To receive the payment of your LIC policies directly in your bank account via NEFT, you are required to submit the LIC NEFT form or the LIC NEFT mandate form. This form can easily be downloaded by clicking on the button below. Another way is to go to your LIC branch and get it from there itself.
Read further to know what details you need to fill in the LIC of India NEFT form.
Details to be Filled in LIC NEFT Form
The following details are to be filled in the LIC NEFT mandate form:
- LIC Branch name
- LIC policy number(s)
- Name of policy holder or claimant
- Bank Name
- Bank Branch Name
- Account Type (for NRE accounts, bank certificate or bank statement is required)
- Account Number
- Mobile Number
- Email ID
- Aadhaar Card Number
- Passport Number (mandatory for NRE account-holders)
- Cancelled cheque leaf
- Self-attested copies of Aadhaar Card, PAN Card and Passport
- Date and signature of the policyholder/claimant
How to USE LIC NEFT Form for Paying Premium?
To use the LIC NEFT form for paying your LIC premium, please follow these steps:
Step 1: Download the LIC NEFT form from the link given above. /
Step 2: Fill in your policy details, including your policy number, name, address, and contact number.
Step 3: Write the premium amount you want to pay and the mode of payment as NEFT.
Step 4: Write the details of your bank account from which you want to make the payment, including the account number, bank name, and branch name.
Step 5: Also, fill in the details of LIC’s bank account, including the account number, bank name (Life Insurance Corporation of India), branch name (Central Office), and IFSC code (LIC0000011).
Step 6: Sign the NEFT form and submit it along with a cheque or demand draft (DD) for the premium amount at your nearest LIC branch.
You will receive a confirmation message once the payment is processed.
Please note that it may take up to 2 working days for the payment to be credited to your LIC policy. It’s important to ensure that you have sufficient funds in your bank account to avoid payment failure.
LIC or Life Insurance Corporation of India, which is the largest insurance company in India. It was founded in 1956 by the Indian government to provide life insurance services to Indian citizens. LIC offers a wide range of life insurance products such as term insurance, endowment plans, money-back plans, pension plans, and health insurance policies.
LIC operates through a network of over 2,000 branches and has more than 1.2 million agents across India. The company has a significant presence in the rural and semi-urban areas of the country and has played a vital role in providing financial security to millions of people in India.
Apart from life insurance, LIC also offers other financial products such as mutual funds, home loans, and pension plans. LIC has a strong financial position, with a high credit rating and a large investment portfolio.
Also, check other bank’s NEFT Form in the below table:
LIC NEFT Form: FAQs
If you have an LIC policy and wish to receive the payment of your claims in future directly in your bank account via NEFT, you need to fill and submit LIC NEFT form mandate.
To settle maturity claims w.r.t your LIC policy, you need to submit LIC maturity claim form. If you’ve opted for LIC NEFT mandate form, you will receive the payment directly in your account via NEFT. However, you still need to submit the maturity claim form which is LIC Form No. 3825.
For claiming survival benefit, submit LIC Form No. 5180. Likewise, for death claims, LIC Form No. 3783 or Claim Form ‘A’ in Form No.3783 is required.