LIC Guide 2026 — Everything a Policyholder Needs, Free
Free guides for all LIC policyholders — check policy status, pay premium online, calculate premiums, claim maturity amount, surrender policies, and compare plans. Plain language, no jargon, updated June 2026.
India has over 300 million active LIC policies — and yet every year, thousands of policyholders quietly forfeit maturity amounts simply because they didn't know they had to initiate the claim themselves. LIC won't always call you when your policy matures. The portal at licindia.in has genuinely improved, but it's still confusing enough that people pay agents ₹500–1000 to do things that take five minutes once you know where to click. I built this section so you don't have to figure it out alone.
— Sibin O, Founder, NagrikIQ · Last verified June 2026
Check LIC Policy Status
Most SearchedCheck your LIC policy status online via licindia.in or SMS. View premium due date, sum assured, bonus, and maturity date.
- ✓ Login at licindia.in
- ✓ SMS: ASKLIC to 56767890
- ✓ No agent needed
- ✓ Instant policy details
LIC Claim Status
Top SearchTrack LIC death claim or maturity claim status online. Documents needed, 30-day settlement timeline, what to do if claim is rejected.
- ✓ 98.6% claim settlement
- ✓ Track at licindia.in
- ✓ 30 days for death claim
- ✓ 5–7 days for maturity
LIC Premium Payment Online
Quick GuidePay LIC premium online via licindia.in, BHIM UPI, net banking, or credit/debit card. No login needed for quick pay.
- ✓ Pay without login
- ✓ UPI / net banking / card
- ✓ Auto-debit setup
- ✓ Instant receipt download
LIC Premium Calculator
Interactive ToolCalculate estimated LIC premium for Jeevan Anand, Tech Term, New Endowment, Money Back plans. Enter age, sum assured, term.
- ✓ Jeevan Anand / Tech Term
- ✓ Endowment / Money Back
- ✓ Annual / monthly modes
- ✓ Free, no login
LIC Maturity Claim
Get Your MoneyHow to claim LIC maturity amount — documents needed, online vs offline process, timeline, and how to get paid directly to bank.
- ✓ Claim online or offline
- ✓ Direct bank transfer
- ✓ 5–7 working days
- ✓ Documents checklist
LIC Surrender Value
Policy ExitHow to surrender your LIC policy early. Guaranteed vs special surrender value, penalty, and when it makes sense to surrender.
- ✓ After 3 years only
- ✓ Guaranteed surrender value
- ✓ Penalty: 30% of premiums
- ✓ Step-by-step process
LIC Maturity Calculator
Interactive ToolEstimate how much your LIC policy will pay at maturity — sum assured + bonus + FAB. Year-by-year growth table for all plans.
- ✓ All 7 LIC plans
- ✓ Year-by-year bonus table
- ✓ Surrender value estimate
- ✓ Free, no login
LIC FAQ — 60 Questions
Quick Answers60 most-asked LIC questions answered — policy status, premium payment, maturity, surrender, login problems, tax, and more.
- ✓ Searchable Q&A
- ✓ 8 categories
- ✓ Plain language answers
- ✓ Featured snippet optimised
LIC Forms Library
DownloadsAll LIC forms explained — Form 3825 (maturity), 3784 (death claim), 5074 (surrender), 3756 (lost bond), 3512 (loan) and more.
- ✓ What each form is for
- ✓ How to fill it
- ✓ Where to submit
- ✓ Direct download links
LIC Jeevan Labh (Plan 936)
Higher ReturnsLimited premium endowment — pay for fewer years, earn for the full term. Bonus ₹54/₹1000 SA — higher than New Endowment. Most searched LIC plan.
- ✓ Plan No. 936
- ✓ Pay 10/15/16 years only
- ✓ Bonus ₹54/₹1000 SA
- ✓ 16 / 21 / 25 year terms
LIC New Endowment Plan (914)
Top PlanLIC's most popular savings + insurance plan. Death benefit, maturity benefit, bonus rates, eligibility and how to buy.
