Renewal premium receipt

What is a renewal receipt? It can be submitted as an investment proof to the taxation authority for receiving tax benefits. Helps while renewals – If you need to renew your life cover, alter it or even cancel it for some reason, you will need the premium payment receipt to prove all past premiums have been paid. This is another important reason why you must download the receipt on time.

The renewal premiums are paid after the initial premium and are indispensable for the continuation of the policy. Paying your premium renewals on time ensures that you get maximum benefits out of your policy. Renewal Premium Receipt Get access to your premium paid receipts for all the premiums you have paid so far. Once the premium payment is made on the company website, customers can easily download their consolidated premium paid statement simply by visiting the of the company. Customers who make premium payments towards their policies from the LIC can download the receipts online.

There are two ways through which we can get the LIC policy receipt-offline and online. In case of offline, you have to visit the office. When you pay through offline mode by visiting LIC branches. Once you visit and pay the premium , then you will get the receipt immediately in your hand. For payments made post 3:PM IST, the premium receipt will be available on My Account on the next working day.

An advance premium can be paid within the same financial year for any premium due in that financial year. For any premium payment due in the next financial year, the same can be paid three months prior to the premium due date. After submission of User Name and Passwor you will logged in to your account and on the left side, you will get Basic Servicessection under which there are two options to download premium paid receipt.

Consolidated Premium Paid Statementto be used when premium paid details of all policies needs to be downloaded. Steps to download premium receipt from LIC website. The steps involved in downloading premium receipt from LIC website are listed as follows: Click on the button labelled ‘registered user’ on the LIC e-Services page. Login to the portal by entering your credentials.

If you don’t have an account, register yourself using the steps mentioned. After the data is provide your premium receipt will be shown to you. Download a copy and print it. The premium shall be adjusted on the due date even if it has been received in advance. Life Insurance Corporation of India – Corporate Office : Yogakshema Building, Jeevan Bima Marg, P. It costs £1(or £1for a page frequent traveller passport).

Lic Receipt includes a measurement of 151kB with a resolution of 768px x 921px which is free to download to your requirements. Upon receipt of the full premium , the insurer must send the policy declarations page to the insured and all parties listed on the policy. Underpayment of Renewal Premium If the insurer receives a payment less than the amount shown on the bill, the insurer must send an underpayment notice for the additional premium. We use cookies to improve your experience on our site and to show you personalised advertising.

By using this website you agree to our Cookie Policy. So whenever you are trying to renew your policy online, please enter the exact policy number as given on the latest policy schedule sent by us. You must be aged or over (or turning in the next weeks) if you want an adult.

LIC premium receipt contact information and services description.