Published on Jun 1, 2019
- Go to LIC's mobile app and login with your user ID, password or with MPIN.
- Go to basic services option and click on ' claim history' option.
- Now you will see your enrolled policies.
- Click on the policy number for which you want to see the maturity date.
To apply for the loan, you need to contact your agent or the nearest LIC branch. If this sounds too much work for you, now you can apply for loan against your LIC policy online too. Not just that, if you have already taken out a loan against the policy, you can make loan repayment or interest payment online too.
To pay premiums through the insurer's website, visit and click on 'Pay Premium online' from the 'Online Services portal'. Here you will get two options: a) Pay Direct (Without login) and b) Through customer portal. This is an option for those who do not want to register with the portal.
Visit the website of LIC. On the home page, under the online services menu, click on the 'Online Loan' tab. 2. Then you are directed to a new page with two options; one for the repayment of loan or loan interest payment and another for making a fresh loan application through customer login.
You can follow any of the LIC loan repayment procedures:
- pay the interest along with the principal.
- pay only the interest and principal amount can be settled with the claim amount on the maturity.
- pay interest for a few years and repay the principal when you have excess cash.
The loan amount is given on the basis of the surrender value of the LIC policy. The maximum loan amount that can be availed will be up to 90% of the surrender value. The maximum loan amount is 85% of the surrender value for a paid-up policy. This includes the cash bonus that may be applicable to the policy.
- a. If already registered on LIC Portal: Click on e-Services, login with your user-id and password.
- b. If not registered on LIC Portal: Visit click on the tab “new User”, select your own user-id and password and provide all the necessary information.
Best Banks Which Offers Home Loans in India
| S.No | Bank Name | Market Percentage |
|---|
| 1 | SBI Home Loan | 34.00% |
| 2 | HDFC Ltd | 24.13% |
| 3 | LIC Housing | 05.83% |
| 4 | ICICI Bank | 13.10% |
The procedure for same is as given below:
- Login with user id and password on customer portal.
- Click on Pay Online.
- Select Loan Account and click on “Get Dues”.
- Amount due as on date will be shown for the selected loan account.
- Click on Pay.
- Select the mode of communication.
- How to Decrease Your Interest Payment on Your Existing Home Loan: For almost every home loan borrower, paying EMIs regularly take up at least 40% of their monthly income.
- Consider Prepaying Your Home Loan:
- Opt For a Balance Transfer:
- Increase Your EMI Payments:
Just log on to Personal Banking section of the Internet Banking site with your credentials and select the "Home Loan Int. Cert (Prov)" link under "Enquiries" tab. Then select the account for which you require a Home Loan Interest Certificate. The certificate can be viewed online, printed or downloaded in pdf.
The home is basic unit of society, but the capital required per dwelling is so large that few individuals can raise it from their own savings. So there is a great need and scope for the purpose of construction of house. The terms “Housing Finance” or “Home Loan” means finance for buying or modifying a property.
All you need to do is select the plan you are planning to avail and enter details such as your age, policy term and sum assured and click on the 'calculate tab'. You will be able to figure out the total premium.
Documents Required for Surrender LIC Policy
- Original Policy Bond.
- Download LIC Policy Surrender Form No.
- Bank cancelled cheque leaf (your name should be printed on cheque) or bank passbook photocopy.
- Fill LIC's NEFT Form, if you are not using the above said Surrender Form and submit the same.
New rules about unclaimed insurance money. Unclaimed amount is money that is due to policyholders or beneficiaries in the form of death claim, maturity claim, survival benefits, premiums refunds or indemnity claims—including accrued interest—but has not been claimed for more than 6 months since the settlement date.
290 million policy holders
Verify Certification Basic Online Verification
New rules about unclaimed insurance money. Unclaimed amount is money that is due to policyholders or beneficiaries in the form of death claim, maturity claim, survival benefits, premiums refunds or indemnity claims—including accrued interest—but has not been claimed for more than 6 months since the settlement date.
The e-services portal allows customers to view policy status, claim status, pay the policy premiums, and so on. However, the change of nomination facility is not available online yet. Changing your nominee is an important process and therefore it is advisable to visit your nearest branch to do that.
