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Category: Life Insurance

What is Backdating life insurance policy?
Life Insurance

What is Backdating life insurance policy?

Posted on November 24, 2020 by CoverNest

Want to start late and finish first? So as the name suggests, Backdating is the idea or concept of putting your start date of the…

How to get LIC Policy premium paid receipt for Income Tax filing?
Life Insurance

How to get LIC Policy premium paid receipt for Income Tax filing?

Posted on November 22, 2020 by CoverNest

If you are paying your LIC premium either through direct cash at the cash counters or through online payment or ECS. If you are an…

How to Add / Enroll new LIC policies to your existing LIC online account?
Life Insurance

How to Add / Enroll new LIC policies to your existing LIC online account?

Posted on November 10, 2020 by CoverNest

If you have more than one account either for you or for your family members. You can have all those policies grouped into a single…

How to create a new online account for my LIC Policy?
Life Insurance

How to create a new online account for my LIC Policy?

Posted on November 9, 2020 by CoverNest

Get to know the detailed schedule of your policy like next due date and you can also pay your premium using the online account. Maintain…

What to do if your LIC policy ECS fails?
Life Insurance

What to do if your LIC policy ECS fails?

Posted on November 5, 2020 by CoverNest

If you had activated the ECS or direct debit payment mode for your LIC policy. By this, the premium amount will be debited monthly from…

How to surrender a LIC Policy ?
Life Insurance

How to surrender a LIC Policy ?

Posted on November 4, 2020 by CoverNest

You can take back the surrender value amount after surrendering the policy. This can be done when you have already completed paying your full 3…

How to activate ECS or Direct Debit on your LIC policy?
Life Insurance

How to activate ECS or Direct Debit on your LIC policy?

Posted on October 28, 2020October 29, 2020 by CoverNest

Initially, we would have bought the LIC policy through a normal payment mode. After some point of time, you feel that the manual payment is…

Change your premium payment mode of LIC policy
Life Insurance

Change your premium payment mode of LIC policy

Posted on October 27, 2020October 28, 2020 by CoverNest

LIC_Premium_Mode_Change To change the premium payment mode of your policy, the simple thing to do is to write a letter to the LIC branch manager…

What happens if you stop paying your LIC policy premium?
Life Insurance

What happens if you stop paying your LIC policy premium?

Posted on October 22, 2020October 22, 2020 by CoverNest

Each and every person we know and also including us would have bought a LIC policy back then because it could either be from our…

How to take loan on LIC policy?
Life Insurance

How to take loan on LIC policy?

Posted on October 19, 2020 by CoverNest

After completion of 3 years policy term on LIC products, the loan can be availed.  The features which are available with this include New endowment plan,…

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