How To Download LIC Premium Receipt Online?

How to Download LIC Premium Receipt Online?

What would you do if you lost the hard copy of your LIC receipt? What if you have not received it in your email? You don't have to worry about such cases. There is a way through which you can still download the LIC premium payment receipt online.

Customers of LIC can conveniently pay their premiums online. After making a premium payment on the company's website, customers can easily receive their consolidated premium paid statement by visiting the company's official website.

Customers who pay premiums for LIC plans can get their receipts online. Customers can also access the company's website to receive a consolidated Premium Paid statement for each policy they've purchased. You must first register for LIC e-Services to download the LIC receipt for online payment or the consolidated statements.

After purchasing a life insurance plan, the policyholder has to pay a certain amount to the insurer during a specific period. Policyholders might have to pay it monthly, quarterly, semi-annually, yearly (regular premium), or just once at the very beginning while purchasing the policy (single premium). This amount paid by the insured to get cover for risk from the Corporation is called the premium.

Benefits of LIC e-Services

Since the introduction of LIC e-Services, individuals can avail of numerous features from the comfort of their own homes. A few of those activities include:

• Checking the status and schedule of the policy
• Paying premiums online
• Checking the status of loans and claims
• Generating policy revival quotations
• Viewing the policy and proposal images
• Checking premium due dates to avoid policy lapse
• Adding and enrolling policies and checking policy claim history

There are two ways to get the LIC policy receipt: offline and online. In the case of offline, you have to visit the office. However, by using the online medium, you will get the payment receipt instantly to your registered email ID.

What to Do if You Lose or Do Not Receive the LIC Premium Receipt?

There is a chance that you may have misplaced the receipt or not received it on your email ID. But you know the importance of an LIC receipt, especially at the end of the financial year. You may require this LIC payment receipt as proof that you paid the premium and to avail tax benefits.

That's why you need to understand the whole concept of downloading the premium payment receipt online.

Steps for LIC New User Registration and Login

Before directly downloading the LIC premium payment receipt online, you should create a login account for yourself. Hence, first, you need to understand the steps required for the LIC new user registration process.

Step 1: Visit the LIC Homepage

Visit the LIC homepage and click on the "LIC e-Services" link available under "Online Services".

Step 2: Click on "New User"

Click on the "New User" tab.

Step 3: Provide Policy and Communication Details

At this step, you have to provide the policy details and your communication details, which include your email and mobile phone numbers. All fields are mandatory here. Make sure you are providing valid data that matches your LIC policy.

Important Notes for Registration

• Provide a valid policy number.
• Make sure that the installment Premium is without service tax.
• The Date of Birth format should be dd/mm/yyyy.
• Submit the mobile number and email ID that you are currently using and intend to retain for long. Once you register, all future communication will be shared with you on this mobile number and email ID.

Step 4: Create User Name and Password

After clicking on the "Proceed" tab, the page will redirect you to the screen where you have to provide the User Name and Password of your choice. The registration process is now complete. Keep in mind that the User ID and password should contain letters, alphabets, and two special characters: dot (.) and underscore (_).

Interested policyholders can enroll themselves and their minor children. When a minor changes to major, the person has to create a new account in the major child's name. If the policy is related to a different person (e.g., spouse, children), then he/she has to create a different user ID and enroll the policy/policies under that user ID.

After that, you have to log in to the LIC portal by clicking on "Registered User". Now, you can add the LIC policies that you are holding.

After creating the login, if you later purchase new policies, simply fill out the "Addendum to Proposal Form for LIC e-services".

You can also download the Addendum to Proposal Form for LIC’s e-services. This covers how a new user can register on the LIC portal. Now, let us move to the main topic of this post.

How to Download LIC Premium Payment Receipt Online?

To download the LIC premium payment receipt online, you need to be a registered user of LIC’s e-Services.

Steps to Download the LIC Premium Payment Receipt Online

Step 1: Visit LIC Homepage

Visit the LIC Homepage and click on the "LIC e-Services" link available under "Online Services".

Step 2: Click on "Registered User"

Click on the "Registered User" tab, as you are already a registered user.

Step 3: Submit User ID and Password

Submit your User ID and Password. If you forget your User ID and Password, you can use the link provided for the same.

Step 4: Welcome to LIC e-Services Page

Now you will be directed to the Welcome screen of the LIC e-Services Page.

Features of LIC’s e-Services

With the help of LIC’s e-Services, you can easily perform the following activities:

• Check the policy schedule.
• Check policy status.
• Check claim status.
• Check loan status.
• Generate policy revival quotation.
• View policy and proposal images.
• Pay the premium online.
• Check the Premium Calendar.
• View policy claim history.
• Change Password.
• Update Profile.
• Add or Enroll policies.

Along with that, you can also easily download the LIC premium payment receipt online.

Step 5: Select Statement Type

Click on one of the two options available: "Consolidated Premium Paid Statement" or "Individual Policy Premium Paid Statement".

• Consolidated Premium Paid Statement: With this, you can download the premium paid statement of all your policies.
• Individual Policy Premium Paid Statement: By using this, you can download the individual policy premium paid statement.

Step 6: Choose Financial Year and Policy Number

At this step, you have to choose the Financial Year. In the case of an Individual Policy Premium Paid Statement, select the policy number to download.

Step 7: Download or Print Receipt

At this step, you can download the PDF version of the receipt or print it. You can use this as proof of your LIC Policy Premium Paid Receipt.

This is how you can easily download the LIC premium payment receipt online.