If you hold a LIC policy, for which you had already completed
paying 3 full year premium, you shall surrender the policy and take back the
surrender value amount. You shall calculate the estimated surrender value of
your policy here. It is not always recommended to surrender a LIC policy, as
the surrender value will be at times even less than the total premium you have
paid till date.
Below are the documents required to surrender a LIC policy:
Original LIC policy bond
Cancelled bank cheque leaf with your name
printed on the cheque or bank passbook photocopy. Cancelled cheque is required,
as LIC will credit the money directly to your bank account.
LIC’s NEFT form which shall be downloaded here.
Original and a photocopy of your identity proof.
You shall reach out to the home branch of your LIC policy
and request for a surrender form (LIC Form No - 5074). Your policy can only be
surrendered at your home branch. You shall fill up the surrender form and
submit it along with the above mentioned documents. The surrender of your
policy will be processed and the surrender value would be credited to your bank
account in 5 – 20 working days.
If you hold one or more policies of LIC either on your name or
for your family members, you shall maintain all the policies into a single LIC online
account. Having an online LIC account would be helpful for you to pay the
premium of those polices, check the next due dates, get the premium paid
receipt anytime, etc.
If you already have a LIC online account, you shall add the
further policies of yourself / your spouse / children into the same account by
following the below given steps.
If you hold a policy and if you do not hold an online
account, you shall create one by clicking
here and then you shall follow the below steps to add the further policies
to your newly created account.
1. To add your own policies to your account:
If you had already created your online LIC account with one
of your policies and now if you would like to add one or more policies of
yourself, you shall login to your account by clicking here.
Once logged in, you shall click on the Basic Services -> Add New Policies menu on the left side as shown in the below image.
You shall enter the policy number you wish to add, select SELF in Relationship for your own policies or the relationship accordingly for your family members and then click on Sumbit, the policy will get added.
2. To add the polices of your Spouse &
To add the policies of your spouse or your
children to your LIC account, you have to update your profile with the details
of your spouse and children. To update your profile, got to Profile Management -> Update Profile.-> Family Information
After successful updation of your profile,
you shall follow the steps given in Step
– 1 to enroll the policies of either your Spouse or Children
brought forth a challenge for all the investors. The share market went down
drastically and the interest rates of banks are expected to go down due to the
huge inflow of money into the banks. Is there any investment in the near by future where the interest
rates are not volatile to the changing economy?
investment plans like FD and RD gives us the opportunity for getting returns at
the interest rates during the time of our deposit. Let’s look into the interest
rates provided by the SBI on Term deposits.
In the year 2012 we can see the interest rates
provided by SBI in the below table.
can see the rates for the year 2015. From these tables we can say that the
interest rates are not constant and are liable to change at any period of a
the interest rates provided by SBI are given in the above table. This was
updated in November 2016. From these tables we can say that the rates are
decreasing year by year. Is there a way to get interest rates above 8% by
investing now? Yes.
an investment plan where you can get higher returns. Hurry! Now is the time to
apply or enquire about the NEW ENDOWMENT POLICY. Let’s see what is this Endowment
policy? What are the benefits of the policy?
ENDOWMENT PLAN is a pure
investment plan with high bonus and liquidity facility incorporated. The Sum
Assured along with accrued Bonus and Final Additional bonus (if any) will be
paid at the end of the policy term. The policy term is from 12 years to 35
years. You can choose term for investment say 16 years or 20 years. The policy
term depends on the age of the person taking the policy.
you are planning an investment of Rs. 10,00,000 over a span of 16 years. For
this plan, you will be required to pay a premium of approximately 65,000
(inclusive of tax) per year or a half yearly premium of Rs. 33,000 or you can
pay quarterly or monthly payment also. Now at the end of 16 years you will be
paid a lump sum of around 17,32,000 to 20,04,000.
The perks of
this policy apart from yielding high interest are
1. Tax exemption
for the premium paid.
2. Tax free Maturity benefit: Basic sum with bonus + Final addition bonus (for policies with term above 15)
3. Loan facility
4. Accidental death and disability
benefit rider available.
