LIC NEFT Form
What is the LIC NEFT Form?
The LIC NEFT Form is a form you fill out so that Life Insurance Corporation of India (LIC) can send money directly to your bank account. The full form of NEFT is National Electronic Funds Transfer. It is a safe and fast way to send money from one bank to another anywhere in India. When you fill out and submit this form, LIC can send your payments, such as policy maturity amount, pension, or refunds, straight to your bank. This means:
No need to wait for chequesNo long processing timeYou can get your money quickly and directly into your accountYou can use the NEFT form makes the payment process simple, quick, and secure for LIC customers.
Why Do I Need to Fill the LIC NEFT Form?
Filling the LIC NEFT form helps LIC to send you money (like policy payouts or maturity amounts) directly to your bank account in a quick and safe manner. Here is why you should choose LIC NEFT form:
- 01
Faster Payments
With NEFT, LIC can directly deposit your money into your bank account on time. You don't need to wait for cheques or go to the bank. It helps in saving your time and effort.
- 02
Safe and Secure
NEFT is a very safe way to send money. Your bank and LIC use a secure system that keeps your details protected.
- 03
Low or No Extra Cost
Sending money through NEFT usually has no charges or very low charges, unlike older methods like demand drafts or money orders.
- 04
Easy to Track
You can check your NEFT payments using your bank's mobile app or online banking. This helps you keep better control of your money.
- 05
More Convenient
Every NEFT transaction has a special number (called a UTR). You can use this number to track your payment if there's any delay. You can also get updates through SMS or email when money is sent.
Every NEFT transaction has a special number (called a UTR). You can use this number to track your payment if there's any delay. You can also get updates through SMS or email when money is sent.
Uses of LIC NEFT Form
The LIC NEFT form helps you get money from LIC directly into your bank account. You need to use this form in the following cases:
ꪜ To get your money when the policy ends (maturity)ꪜ To receive a loan from LICꪜ If the policyholder dies, the nominee will get the money through NEFTꪜ To get payments at regular times (survival benefits)ꪜ If you close your policy early (surrender), to get the moneyꪜ To get pension payments regularlyꪜ To get back extra premium or adjustmentsꪜ To update your bank account detailsꪜ To receive any bonus or dividend from LIC
Step by Step Guide to Submit LIC NEFT Details Online
Before checking the NEFT status, you must first register for NEFT. Here's how to do it online with the help of LIC website:
- 01
Go to the LIC official website.
- 02
Now log in to the customer portal with the help of your username and password. If you are new, click 'New User' to make an account.
- 03
After logging in, a pop-up will show asking if you want to use NEFT. Click on the NEFT registration option under 'Service Request'.
- 04
Read the rules carefully, then click 'Proceed'.
- 05
Choose your policy number and click 'Proceed'.
- 06
You will get a one-time password (OTP) on your phone. Enter this OTP to confirm your details.
- 07
Enter your bank's name, branch, IFSC code, account type, and PAN number. Then click 'Save'.
- 08
Download the NEFT form, fill it out, and upload it.
- 09
You will get a message telling you if your submission was successful or not.
- 10
Now, you can check your NEFT request status anytime with the help of the portal.
What Information is Needed to Fill out the LIC NEFT Form?
You will need to provide these details to fill out the LIC NEFT form:
Your name
IFSC code of your bank
Bank name
The branch name of your bank
Address of your bank branch
Your bank account number
Your mobile number
Your email address
Your PAN card number
What Documents Do I Need to Give with the LIC NEFT Form?
To register for NEFT with LIC, you need to give these documents:
Cancelled Cheque
This is used to check your bank account details.
PAN Card
This helps to prove who you are.
Policy Papers
These show that you have an insurance policy with LIC.
Medical or Death Certificate
Needed only if you are making a claim.
Bank Passbook Copy
This helps confirm the name on your bank account.
How Can I Check My LIC NEFT Status Online?
After registering for NEFT, you might want to know the status of your application. Follow these steps to check it:
Log in to the LIC Website
Go to the LIC Website and log in using your details.
Click on 'Service Request'
Find and click on 'Service Request' on your dashboard.
Click on 'Track Request Status'
On the left side, click on 'Track Request Status'.
Select 'NEFT Registration'
Choose 'NEFT Registration' to see your application status.
Check Your Status
You can see if your application is accepted, cancelled, or rejected. Pick the right option to see more details.
FAQs
NEFT means National Electronic Funds Transfer. It is a way to send money from one bank account to another online.
The LIC NEFT form is a paper you fill out to tell LIC your bank details. This helps LIC send money (like policy payments or claims) directly to your bank account.
To change your bank account details in LIC NEFT, fill out the NEFT form. You can find the form on the official LIC of India website.
Yes, you can register for LIC NEFT online by logging into the LIC customer portal.
No, there are no extra charges for LIC NEFT transfers.