“How to Check LIC Policy Details, Track Old Investments, and Apply for New LIC Schemes in India”

Life Insurance Corporation of India (LIC) is one of the most trusted insurance providers in India. For decades, Indian families have invested in LIC policies to secure their future, plan for retirement, or protect their loved ones. However, many people are not aware of how to check their LIC policy details, how to find out if their parents or relatives had invested in LIC earlier, or how to apply for new LIC schemes today.

This guide provides a complete, step-by-step explanation on how to:

• Check LIC policy details online and offline.
• Find out if any past investments exist in the family.
• Claim maturity, surrender, or death benefits.
• Apply for new LIC policies in 2025 and beyond.
• Understand the advantages of LIC and why it remains a preferred insurance choice.

Why Checking LIC Policy Details is Important

Many families often lose track of old policies due to shifting cities, change of address, or death of the policyholder. By checking policy details, you can:

• Confirm if a policy is active or lapsed.
• Track premium payments and due dates.
• Verify maturity amount or survival benefits.
• Ensure that no investment remains unclaimed.
• Protect family wealth by claiming rightful benefits.

Methods to Check LIC Policy Details

1. LIC Customer Portal (Online Method)

LIC has a dedicated online portal where policyholders can log in and check all details.

• Visit the official LIC website (licindia.in).
• Register as a new user with policy number, date of birth, and PAN/Aadhaar details.
• After registration, log in to the customer portal.
• Check policy status, premium due dates, loan availability, and bonus information.

This is the fastest way to monitor your LIC investments.

2. LIC Mobile App (LIC Customer App or My LIC App)

LIC also provides a mobile application for Android and iOS users.

• Download the app from the official store.
• Log in with your policy number and registered mobile.
• Access policy status, e-receipts, and premium due dates.

3. SMS Service

Policyholders can send an SMS to LIC’s dedicated number from their registered mobile to get details like premium due date, installment amount, or loan status.

Example:

• Type: ASKLIC PREMIUM
• Send to: LIC’s official SMS number (given region-wise).

4. Helpline & Customer Care

You can call the LIC customer care helpline or approach the nearest branch with your Aadhaar/PAN and policy number to get instant details.

5. Through Agents

If the policy was purchased through a LIC agent, you can contact them. Agents have access to policy records and can help track details.

How to Check If Family Has Past LIC Investments

This is one of the most common questions. If a family member had invested in LIC in the past, you can still track and claim it.

Steps:

1. Collect Personal Information – Gather Aadhaar card, PAN, date of birth, or old receipts if available.
2. Visit the Nearest LIC Branch – Provide details of the person whose policy you want to check.
3. Submit Written Request – Write a simple application stating you want to know if any policy exists under the person’s name.
4. Provide Proof of Relationship – For checking deceased family members’ policies, submit legal heir documents or succession certificate if needed.
5. Search by PAN/Aadhaar – LIC database can track policies linked with identity proof.

Claiming Money from Old LIC Policies

If your family invested in LIC and the policy matured or the policyholder passed away, you can claim the benefits.

Types of Claims

• Maturity Claim – When policy term ends, the policyholder gets sum assured plus bonus.
• Survival Benefit Claim – Periodic payouts for money-back policies.
• Death Claim – Nominee receives the assured sum if policyholder dies.
• Surrender Value Claim – If policyholder wants to exit early.

Steps to Claim

1. Collect documents – policy bond, Aadhaar/PAN, bank account proof.
2. Fill claim form from LIC office.
3. Submit documents at the branch.
4. LIC verifies and processes payment to the bank account.

How to Apply for New LIC Schemes

Applying for new LIC policies is simple and can be done both online and offline.

Online Application Process

1. Visit LIC’s official portal (licindia.in).
2. Explore available plans – term insurance, endowment, pension, child plans.
3. Select a plan that suits your needs.
4. Fill in details like age, income, and coverage required.
5. Pay the premium online.
6. Policy bond will be sent to your email and address.

Offline Process

1. Visit nearest LIC branch or contact an authorized LIC agent.
2. Get details of available policies.
3. Submit documents (Aadhaar, PAN, income proof, photographs).
4. Pay premium in cash, cheque, or online.
5. Collect the policy bond.

Popular LIC Schemes in 2025

1. LIC Jeevan Amar – Pure protection term plan.
2. LIC New Endowment Plan – Combination of protection and savings.
3. LIC Jeevan Lakshya – For family security and income.
4. LIC Jeevan Labh – Limited premium with maturity benefits.
5. LIC Child Future Plan – Education and marriage support.
6. LIC Pension Plan – Retirement-focused schemes.

