Why go for Online Buying Option?
1- Incentive for online buyer – 1% increase in the basic annuity rate will be available.
2- Single premium plan. Premium is to be paid in a lump sum.
3- No medical examination is required under the plan.
4- After making the premium payment, you can print the Final Premium Receipt cum Acceptance Letter and also the Proposal Form.
Things you Need
1- Valid Email ID or Mobile Number (To get an Access Id)
2- Payment only by Net Banking (No Credit or Debit Card)
3- Bank IFSC Code (You can get it on your Cheque Book)
4- PAN Number
5- Nominee Details
How to Buy?
1- Register on LIC website
2- Lonon to LIC website with Access ID
3- Fill up all the details
4- Take a Print of the Final Premium Receipt cum Acceptance Letter and Proposal Form.
5- LIC India’s representative will visit you in the address provided by you in the proposal form and collect the documents.
Document you Need to submit with Application Form
1- Proof of Residence (Passport, PAN card, Letter from any recognized Public authority
, Electricity Bill, Ration card, Valid lease agreement along with rent receipt, which is not more than three months, Employer’s certificate as a proof of residence (Certificates of employers who have in place systematic procedures for recruitment along with maintenance of mandatory records)
2- Proof of Identity (Telephone Bill, Bank Account Statement, Voter ID, Driving License)
3- Proof of Income (Income Tax assessment orders/Income Tax Returns, Employer’s Certificate, Charted Accountant’s Certificate, Agricultural Income Certificate, Agricultural land details & Income assessments, Bank Cash-flow statements and Pass Book)
4- Proof of Age (Certified Extract from Municipal or other records made at the time of birth, School / College Certificate giving DOB., Certificate of Baptism or certified extract from Family Bible, if it contains age or date of birth, Defence Personnel Identity Card, Passport)
5- Coloured Photograph (Passport Size)
6- Cancelled Bank Cheque leaf
7- Signed Proposal Form
Things to Take Care
1- You may choose any one annuity option (out of the seven available above). But Once an option chosen, the option cannot be altered later.
2- Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity. We suggest always opt for yearly option to get better return.
3- The policy does not acquire any paid-up value, surrender value or loan will be available under the policy.
4- Minimum purchase price – Rs.150,000/- (for online sale)
5- The Policy Bond will be sent to you by Post.
In case of any problem in online buying, you may contact LIC Helpline – by email – email@example.com or Phone # 022-67819282, 022-67819284, 022-26136804.