Life Insurance Corporation of India (LIC) has its own app which many policyholders are not aware. This app can be used by individuals who are planning to buy LIC policy as it will provide them with sufficient information.
With help of the app, policyholders have options for viewing other products of LIC, premium calculation, policy details and one can apply for policy.
This app can be downloaded by android mobile users and can be downloaded here.
Individuals can see all the plans and details of the plans. There are 4 options which includes endowment plans, money bank plans, pension plans, and term assurance plans.
Once you click on the plan say endowment plan, it will display all the plans under Endowment along with features and parameters.
One can make premium payment for their LIC policy. Details required are policy number, premium amount, DOB, mobile number, email ID. One can select payment type from the options provided.
Check previous transactions
Policyholders can check their previous transactions by entering policy number and transaction date.
One can easily check the premium amount by using options "Premium Calculator". In this, one needs to select the plan, choose age, and enter sum assured.
One can also compare premium amount using " Compare premium" option.
In case if you are planning to buy any policy and you want to know if there is any medical requirement by entering age and sum assured, you can do so.
Individuals can buy a policy by entering basic details such as state and city along with contact details. LIC representatives will contact you within mentioned time.