Buy LIC New Policy for Guaranteed Returns and Life Cover

Life Insurance Corporation of India (LIC) is a premier insurance company offering a diverse range of policies tailored to meet the varied needs of its customers. With the growing preference for online transactions, LIC has streamlined the process of buying insurance policies online, making it convenient, secure, and accessible from anywhere in the world. This article explores the benefits and steps to buy LIC insurance policies online, the payment methods available, and the features of LIC’s new policy for guaranteed returns and life cover.

Benefits of Buying LIC Insurance Policies Online

1. Convenience: One of the primary advantages of purchasing LIC insurance policies online is the convenience it offers. You can explore various plans, compare them, and purchase the one that best suits your needs without having to visit a branch or meet an agent.
2. 24/7 Access: Call: 9480240513 round the clock, allowing you to buy policies and make payments at any time, from anywhere.
3. Quick and Hassle-free: The online process is streamlined and user-friendly. You can complete the entire process within minutes, avoiding lengthy paperwork and multiple visits to the LIC office.
4. Secure Transactions: LIC’s online portal is equipped with advanced security features to ensure that your transactions are safe, and your personal information is protected.
5. Instant Policy Issuance: Upon successful payment and submission of the required documents, the policy is issued instantly, and you can download the policy document from the portal.

How to Buy LIC Insurance Policies Online

1. Call 9480240513 to choose the plans as per your needs and budget
2. Explore Plans: There are many plans available, like education plans, endowment plans, whole-money-back plans, term insurance, and ULIPs.
3. Select a Plan: Choose the plan that best meets your requirements. Detailed information about each plan, including benefits, premiums, and terms, is available before purchasing the policy.
4. Calculate Premium: Use the premium to get an estimate of the premium amount based on your chosen sum assured, policy term, and other parameters.
5. Fill in the Application Form: Once you have selected a plan, fill in the online application form with your personal details, nominee information, and other required information.
6. Upload Documents: Upload the necessary documents, such as identity proof, address proof, and medical reports (if required).
7. Make Payment: Choose your preferred payment method (credit card, UPI, net banking, or debit card) and make the payment.
8. Policy Issuance: Upon successful payment and document verification, your policy will be issued, and you can download the policy document from the portal.

LIC buy policy payment Methods

LIC offers multiple payment options to make the transaction process seamless:

1. 1. Credit Card: You can use your credit card to make the premium payment. It is a convenient option that also allows you to earn reward points on your card.
   2. UPI: Unified Payments Interface (UPI) is another quick and secure payment method. You can use any UPI-enabled app to make the payment.
   3. Net Banking: LIC supports net banking payments from major banks in India. This is a secure method to transfer funds directly from your bank account.
   4. Debit Card: You can also use your debit card to make the payment.

LIC New Policy for Guaranteed Returns and Life Cover

LIC’s new policies are designed to provide guaranteed returns along with life cover, making them an attractive option for risk-averse investors looking for assured benefits. Here are some of the key features of these policies:

1. 1. Guaranteed Returns: These policies offer guaranteed returns, ensuring that you receive a predetermined amount at maturity or at regular intervals during the policy term.
   2. Life Cover: In addition to the guaranteed returns, these policies provide life cover, offering financial security to your family in case of your untimely demise.
   3. Tax Benefits: Premiums paid for these policies are eligible for tax deductions under Section 80C of the Income Tax Act. The maturity benefits and death claims are also tax-free under Section 10(10D).
   4. Flexible Premium Payment Options: You can choose from various premium payment options, such as single premium, regular premium, or limited premium payment terms.
   5. Loan Facility: These policies offer a loan facility against the policy, providing liquidity in case of financial emergencies.

1. Can I pay my LIC premium using a credit card?

Yes, you can pay your LIC premium using a credit card. LIC’s online portal supports credit card payments, ensuring a secure and convenient transaction process.

2. Is it safe to buy LIC policies online?

Yes, it is safe to buy LIC policies online. LIC’s online portal is equipped with advanced security features to protect your personal and financial information.

3. What documents are required to buy an LIC policy online?

The documents required to buy an LIC policy online typically include identity proof, address proof, age proof, and medical reports (if required).

4. How can I check the status of my LIC policy?

You can check the status of your LIC policy online through the LIC website or mobile app by logging in with your policy number and other required details.

5. Can NRIs buy LIC policies online?

Yes, non-resident Indians (NRIs) can buy LIC policies online. LIC offers specific plans tailored for NRIs, and the process is similar to that for residents.

6. Are the premiums paid for LIC policies eligible for tax deductions?

Yes, the premiums paid for LIC policies are eligible for tax deductions under Section 80C of the Income Tax Act. The maturity benefits and death claims are also tax-free under Section 10(10D).

7. Can I avail a loan against my LIC policy?

Yes, many LIC policies offer a loan facility against the policy. The loan amount and terms depend on the type of policy and the premium paid.

8. What is the claim process for LIC policies bought online?

The claim process for LIC policies bought online is similar to that for policies bought offline. You need to submit the required documents to the nearest LIC branch or through the online portal.

Buying LIC insurance policies online by calling 9480240513, convenient, secure, and efficient way to secure your financial future. With multiple payment options, including credit card and UPI, the process is hassle-free. LIC’s new policies for guaranteed returns and life cover offer a reliable investment option, providing financial security to you and your family.

Whether you are looking for life insurance, investment options, or tax savings, LIC has a policy that meets your needs. For personalized advice and support, you can always contact an experienced LIC agent.