There is great news for LIC policy holders of Life Insurance Corporation of India. If you also have an LIC policy and it is going to be maturity, then you have to link your bank account to the policy. If the bank account does not link in time, then the entire money in your policy can get stuck. So far, LIC had paid the policy through check, but now he has started transferring the policy money directly into the bank account. This is the reason why the policy is being asked to link to the bank account. If a consumer does not link to the policy then the money will not be paid even if the policy is maturing.
It is necessary to link the bank account, LIC has already started the process of linking the policy with the bank account. For this, the money of the consumer is transferred directly into the account when the policy is maturing. Therefore it is important for every customer to link their policy to the bank account. According to LIC, so many policy holders are those who have not linked the policy to the bank account. LIC has started stopping the money from such consumers.
LIC sent SMS alert
LIC has started sending SMS to alert its customers. The SMS is being asked to link the policy to the bank account. Apart from this, LIC is going to digitize all its services. From March 1, 2019, every customer will be given information related to policy premium, policy maturity, policy hold, through automated SMS. LIC will alert its customers if the premium is not deposited. It is important that your mobile number be registered in LIC. If the number is not registered then register it as soon as possible.
How to Link Bank Account
To link your policy to your bank account, you have to submit a copy of the cancell check or passbook’s front page to the LIC branch. Also fill the NEFT mandate form. After submitting the form and details of your bank account, your policy will be linked to the bank account within a week. LIC will directly transfer money to your account when the policy is matched.
How to register a mobile number You can call the agent to register the mobile number. You can register LIC’s website by clicking on LIC’s website www.licindia.in/Customer-Services/Help-Us-To-Serve-You-Better or by calling helpline number 022-68276827. You do not need to go anywhere for this. But, before March 1, 2019, do both of these work.