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You will have to do this work to settle claims on time otherwise your LIC Policy money will be stuck, see details

The insurance agency said that the policyholders ought to give Bank Account Details (NEFT) for settlement of cases with no obstacle. If non-accessibility of bank account, there will be inconvenience in policy maturity cash or claim settlement.

There is enormous information for the policyholders of Life Insurance Corporation of India ( LIC ), the country’s biggest insurance agency . A LIC has requested that through a notice make important strides for ideal settlement of cases. The insurance agency said that the policyholder ought to give bank account subtleties ( NEFT ) for settlement of cases with no hitch.

In the event of non-accessibility of bank account, there will be inconvenience in policy maturity cash or claim settlement. Allow us to let you know that LIC has quit paying with a money order. The insurance agency currently straightforwardly moves cash to the policyholders’ bank account. In such a circumstance, link your LIC policy with your bank account. Any other way the case cash will stall out.


Initial public offering might open on March 10-The IPO of the country’s biggest insurance agency Life Insurance (LIC IPO) may open on March 10. The organization’s IPO will open on March 10 and may close on March 14. Its issue cost could be Rs 2,000-2,100.

The government had presented the draft paper of LIC on 13 February. The government is selling 5% share in LIC through IPO. 31.6 crore offers will be presented under LIC’s IPO.

Process of linking Bank account

LIC requests that policyholders check their policy documents for maturity date or endurance date. Fill the NEFT command form by visiting your closest LIC office. Click on https://licindia.in/Marquee-Links/Download-NEFT-Form.aspx to download the NEFT form.
Append a duplicate of the dropped check or bank passbook with this form and submit it. Following seven days your policy will be connected to your account. After this any cash got from LIC will come straightforwardly to your account.
As per LIC, precise and get payments can be produced using anyplace with next to no additional expense. All online payments are liberated from any extra charges. With the expectation of complimentary e-administrations, one can enroll on the LIC's client gateway on the organization's site.
Submit the case release form and policy document. Submit KYC and update home location, mobile number, email ID and so on

Process to claim settlement

Policyholders can SMS LICHELP to 9222492224 or email licclaims@licindia.com.
Contact your representative/branch with every one of the imperatives for quick case settlement. Aside from this, call focus administration can be called 022-6827 6827. Download the LIC mobile application 'MyLIC' on your phone or visit licindia.in.
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