LIC policy maturity amount.
Maturity amount of LIC policy is basically the final amount that the policyholder receives on maturity of the policy. It can also be the amount or the death benefit that the beneficiary or nominee receives in case of the policyholder’s sudden demise. To calculate the maturity amount, you need to add the sum assured. This was agreed upon by the company and the customer at the time of purchasing the plan. This also includes any benefits received during the tenure of the plan and additional bonuses as mentioned by the company.
How to Check LIC Policy Maturity Amount?
If you are wondering how to check your policy maturity amount, then you need to know that there are many ways to do it. Some of them are mentioned below:
checking maturity amount online.
To check your maturity amount online, here are the steps you need to follow:
• You have to start it by visiting the official website of LIC
• As soon as you reach the home page, you have to click on ‘New User’
• At this point, you will be required to enter certain details like your name, date of birth, mobile number, email ID, policy number etc.
• You can now choose a username and password to log in to the account.
If you are already a registered member, you need to follow the steps mentioned below:
• You need to land on the login page and use your username and password to log in
• After logging in, you can click on the ‘Policy Status’ tab
• Now you can see the plans available in the account
• At this point, you will be able to check the maturity amount along with other details like policy name, premium payment date, policy term, etc.
Checking policy Maturity Amount Through SMS
Another option for you to check your maturity amount is through SMS. And as you do this, there is absolutely no need to remember the credentials every time you want to check your LIC maturity amount. To do this you need to type ‘ASKLIC’ followed by your policy number and send it to 56767877.
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Checking Maturity Amount Through Customer Care
If you want to check the maturity amount neither online nor through SMS, you can do so through customer care. A dedicated team of staff is always available on call to provide you information regarding your LIC maturity amount. If you are a BSNL or MTNL user, you can call 1251 from your mobile number. If your mobile number belongs to any other telecom company, you can contact the Integrated Voice Response System (IVRS) and then follow up on 1251.
Why You Should Check Your LIC Maturity Amount?
It does not matter whether it is your maturity amount or any other plan, you must check it once. Along with knowing the current status of the plan, you will also be able to know the updates that have come recently.
How should you claim the maturity of LIC plan?
You are likely to receive maturity claim intimation from the nearest LIC branch two months before the maturity of your policy. If the policyholder passes away within the policy term, then the nominee has to submit a discharge receipt in Form No. 3825. Along with this, the policy documents must also be submitted one month before the due date of the policy, so that there is no loss. Obstruction in receiving the full maturity amount. The documents that have to be submitted are the policyholders identity proof, age proof, a canceled cheque, a copy of the bank passbook, NEFT mandate form and death certificate in cases of death of the policyholder.