In this fast paced world, everything
is being done either earlier or late. In 20th century, jobs were provided
only by government sector by which all educated people struggled till late 30’s
to get a government posting. This has changed and led by a mushroom growth of
private sector jobs, and opening of markets to foreign investments. Graduates
were settling in early 20’s itself. People who have invested in different
financial products and failed to realize benefits from them, finally give a try
with insurance products. It may take a little more time to realize the importance
of insurance. But, if you reach 40’s and then realize that insurance is
important, choices will be limited, but not exhausted.
plans will provide optimum results for people who want to start investing in
their 40’s. This pension funds will provide pension as monthly salary after the
vesting date of the policy. Pension plans are necessary as they will keep life
style intact even after retirement.
We will understand this by an example.
Mr. Gaurav Arora
Annual Income: Rs. 10 Lacs
Marital status: Married
Retirement age: 58 yrs
Based on his
requirement he can invest only for 16 years and need monthly pension for his
Given below is the recommended plan for pension.
Plan: New endowment plan
Sum Assured: Rs.18 Lacs
Monthly premium: Rs. 10,035
This policy will provide a lump sum of Rs. 36 lacs after 16 years of policy
completion. This amount can also be used to generate a monthly pension.
Monthly pension: Rs 21,240
Pension: Till death of policy holder
death of policy holder the whole lump sum amount of Rs. 36 lacs will be given
to their nominee.
policy will have tax exemptions for the premiums being paid and also the lump
sum being received. Pension received was not tax exempted and it will be added
to the income of the policy holder.
Jeevan Nidhi was promoted as flagship pension plan by LIC. But, it has many
cons compared to New endowment plan. The amount can’t be taken as lump sum,
only pension option can be opted. Tax exemption is unavailable for pension
which we receive, which will result in huge tax cuttings. The premiums paid and
returns will be less compared to New endowment plan. Taking all the advantages
into consideration, endowment plan is a breather for late enrollers of insurance,
which can still provide great returns without huge investment and risk being
insurance in 40’s is not late, if sufficient funds are being allocated and
right product was selected.
entry of a new born in the family, the responsibilities will also increase for
the entire family members especially for the parents of the new kid. This will
burden the bread winner financially in future. Planning beforehand will ease
the financial burden. LIC has introduced children’s plan taking into consideration
of children’s education and wedding requirements. Plans can be taken when the
kid is just 10 days old, and maturity benefits will start from 18th age
of the child.
fees have sky rocketed by 500% in the last decade. Higher education has became
a high income class affair. To counter this financial backlog, early insurance
on children will provide relief.
Everyone wants their children to be well educated .Parents want their children
to be engineers, doctors or CA’s. These are professional studies which need
huge amounts. The fee will at least triple in next 18 years based on inflation and
country’s economic growth rate.
We will try to understand the costs involved in pursuing Engineering after 18
Engineering college fee: Rs.8 Lacs (IIT’s)
Considering inflation prices would raise minimum 3 times, which would result in
hike of academic fees.
Based on these situations, it would as below.
Year : 2034
Engineering college fee: Rs.24 Lacs (IIT’s)
So, Rs. 24 Lacs needs to fulfill his dreams to study at premier institute like
IIT or NIT.
To make it up for this situation, Sum assured of Rs.12 lacs need to be taken
under children’s plans which will give returns in regular intervals from 18th
year and maturity benefits will be provided at the end of policy term.
Children’s policies had an exceptional feature, “Premium waiver raider” by
which premium payments will be waived off in case of parent’s demise. Policy
benefits will be provided as usually to the child.
Premiums paid will be exempted under 80C, which can save you Rs.45,000 per year
and the returns are exempted under 10(10(D)) which can save you minimum Rs.
2,50,000 at the maturity period.
