LIC Policies & Services
New LIC policies, revivals, loans and claims, handled for you.
LIC offers endowment, money-back, whole-life, term, pension and children's plans. Beyond choosing the right plan, most people need help over the years: a lapsed policy to revive, a loan against the policy, a nomination change or a claim. We take care of the paperwork and follow up with the branch.
Who needs it
- Families who prefer guaranteed, traditional savings with life cover
- Existing LIC policyholders who need servicing or a claim settled
- Parents planning for a child's education or marriage
What's covered
New policies
Endowment, money-back, whole-life, term, pension and child plans matched to your goal.
Revival
Bring a lapsed policy back into force, including any available revival campaign benefits.
Loans and surrender
Loans against eligible policies, and surrender value calculations before you decide.
Claims
Maturity, survival benefit and death claim filing and follow-up.
What's not covered
We show you the catch before you buy. Common exclusions (exact terms vary by insurer and plan):
- Plan-specific exclusions apply: we explain them before you buy
- Suicide within the first 12 months, as per policy terms
- Benefits stop if a policy lapses and is not revived
Popular add-ons
Accident benefit rider
Extra cover for accidental death or disability.
Term rider
Additional life cover for the policy term.
Premium waiver benefit
Continues a child plan if the proposer dies.
Documents checklist
To get a quote or buy
- PAN card and Aadhaar (or another officially valid ID) for KYC
- Age proof
- Passport-size photo
- Income proof for higher sums assured
- Existing policy number (for servicing)
To make a claim
- Original policy bond
- Discharge form
- Death certificate (death claims)
- Claimant KYC and bank details (NEFT mandate)
Frequently asked questions
My LIC policy has lapsed. Can it be revived?
Usually yes, within the revival period allowed by the plan, by paying the arrears with interest and sometimes a health declaration. Share your policy number and we will check.
Can I take a loan on my LIC policy?
Many traditional plans allow a loan once they have acquired a surrender value. We can check eligibility and the amount.
How do I update my nominee?
Nomination can be changed by submitting the prescribed form to the servicing branch. We prepare and submit it for you.
Related cover
Term Life Insurance
Pure protection: a large lump sum to your family if something happens to you. We help you pick the right cover, term and riders.
ExploreMotor Insurance
Third-party and comprehensive cover for cars, two-wheelers and commercial vehicles. Keep your No Claim Bonus and get help when you need to claim.
ExploreHealth Insurance
Individual and family floater plans with cashless treatment at network hospitals. We explain waiting periods, room-rent limits and co-pays before you buy.
ExploreNot sure what you need?
Tell us about your family or business and we will suggest the right cover, in plain language.
Mon–Sat, 9 am – 7 pm