC website, you can view ‘New User? Click here’ option to the right side of your page. click on it.
  • Step: 2  Now enter your policy number, installment premium amount of your LIC policy and DOB
  • Step: 3  it will direct you to next page, where you have to enter the password to create your new LIC Policy account and make sure that your password consists at least 8 characters long at least with 1 numerical.
  • Step: 4  After creating your password, your new account will be ready you can also receive an email containing the Login ID and Password details for this account.
  • Step: 5  Now, Login to your LIC website using your account details, for that go to the
  • Step: 6 go to the LIC website once again, click on the ‘’Online Service” to the right side of the homepage
  • Step: 7 here it will direct you to a new page, click on ‘Register” option
  • Step: 8 now, here you need to enter Login ID and Password of the new LIC account, after entering the details click on “GO”button
  • Step: 9 that’s it!!! your LIC status will be on the screen

What is Surrender Value?

  • It is the value payable to the policyholder when they are planned to dismiss the policy before the maturity of the policy.
  • This amount is payable only if all the premiums are paid for minimum if three years.
  • If you have paid your premium more than 4 years and you wanted to get surrender with the policy then you will be paid 80% of Maturity Sum Assured as surrender value.
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  • You can assure for 100% of Maturity Sum Assured if you paid premiums more than 5 years.
  • If the policy holder surrender the policy before the date of commencement (i.e., before 3 years) then there will be no Maturity sum Assured will be paid.
  • Maturity Sum Assured:
  • Means the sum assured conforming to the period for which premiums have been paid under the policy.
  • LIC Maturity Status:
  • This LIC Maturity status depends on the type of plan chosen. To get the maturity policy you need to get ready the following documents.
  • Original bond of the policy.Revenue stamp of RS.1 /-NEFT form which should be dually signed with cancel cheque so that maturity policy process will be directly transferred to policyholders itself.LIC Loan Status:
  • LIC India can provide a loan for LIC policyholders on their policy with the following terms and conditions.
  • Here are the few requirements to grant the loan has mentioned below:
  • Policy will be allocated completely in favor of the corporation.Application for loanReceipt of the loan amount.
  • The maximum amount of the loan will be accessible under the policy is 90% of the surrender value of the policy which includes cash value of the bonus.
  • 9% will be charged on loans at a rate of interest which should be paid half – yearly.
  • The minimum period for allowing the loan is 6 months from the date of its payment.