Children’s plans will not only provide financial cushion for higher education,
but also will help in tax savings at the same time. Returns from LIC policies
are better than bank deposits taking tax into consideration .LIC products will
have insurance as default, which will secure families from financial
Many youngsters after settling down in their late 20's or
early 30's, start thinking over investment options. With increase in the upper
middle class, the investment segment got a huge push in the last decade. This
segment is set to grow multifold in the next 2 decades with India’s GDP growth
rate expected to be at 8% for a minimum of atleast next 5 years. Our
previous generation started evaluating their investment options only in late 40's because of their settlement age
being the late 30's. But with raise in service sector, the settlement age of
individuals got pushed down to late 20's or early 30’s. This early settlement
gave extra buffer to carefully evaluate various available options before
Buffer time gave raise to investing in riskier
segments like stock markets which were handled only by full time investors
earlier. Banking and Financial sector which
used to be a rich class affair, now has become a middle class part time job due
to hybrid financial products like mutual funds and ULIPs. The wider financial portfolio to park their income has
led them to greater confusion. This needs to be solved by carefully examining
the available funds, risk, target of investment and available opportunities in investment. All the earning class need to invest in plans not only to secure their family from financial
instabilities but also to gain better returns based on their risk appetite. For a low risk taking customer, fixed deposits and
recurring deposits would be luring. But insurance can provide them better
returns with assured financial
security for family. In a developing country like India, the GDP growth
rate should be constantly clocking 7% plus to make it a developed nation. To
attain this status, RBI needs to cut bank rate constantly so that economic
activity gradually improves. To keep the growth rate intact, base rates will be
reduced and Fixed Deposit (FD) rate may reach as low as 4% within 5 years. From
January 2016 to October 2016, base rate of banks were down from 7.75% to 6.25%.
This will be directly reflecting in banks’ lending and borrowing interest
rates. This will also impact the FD and RD rates of customers who are opening
new FD & RD accounts. Though the FD and RD rates won’t be changed for
the existing customers, customers will face the heat during renewal. The
reduction of interest rate by 1.5% within 10 months is just a starting point
for rate cuts and it would continue. The
customers who think of investing in FD’s or RD’s which are poised to provide
you only 5.5% to 6.0% will be a concern even for the low risk customer segment.
But most of the insurance products deliver 7% interest rate along with life
cover. People who invest in FD’s have the money locked in it
only for 5 years. Those who open new FD accounts in future would get less than
4%. This is only half of the returns provided by most of the traditional
insurance products. Insurance has become a smarter choice over
banking to investment due to base rate cuts which is being done every quarter
Loan can be availed on LIC products
after completion of 3 years policy term. This feature is available with New
endowment plan, New Jeevan Anand, Single Premium Endowment Plan, New Bima
Bachat, New money back plan, Jeevan Labh, Jeevan Lakshya and New Bima Diamond.
Loans won’t be given on children’s plans, pension plans, ULIP plans and terms plans.
For policies with 10 or more than 10 years of premium payment term, 3 full year
premium should have been paid for the policy to be eligible to take a loan. For
policies with less than 10 years premium payment term, 2 full year premium
should have been paid.
Loan limit can be checked in the below
This amount has arrived by taking the
last 15 years bonus history of LIC and this is just a approximate value.
Surrender value can be calculated from
As a standard rate 80% of the
surrender value can be taken as loan.
Interest charged on loan against policy was pegged flat 9.5% per annum which
would be compounded annually.
The borrower will be given two options
for loan re-payment.
1. He/she can repay loan with his own
funds and continue the policy. This has to be paid before the policy term ends.
2. He/she can complete the premium payments and maturity amount will be given
after loan deductions.
The loan value arrived would be too low if the sum assured is less or if loan was taken as early as 3rd
year because the surrender value would be very less and loan value will be
still lower .So, taking loan when policy nearing maturity or taking higher sum
assured will get you higher loan value.
Policyholder needs to submit a letter requesting for loan in home branch LIC,
along with bank details to which the loan amount would be transferred through
NEFT. This usually takes 7-10 days to release loan amount.
If you had activated the ECS or direct debit payment mode on
your LIC policy, the premium will be debited from your bank account on a specified
ECS date. But unfortunately, the ECS for your policy may fail due to reasons like
insufficient funds in your bank account. If your ECS has failed, your next ECS
due will not also be debited from your bank account until you pay your pending
due to the current ECS failure.
paying the due amount of your failed ECS, you shall pay the outstanding due
with any late fees and bank charges by visiting any of the LIC’s branch
offices. It’s not necessary that you have to go to your home branch office. You
shall pay it as Cash or Cheque towards – Life Insurance Corporation of India.
Once you had paid the pending due at any of the counters, your next due ECS
would go normal.
if you are paying premium for your LIC policy on monthly premium payment mode
through ECS from your bank account and your policy premium due date is 13th
of every month. In this case, your monthly ECS date would be 15th of
every month. So, your policy premium would be deducted from your bank account
on 15th of every month or if 15th is a bank holiday, then
premium would be deducted on the next working day. If the ECS has failed for a
particular month, then you shall pay your pending dues within 28th
of the same month without any late, since 15 days of late fee free grace period
are given for all the LIC policies with monthly premium payment mode. Still,
you will have to pay the bank charges of Rs.125 for the ECS failure. If you are
paying the pending due post 28th of the month, you will have to pay
the next month due in addition with the current month due. So totally, you have
to pay 2 month due at once along with the late fee for the current month due
and the bank charges.
