This Tax savings season, all of us are busy in paying all pending insurance premiums to produce the receipts to the HR department to get the tax benefits under section 80C.
In our busy schedule, how can we pay the LIC premium and get the receipt online without visiting any LIC offices?
Yes, It is possible. LIC has created such a strong online platform, that you can even get a consolidated premium paid certificate for all your LIC policies for the financial year. What is more – you can even get the consolidated premium paid certificate for the previous 2 financial years too!
How to pay LIC premium and get the receipts online?
First step in paying LIC premium and getting receipts online is to login to www.licindia.in and click on ‘`online services’’. Here you have to click on “ new user? Click here’’ link and register by giving your personal information. Password will be mailed to your email address.
Once you get the password, go to “ registered user’’ and login using the password. You will be directed to the welcome page. You can have the following services online.
1. Enroll policies
Here, you have to give the information about each of your existing LIC policies and enroll. Please note that the date of birth entered by you while registering should match with the date of birth given to LIC while taking the policy. You cannot enroll policies in the name of your children/spouse etc. For this you have to create additional registration with their details.
Once you enroll all your policies, by using the link“ Premium Calendar’’, you can see the due dates of premium and the premium amount for all policies in a tabular form.
2. Pay premium online
Using this option, you can pay the LIC premium online. You can use credit card/debit card/internet banking etc to pay the LIC premium online.
Once you make the premium payment, digitally signed receipt will be mailed to you immediately.
3. Premium paid statement
Using this option, you can print the premium paid certificate for any of your enrolled policies for the current financial year. You can even print receipts for the premium paid in the previous 2 financial years.
4. Consolidated premium paid statements
In this option, you can generate a consolidated premium paid certificate for the entire premium paid in the financial year under all the policies. This certificate will be much useful, to produce to your employer, to claim income tax benefits under Section 80C. You can even print the consolidated premium paid certificates for the last 2 financial years.
So, why are you waiting for? Login to www.licindia.in and enroll all your policies now. Pay future LIC premium online and get all related services online.