NEFT registration in LIC policy
Step-by-step guide to help you understand how to register for NEFT
(National Electronic Funds Transfer) in your LIC (Life Insurance Corporation of India) policy online:
What is NEFT Registration in LIC?
NEFT registration allows LIC to directly credit your policy payments—like survival benefits, maturity amounts, or refunds—into your bank account. No more waiting for cheques!
Steps for Online NEFT Registration in LIC Policy
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Visit the LIC website
Go to www.licindia.in and click on the “Customer Portal” section. -
Login or Register
If you’re already registered, log in with your credentials. If not, click on “New User” and follow the steps to create your account. -
Go to ‘Service Requests’
After logging in, navigate to the “Service Requests” or “Online Services” section. -
Choose NEFT Registration
Select the option for NEFT Registration from the list of available services. -
Fill in your bank details
Enter your bank account number, IFSC code, account type, and other required details carefully. -
Upload required documents
You’ll need to upload a scanned copy of a cancelled cheque or the first page of your bank passbook showing your name and account details. -
Submit the request
Review all the details and click on “Submit.” You’ll get an acknowledgment or reference number for tracking. -
Wait for confirmation
LIC will verify your details and update your NEFT information. You’ll be notified once it’s successfully registered.
Tips to Remember
- Make sure your bank account is active and in your name.
- Double-check the IFSC code to avoid delays.
- Keep a copy of the acknowledgment for future reference.
NEFT (National Electronic Funds Transfer) is very important for LIC policyholders because it makes receiving payments from LIC fast, safe, and hassle-free. Here’s why it matters:
💡 Benefits of NEFT in LIC Policies
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Direct credit to your bank account
No need to wait for cheques or visit LIC offices—your money goes straight into your account. -
Faster payouts
Whether it’s maturity amount, survival benefit, or refund, NEFT ensures quicker processing. -
Safe and secure
Reduces the risk of lost, stolen, or delayed cheques. Your money is transferred electronically. -
No physical paperwork or courier delays
Everything happens digitally, saving time and effort. -
Works for all types of LIC payments
NEFT is used for death claims, maturity benefits, annuities, and even policy surrender amounts. -
Convenient for policyholders across India
Whether you’re in a city or a village, as long as your bank supports NEFT, you’re covered. -
One-time registration
Once registered, you don’t need to repeat the process for every policy or claim.
In short:
NEFT ensures that you get your LIC money quickly, safely, and directly—without the old hassles of cheques or long waits.