“Better late than never” suits perfectly for policies on
children. Child policies have an entry age limit of 13 – 14 yrs based on
company or policy. Child policies are targeted at providing funds for the
higher education or marriage needs of the child. Life Insurance Corporation of
India was the only insurance company till the year 2000, before the Indian
government had opened insurance market for private players. This move has
revolutionized the insurance industry, leading to the creation of customized
child insurance products based on customer specific needs. FDI has opened the
gates for innovation in insurance products which were successful in western
countries. Most of the western world’s players had entered the local Indian
market in collaboration with local players. These players introduced new
products in the Indian insurance market.
a standard format of paying premium for their products in tranches for 15+
years and the policy holder used to receive the lump sum maturity amount only
at the time of policy maturity. These products have only life cover as their
default feature. This structure has changed with the entry of private players.
2 products in its portfolio customized for child’s future needs. Jeevan Tarun
and New Children Money Back plan are children specific plans with different
premium payment periods and maturity periods. Jeevan Tarun has four different
sub-options with in it and has a 5 year reduced premium payment term. In New
Children Money Back policy, premium needs to be paid till the maturity period.
Purchasing child policies at an earlier stage would help in accumulating a
larger chunk of money with minimal spend from your budget every month.
insurance has a value added, unique feature called the Premium waiver Benefit
rider. This rider would be optional and can be opted by paying some additional
premium in some of the products and it would be available by default in some of
the policies. This rider would waive off the future premiums to be paid for the
policy, in case the proposer (parent) expires before the policy gets matured.
This would not be applicable to the other parent if the other parent is not the
Jeevan Tarun and New Children money back policy will provide financial security
to children in case of parent’s death. The financial benefits will be provided
when the children complete their 18th age. These benefits will be
provided at regular intervals till they complete 25 years, so that their higher
education and marriage needs are fulfilled. Considering the merits of child
policies, these have an edge over the bank deposits, as these child insurance
products provide almost equal returns compared to other investments and also
provide secured career to the child even if the parent expires.
that arises, when anyone hears the word “INSURANCE” or “POLICY” is “Why should
I take insurance?”. This article is an introduction to series of blogs which
will educate an insurance naive. The next articles will focus up on suitable
plans for appropriate age groups.
Insurance is unlike, any other financial instrument that provides short term
returns. Many people compare insurance as their investment option. The
comparison finally leads to loss of insurance and wining of Mutual funds in
this unequal chase. This comparison is
like a running race between fish and a fox, which is completely irrelevant.
a financial instrument that safeguards the financial interests of the family in
the absence of the sole bread winner. People consider insurance as unnecessary
money sucker as they are unaware of the benefits or they are mis-educated about
the products. This stereo typing happened due to term plans, which won’t return
any benefits if policyholder survives.
insurance market has changed with the entry of endowment plans, which will
provide maturity benefits if the policyholder survives. These policies paved
path for many hybrid policies, which were now being targeted based on the age
groups and their requirement.
which was born with an aim of providing financial security is now equipped with
an investment feature with new age structured policies. As they were basically
targeted for insurance the returns provided on survival will be little less
compared to investment options like MF’s, stocks and Bank FD’s. This is negated
by the life cover that no other financial instrument is providing.
insurance as an investment option is a right move for low risk profile individuals.
Tax benefits provided under 80 ( C ) and 10(D) are unique to insurance, which will
provide an edge over low risk financial products like Bank recurring deposits.
who are interested in taking risk were also accommodated in insurance segment
with the help of ULIP’s (Unit Linked Investment Plans). These plans will
allocated 1/8th of premium to insurance and rest in stock markets. Variety
of funds were available for selection and can be chosen by policyholder
himself. In case policyholder faces confusion, fund managers will guide based
on their risk profile. Risk profile is being determined by giving questionnaire
to customer. Funds are allocated based on customers preference and can be
swapped if needed. This instrument gives an option to invest in insurance and
stocks at the same time.
has became a wholesome financial instrument, which can cater to the requirement
of all segments of individuals. Besides reducing the risk of financial liability
in case of risk, insurance also provides a chance to raise funds for future
needs. These options make insurance a mandatory item in every individual’s
LIC has been reinventing
itself and offering a variety of products to cater multiple sections of
customers. In their effort to boast the portfolio, LIC has already introduced
three policies in this calendar year 2016.
