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LIC policyholders can choose any mode or frequency of payment of premiums of their choice (monthly, quarterly or yearly) at the time of commencement of their policy. This change is done in such a way as to coincide with the date of policy anniversary or the corresponding Monthly, Quarterly or Monthly dates.
How do I change my lic Nach date?
If a policy holder desires to discontinue the NACH facility, request should be given to the servicing branch at least 20 days in advance of the debit date for monthly mode policies and 30 days in advance for other modes. 6. NACH mandate form can be submitted in any LIC Branch.
How can I change my LIC payment online?
Currently, it is NOT possible to change your policy premium payment mode ONLINE. You shall either post the letter along with your identity proof, addressing to the Branch manager or you shall submit these documents to the LIC Branch office in person.
Can we change LIC premium payment frequency online?
Mode Change | LIC Policy. LIC OF INDIA offers four options for paying premium for its policies i.e. monthly, quarterly, Half yearly & Yearly. But it can be changed from any mode to other easily but this will be done once in year just before making the payment due at the time of the anniversary of the policy.
To change the premium payment mode of your policy, the simple thing to do is to write a letter to the LIC branch manager from where you have got your LIC policy. This is how it usually works but currently, it is not possible for you to change the premium payment mode online.
How can I change my lic policy details online?
- Step 1: Log in to LIC portal.
- Step 2: Select Service request to Register NEFT online.
- Step 3: Policy Selection for NEFT Registration.
- Step 4: OTP validation for varification.
- Step 5: Fill your bank details.
- Step 6: Generate the NEFT form.
- Step 7: Upload NEFT form to register NEFT details.