How To Generate LIC Premium Statement For IT Returns

Steps to get your Life Insurance Corporation statements in order to fill your Income Tax Returns. The same will help you get tax benefits for the amount that you have invested or the premium paid for the policy.
More

As an income tax payer, there are several documents which one ends up needing to file their tax returns. One among them is your life insurance policy premium statement. If you have taken an LIC insurance policy, chances are that you are paying your premiums either online (via electronic clearing service or ECS) or offline at the designated cash counters specified for the same. For filing your tax returns, one of the things you will require to provide is your LIC policy premium statement for the ongoing financial year.

How To Generate LIC Policy Premium Receipts:

Those who have made premium payments online via the www.licindia.in website will automatically receive the premium paid receipt on their registered email address within a short time. These online receipts can be used for income tax filing purposes and will be considered valid proof of premium payment. However, those customers who have opted for the ECS as the premium payment mode for their LIC policy, their premiums are automatically deducted from their bank account when it is due. In such cases, there is no premium receipt that is generated and sent.

All LIC customers who have an account on LIC’s official site and have registered their policy online can generate these premium statement receipts whenever needed. Listed below is the process to be followed to generate a consolidated premium payment receipt for your LIC insurance policy.

  1. Visit the LIC login page (https://ebiz.licindia.in/D2CPM/#Login)
  2. Once you are on the page, you will be asked to enter your account username and password. Enter the necessary details. You will also be asked to answer a verification question, answering which, you will be redirected to the home page of your LIC online account.
  3. Once you are on the homepage of your online LIC account, hover to the menu placed on the left side of the home page. Here you will see a tab labelled ‘Consolidated Premium Paid Statement’.
  4. Click on the ‘Consolidated Premium Paid Statement’ tab and the page that appears next will ask you to select the year of the policy for which you require the premium statement. Below the column asking for the year will be a verification question which you need to answer. Once you have answered the question, click on ‘Submit’ to get your premium paid statement.
  5. Your premium paid statement will open as a new window so ensure that you do not have a pop-up blocker or any other similar software running. You can easily download this statement, save it on your desktop or print it out for your reference.

FAQ's - LIC Premium Statement For IT Returns

  1. Can I use my LIC premium statement for ITR filing?
  2. Yes, you can use your LIC premium statement for ITR filing.

  3. How to generate LIC premium statement online?
  4. You can generate your LIC premium statement online by following the step-by-step procedure mentioned above.

  5. Where can I download my LIC premium receipt?
  6. You can download your LIC premium receipt by visiting https://licindia.in/Home-(1)/Customer-Portal.

  7. Is the LIC premium paid certificate in PDF format?
  8. Yes. The LIC premium paid certificate is generated in PDF format.

  9. Can I get multiple copies of my LIC premium receipt?
  10. Yes. You can obtain multiple copies of your LIC premium receipt. However, you should be registered on LIC’s customer portal.

  11. Will I need my LIC premium paid certificate to avail of income tax benefits?
  12. Yes. LIC premium paid certificate is mandatory in order to get income tax benefits.

  13. I misplaced my LIC premium receipt. What should I do?
  14. If you have lost your LIC premium receipt, you must log on to LIC’s online customer portal with your user credentials and download it.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

News About LIC Premium Receipt

  • LIC IPO to be reviewed by Indian Government due to Russa-Ukraine issue

    The upcoming Life Insurance Corporation (LIC) of India IPO will be up for review as the Government of India will plan further actions as the impact of Russia’s attack on Ukraine has caused negative impact on the global markets, the effect of which will be felt on the biggest IPO in India.

    Earlier virtual roadshows were launched by the LIC management and the Indian Government in their attempt to raise around $8 billion.

    The stakeholders in both Indian Government and LIC will sit to review the plans for the upcoming IPO as fears loom large regarding both foreign and domestic investors pulling out of investing in the biggest insurance company in India.

    4 March 2022

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.