Bima Diamond was the fourth plan launched this year on 01st
September. This is named as Diamond on the occasion of LIC’s Diamond jubilee
.The product is available for sale only till August 31st 2017, only in
its Diamond jubilee year. LIC created this product to make its Diamond Jubilee
year a revamp for their success story and the response was huge as expected.
What so special?
LIC creates policies based on target segments like Jeevan Tarun for children,
Jeevan Akshay for pension seekers and Money back plan for immediate payment seekers.
But, for the first time in LIC history, they have introduced a plan which can
cater all section of customers.
A Plan which gives extended life cover, limited payment period, money back and
extended lapse period.
Extended life cover:
No other policy except Jeevan Anand has extended life cover in LIC. Jeevan
Anand’s only USP is it’s extended life cover and has de-merits with low return as
premium payment cover 125% of sum assured ,while other plans will have 85-100%
based on policyholders age.
Bima Diamond gives 50% Extra life cover on policy term. It provides 36 years
life cover for 24 year policy term (24 years* 1.5 times= 36 years). Similarly
20 years policy will have 30 years life cover and 16 year policy will have 24
years life cover.
Limited payment period:
Most of the people want to invest for few years and get the benefits later,
Bima Diamond is perfect fit for people like them. In this plan payment term is
only 60% of the policy term.
payment term (Years)
provides money back for every 4 years till policy term ends. Given below the
tabular representation of money backs for different policy terms with money
% of Sum
Assured to be paid
Extended Lapse period:
All the LIC
policies have a default lapse period of 6 months. Let us understand with an
example. Consider Ram’s payment is due for 30th October 2016.If Ram
didn’t pay his premium in the next 6 months ie., before April 30th
his policy will get lapsed and his life cover ceases. If he wants to revive the
policy he need to provide fresh set of documents and undergo whole process
again to continue the policy.
But in Bima Diamond lapse period is for 2 years. So, taking the above example,
Ram can get life cover till 30th October 2018, even when his due
date is 30th October 2016.
All these features make Bima diamond one of the best policies ever launched by
1. LIC New Jeevan Anand is the combination of two policies.
Limited period endowment part
Whole life Term insurance part
2. The premium paid towards Risk never increases.
3. 125% Sum Assured on claim
4. Gives two bonuses.
5. Right after the maturity of the LIC New Jeevan Anand
policy, the “whole life term policy” starts and the advantage is that the
policy holder need not pay the premium from here. LIC itself pays the premium
on behalf of the customer towards the “term insurance”.
6. Term insurance part lasts till the policy holder gets 100
7. If the policy holder is alive even after his 100th age,
the entire Sum Assured is given back to the policy holder.
8. The policy holder receives returns twice – once on the
date of maturity and next on the completion of his/her 100th age or on death
9. The premium paid under this policy is 100% tax-free.
10. This policy offers double accident benefit rider.
11. Loan and surrender facilities are available on the
successful completion of 3 years of the policy term.
12. Available for NRIs and foreign national of Indian
13. Assignment and nomination facility available.
14. Premium payment modes available include yearly,
half-yearly, quarterly & ECS.
LIC New Jeevan Anand is one of the utmost sold endowment
plans of LIC, which offers Risk Cover even after the maturity up to 100 years
of age. But, is it really nice because your insurance agent tried to sell it
for you, or your co-worker suggested you to go for it, or just because you want
to take an insurance policy? Whom is this policy actually for? When is the
right time to purchase it?
Insurance is for everyone who earns. But, it is not
something which is to be purchased thoughtlessly without any preceding
research. People always get mixed up with which insurance they must go
for when they compare between Term Insurance & other insurance products. It
is at all times suggested to go for Term Insurance as it is the “real form” of
People buy Money Back plans and other savings plans to
multiply their money with the time. But, in case the bread winner of the family
expires, there would be a huge financial burden on the family. So a term
insurance is the only insurance which is intended to give that vital “emergency
fund” to that family.
In case you already hold a term insurance plan, and planning
to take another insurance plan, then you can go for Money Back plans.
