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How to Register for MDRT Membership?
First check, whether you meet Commission, Premium & Income Requirements for MDRT Membership. Things you need: 1. Requirements: Premium, commission or income during the previous calendar year 2....
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How to Update your LIC Policy Contact details Online?
Now the LIC India policyholder can also update policy contact details in their policies online on the LIC portal. Step 1: Go to LIC India Website’s “Help us to serve you better” Link. Step 2: Update...
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What is Minimum Business Guarantee (MBG) norms for LIC Agents?
LIC India’s Minimum Business Guarantee (MBG) norms for an LIC agent, during the agency year are : An agent has to achieve – EITHER 6 different lives AND Rs. 50,000/- First Year Premium Income (FYPI) OR...
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How to Fill LIC NACH Form?
Things to Take Care 1. UMRN (Unique Mandate Registration Number) field should be left blank. 2. Tick Create Box for New Business & Conversion form Ordinary to NACH. 3. For New Business Cases...
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How to Change Policyholder Name in LIC Policy?
If policyholder name is misspelled in the policy bond or policyholder has changed name due to one of the following reasons: 1. the Assured having changed his/her name and/or surname, 2. the Assured...
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How to File Complaint about your LIC Policy?
If you are not happy with LIC, you can complaint to LIC via: 1. Online 2. Offline In the offline mode, you can complaint about any issues you are facing, such as: 1. Premium Paid Statement / e-Receipt...
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How to get upto 70 days grace period for LIC Premium Payment?
You get 30 days grace period for each LIC Policy after policy payment due date. If you have LIC Credit Card, it’ll pay your premium automatically five days before the grace period (25 days after due...
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What is NACH and How it’s impacting your LIC Policy?
What is NACH Reserve Bank of India (RBI) has set up a new nodal authority – National Payments Corporation of India (NPCI) for handling all electronic payments in the banking system. NPCI has set up a...
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How to Change LIC NACH/ECS Mandate from one Bank to another Bank?
Banks are switching from ECS (Electronic Clearing System) to NACH (National Automated Clearing House). So if you want register ECS again with another bank account you need to give fresh NACH mandate,...
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What to do if your LIC ECS/NACH premium payment Bounced?
If you have linked LIC premium EMI through any bank then money will get deducted through ECS (Electronic Clearing System) every month automatically. Your bank runs an ECS on the debit date and if there...
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