Benefits of Buying LIC Policies

• Trust of Government-backed Institution – LIC is fully owned by the Government of India.
• Multiple Options – Term, endowment, pension, child, and money-back plans.
• Tax Benefits – Premium paid qualifies for tax deduction under Section 80C; maturity proceeds are tax-free under Section 10(10D).
• Loan Facility – Policyholders can take loan against policies.
• High Claim Settlement Ratio – LIC has one of the best settlement ratios in the insurance industry.

Common Mistakes to Avoid

• Not updating nominee details.
• Ignoring premium due dates (can lead to lapse).
• Misplacing the original policy bond.
• Not keeping track of bonus or survival benefits.
• Believing in fake calls or fraudsters promising extra returns.

Frequently Asked Questions

Q1: How can I know my LIC policy number if I lost the bond?
You can visit the LIC branch with Aadhaar/PAN and request duplicate details.

Q2: Can I pay LIC premium online?
Yes, through LIC portal, LIC mobile app, PayTM, BHIM UPI, and authorized banks.

Q3: How do I find out if my late father had any LIC policy?
Submit his Aadhaar/PAN at LIC office along with proof of relationship.

Q4: What happens if I miss paying premium?
LIC gives a grace period. If not paid, policy may lapse but can be revived later.

Q5: Which is the best LIC policy for children?
LIC’s Child Future Plan and Jeevan Tarun are popular for education and marriage goals.

Additional Information About LIC (Life Insurance Corporation of India)

Brief History of LIC

Life Insurance Corporation of India (LIC) was established on September 1, 1956 after the nationalization of the life insurance sector in India. At that time, 245 private insurers were merged to form a single state-owned company under an Act of Parliament. The goal was to provide affordable and reliable insurance to common citizens.

For decades, LIC had a monopoly in the life insurance sector and became a household name across the country. Even after the insurance sector was opened to private companies in 2000, LIC has remained the largest life insurer in India.

Digital Transformation in LIC

Earlier, LIC services were mostly offline, but in recent years, the corporation has shifted strongly towards digital platforms to serve customers better. Some key initiatives include:

• LIC e-Services Portal – Policyholders can register and manage policies online.

• LIC PayDirect – Allows premium payment without login.

• LIC Merchant Portal – For agents and premium collection centers.

• Mobile Apps (My LIC App & LIC Customer App) – Easy access to policies and receipts.

• Chatbot (LIC Mitra) – Provides instant answers to customer queries on the website.

This digital move has reduced dependency on physical visits to LIC branches and made policy management more user-friendly.

LIC’s Rural and Social Sector Focus

LIC is not just about urban customers—it also has a strong social obligation. Each year, LIC invests in rural and weaker sections by:

• Launching Micro Insurance Plans that require very low premiums.

• Providing coverage for landless laborers, farmers, and daily wage workers.

• Running Group Insurance Schemes for self-help groups and cooperative societies.

• Supporting government-backed insurance programs like Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).

This ensures that even the economically weaker population of India has access to life insurance.

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LIC IPO and Market Presence

In 2022, LIC launched its Initial Public Offering (IPO), which became the largest IPO in India at that time. Today, LIC is listed on the NSE and BSE stock exchanges. While the Government of India still holds the majority stake, the IPO gave retail investors a chance to own a share in the country’s biggest insurer.

This move also brought more transparency, as LIC now publishes financial results regularly for shareholders.

Latest Updates About LIC (2024–2025)

• LIC continues to dominate the insurance sector with a market share of over 60% in life insurance.

• The corporation has introduced digital onboarding for policies—customers can buy some plans fully online without paperwork.

• LIC is strengthening its presence in retirement planning and pension schemes as demand for post-retirement income grows.

• Plans are being designed to suit millennials and working professionals, focusing on flexible premium payment and online servicing.

Why LIC is Still the First Choice for Many Indians

Despite competition from private insurers, LIC remains the first choice because of:

• Trust and security (backed by the Government of India).

• Wide network (over 13 lakh agents and thousands of branch offices).

• High claim settlement ratio (above 98%).

• Social responsibility (covering weaker sections and rural areas).

• Long history and reliability (over 65 years in service).

LIC continues to be the most trusted insurer in India, helping millions of families secure their financial future. Whether you want to check policy details, trace old family investments, claim maturity or death benefits, or apply for a new plan, LIC provides simple and transparent processes both online and offline.

By taking a proactive step today, you can ensure that no policy remains unclaimed and your family’s wealth is protected. At the same time, by exploring new LIC schemes, you can create a secure financial plan for education, health, and retirement.