In majority of the cases, policy holders do have those
policies which are intended for investment purposes like LIC New Money Back
Policy, LIC New Jeevan Anand Policy, etc. If you are one of those who already
hold policies taken for savings and investment purposes, now is the time for
you take a Term Insurance too. How much cover should I take when planning to
take a term insurance? The estimated life cover can be calculated by
multiplying your annual salary with 15 times.
After having such a “well planned” term insurance, you can
take LIC Jeevan Anand plan now. The main advantage of taking LIC New Jeevan
Anand policy is that it is a with-profits plan and it provides life insurance cover till you become 100 years old. When LIC makes profits, it
announces bonuses for certain policies and LIC Jeevan Anand policy is one of those
policies on which LIC declares the bonuses. LIC Jeevan Anand is a good returns policy.
LIC New Jeevan Anand is a whole life insurance with investment plan. In this policy, you shall invest on a regular basis for a specified number of years till the maturity date. On maturity, the Sum Assured with Bonus and the Final Additional Bonus, if any would be paid to the policy holder. But still even after receiving the maturity, the whole life equal to the sum assured will exist for the policy holder till the end of their life. If the policy holder survives till the end of his / her 100th age, then the sum assured would be provided to the policyholder. In case, if the policy holder expires before completing their 100th age, his / her nominee would receive the sum assured amount.
You shall calculate the premium and maturity returns of New Jeevan Anand policy here.
LIC Amulya Jeevan (Table - 823) is a term life insurance plan which
provides financial protection to your family in case of unfortunate
demise. The policy should be having a minimum sum
assured of 25 Lakhs.
Sum assured lesser than 25 Lakhs can be taken in Anmol
You get good Sum Assured at very low priced premium. In
the event of policyholder’s demise, the cover taken is paid to the
There is no maturity benefit in LIC Amulya Jeevan- 2 as
it’s a pure term life insurance plan.
LIC term insurance premium calculator shall be availed here.
Service Tax is applicable on the premium paid for this policy, at the rate of 15% (as per the current service tax rate) of the premium paid every year.
Policy term - 5 to 35 years
Age of Policy holder - 18 to 60 years
Maximum age at maturity - 70 years
Term insurance is the purest form of insurance, in which the insured person will not get any maturity benefits if he/she survives the policy term. Consider if a person takes a term insurance plan for a period of 20 years. He has to pay the premium for the 20 years based on the premium payment mode chosen. If the person survives till the end of the 20 years, he would not get any money back. Else if the person expires before the completion of that 20 years, then the insurer would provide the sum insured to the nominee and the policy would be closed.
If you had purchased a LIC policy, you shall maintain the details of that policy, get to know your next due date or pay your premium using your online account. To register your policy details and create your online account, follow the below steps:
1. Go to LIC's registration page - https://ebiz.licindia.in/D2CPM/#Register and fill up your policy No, Installment Premium, your Date of Birth, Mobile No, Email ID and Gender. The installment premium should be the premium excluding your Service tax. Your Date of Birth should match with that of your policy.
2. Once you click on Proceed, you details will be validated and if its successful, you will asked to enter your password of your choice.
3. After providing a valid password, your account will be successfully created and you will be taken to your account home page.
You would be paying your LIC policy premium either offline at the cash counters or through online payment or with ECS. If you are an Income Tax payer, you would need the premium paid statement for the current financial year at the time of your income tax filing with your employer or with the Income Tax dept.
If you had paid your premium through online mode on www.licindia.in, you would have received the receipt to your mail immediately once you had made the payment. You shall make use of those receipts for income tax exemptions. If you do not have the receipt with you, you shall generate the receipt again as per the below process.
If you had activated ECS payment mode for your LIC policy, the policy premium would be automatically deducted from your bank account on the due date. You would not have received any receipt for such payment through ECS mode. You shall follow the below steps to generate the consolidated premium payment receipt.
You shall generate these receipts directly online whenever you need it if you had registered your policy and you maintain an account on LIC's official site www.licindia.in. If you had not yet registered your policy and created an online account, please follow the steps here and create an account.
If you hold a LIC online account and if you want to enroll or add few more policies of yourself or of your family members to your existing account, click here.
If you have already registered your policy, follow the below steps to generate your premium paid statement:
1. Go to your LIC login page in the url - https://ebiz.licindia.in/D2CPM/#Login