- ✓ Plan No. 914
- ✓ 12–35 year term
- ✓ Bonus + loyalty addition
- ✓ Safe + guaranteed returns
LIC Tech Term Plan
Pure InsuranceLIC's cheapest online term plan. ₹1 crore cover for ₹700–900/month. Who should buy, features, exclusions, claim process.
- ✓ ₹1 crore cover
- ✓ Online only — cheapest
- ✓ No maturity benefit
- ✓ Claim settlement 98.6%
LIC Login & e-Services
Account AccessRegister and login at licindia.in to view all policies, download premium receipts, update KYC, nominate beneficiaries.
- ✓ Register at licindia.in
- ✓ View all linked policies
- ✓ Download receipts
- ✓ Update nominee / KYC
LIC — Everything a Policyholder Needs to Know
About LIC
Life Insurance Corporation of India (LIC) is India's largest insurance company, owned by the Government of India. Founded in 1956, LIC has over 300 million policies in force and manages assets exceeding ₹40 lakh crore. With 2,000+ branch offices and 1.3 million agents, LIC is accessible in every district of India. Its claim settlement ratio of 98.6% is among the highest in the industry.
Types of LIC Plans
LIC offers several types of plans: Endowment plans (savings + insurance, e.g., Jeevan Anand, New Endowment Plan 914) give a lump sum at maturity or death. Term plans (Tech Term, Jeevan Amar) provide pure life cover with no maturity benefit — the cheapest option for protection. Money Back plans pay periodic returns during the policy term. ULIPs link returns to market performance.
Tax Benefits
LIC premiums qualify for deduction under Section 80C of the Income Tax Act — up to ₹1.5 lakh per year. The maturity amount received under most LIC endowment and money-back policies is fully tax-exempt under Section 10(10D), provided the annual premium does not exceed 10% of the sum assured. Term plan premiums are also deductible under 80C.
LIC Digital Services
LIC's e-services portal at licindia.in lets policyholders check policy status, pay premiums online, download premium receipts, view policy bond, update contact details, register nominees, and track claims — all without visiting a branch. The LIC mobile app (available on Android and iOS) offers the same services. SMS service (ASKLIC to 56767890) provides instant policy information.
Common LIC Mistakes (and How to Avoid Them)
❌ Mistake: Paying LIC premium through an unofficial app or third-party
✅ Fix: Pay only through the official LIC portal (licindia.in), YONO SBI, or your bank's bill payment service. Several third-party apps add convenience fees of ₹20–50 per payment unnecessarily. The official site accepts UPI, net banking, and cards directly.
❌ Mistake: Not nominating correctly — or at all
✅ Fix: If a policyholder dies without a valid nomination, the family must go through a lengthy claim process involving legal heir certificates. Update your nominee immediately — you can do it online via licindia.in under 'Nomination Update'.
❌ Mistake: Surrendering a policy in the first 3 years
✅ Fix: Surrendering before 3 full years of premiums paid gives zero surrender value — you lose everything paid. After 3 years, you get a Guaranteed Surrender Value of at least 30% of total premiums paid. The longer you wait, the higher the value.
❌ Mistake: Missing the grace period and letting a policy lapse
✅ Fix: LIC gives a 30-day grace period after premium due date. If you miss it, the policy lapses but can be revived within 2 years by paying all overdue premiums + interest (currently 9% p.a.). After 2 years, revival requires medical tests.
❌ Mistake: Not checking the maturity claim process 6 months in advance
✅ Fix: LIC matures policies on specific dates. Start the maturity claim process 2–3 months before maturity — you need to submit Form 3825 with identity proof and bank details. Don't wait for LIC to contact you — they often don't, especially for older policies.
Calculate Your LIC Premium
Use our free LIC premium calculator to estimate your premium for endowment, term, or money-back plans — no login required.
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