How New User Do Online Registration at LIC Portal

07 May 2018

Life Insurance Corporation of India has been one of the most trusted names since its incorporation in the year 1956. This state-owned insurance company is also the largest insurance company in India- have been by the years and still gaining customers patronage with quality products and ease and simplicity of operations.

To bring about a simpler access to their policies by the customers, LIC has recently introduced LIC e-Services which would enable LIC customers to get an access to their policies and every other thing related to it get done online such as paying monthly premiums, keeping track of the policy status, keeping track of premium dues and more such stuff online without having to approach any branch office. It is to the utmost benefit of the customer that they can have a transparent view of the policies and plans that they have opted for and get things done with just a click avoiding long queues in the branch office.

While availing e-Services might seem like an amazing idea, some people are surely yet to figure out how to get themselves availing these services. If you be among them, worry not.

Here we have for you a complete guideline on what exactly LIC e-Services are like and how to get yourself registered on the LIC login portal if you are a new user. All you have to do is to stick to the article until the end.

How New User Do Online Registration at LIC Portal:

What is LIC e-Services?

LIC e-Services is the recently launched online service provided by LIC to its customers. LIC with integration with all the latest digital initiatives comes with its own e-Services to enable wider access to unlimited policy-related information to its customer with utmost simplicity and ease. There is a myriad facility one can derive from availing these e-Services. These benefits include:

Online Payment Facility
Policy Status
Bonus Status
Loan Status
Claim Status
Premium Due Calendar
Revival Quotations
Premium Paid Certificate
Claim History
Policy Bond
Various devices and online forms available
Locators and FAQs

Who Are Eligible For Availing LIC e-Services?

Of course, anyone who is a policyholder with LIC can avail the benefits of LIC e-Services. For the same one has to register themselves at the online portal. The ones who have already had their registrations done can just simply register the policies held by them in the portal to get all the information and updates on the respective policies.

How To Register For LIC e-Services?

Now, that you have already had an idea about LIC e-Services and the benefits that you can avail from it, you need to know how to register yourself at the portal for availing the same. The process is rather simple, definitely for the ones who have already had their registrations done and also for the new users who are yet to get themselves and their policies registered.

If you are already registered at the portal, all you need to do is click on e-Services. You will find the button somewhere to the right of the official LIC webpage. Click on Registered User button and log in with your User ID and password.

Then you need to fill-up the form provided so as to register your policies at the portal.

Take a print out of the form, sign it and upload the scanned copy of the form. Also upload the scanned image your Aadhaar Card, PAN card or Passport.

The officials would take some time to verify the same and after the verification process has been completed you will receive an SMS or an email stating that you are prepared to use the e-Services.

For the Ones Not Yet Registered at the Online LIC Portal:

In case you be among the ones who have not registered already at the Online LIC portal, go through the registration process which is very simple to get through. All you have to do is to click on the New User button on the right of the official LIC web page and select your User ID and password. On the completion of the simple process, you are a registered portal user.

You need to register your policies in the portal and therefore all you need to do is to click on e-Services and log in with your User ID and password. For the registration of your policies, you need to fill in the form provided with all the necessary details. Print the form, put down your signature and upload the scanned image of the same. Note that the size should not be below 100 KB. Also, you need to upload the scanned image of the Aadhaar Card or Passport or PAN card or any other equivalent document that works as your official ID proof.

Once you are done with the process you need to leave it to the officials to verify it. Once your application is duly verified, you will receive an email or an SMS dating that you are good to go with availing the e-Services at the LIC portal.

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Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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7 Reasons Why Teenagers Pay Extra For Car Insurance

Car insurance for teenagers is more expensive than experienced drivers. Teenagers, who are at a very young and vulnerable stage of life, often lack any formal driving experience. They learn the skills of driving in this age and polish it with practice. The motor vehicle associations understand the susceptibility of their age and therefore the cost of car insurance for teenagers is higher. In order to understand this concept in detail, we have laid down 7 reasons that “why teenagers pay extra for car insurance”: No Proven Track Record of Driving The insurance companies consider the driving history of the applicant before issuing insurance premiums. In the case of teenagers, there is no proven track record of driving. Since they are at the beginner’s stage of learning, there is no evidence to support their expertise on the road. The risk factor stays high in this case. In general, the people who have proven driving track record without any mention of traffic violations and accidents in their names can avail significant discounts on their car insurance policies. The insurance companies need some statistical proof to make a judgment about the driving skills of applicants- which is not possible in the case of teenagers. Therefore, they cannot assume whether the teenage driver is a safe or reckless driver. In order to cover their risk, they raise the cost of car insurance for teenagers to ensure some safety measures. However, at the age of 19, the insurance plan becomes affordable as you already have 1-2 years driving experience by this time. You can get car insurance here for 19 years olds. Lack of Experience It takes time in learning a skill and achieving expertise in it. Learning to drive certainly takes more time and effort as we face different situations every day on the road. The young drivers need to dedicate a lot of practice hours to polish their skills before they can take their own vehicle independently on the road. The amount of time spent behind the wheel is a considerable factor in enhancing the driving abilities of young drivers. In the case of teenagers, their lack of experience can put them to test while facing real-life driving situations. Their reaction time may be slower than an experienced driver which is much needed when you are in actual driving practice. It is often seen that the young drivers get into a panic very easily when they face unusual situations on the roads. There are research studies to support the fact that most of the accidents that involve youngsters are due to their delay in reaction to the situations that prevail. Emotional Distraction Young people often get stuck with emotional issues. Their vulnerable age often brings out the “rebellious” attitude which may result in anger, sadness, extreme happiness, excitement, overreaction, anxiety, etc. They have very less understanding of dealing with their own emotions which may cause serious troubles while driving. For example- despite many public advertisements, youngsters use their mobile phones while driving. The overconfidence can lead to the accident-prone situation very easily. Youngsters often pool their vehicles and go for diving expeditions. Mutual talking and discussions while driving can distract their attention from the road. It is also common for youngsters to appreciate unusual sights on the road and get diverted from their driving spree. Insurance companies take these facts into account and use substantial proofs to put forth their risk level before issuing car insurance to teenagers. Increased Tendency Towards Speed and Racing There is no denial of the fact that teenagers love formula races and speed games. When they sit behind the steering, they get tempted to race with the cars on their track. Sometimes they have their own bunch of friends racing while driving. The scientific studies have reported that teenagers are easily aggravated by smoking, drugs and alcoholic tendencies. Under the influence of these factors, they may be instigated to adopt risky behaviors while driving. The understanding of the risks and their implications can be attained only with age and experience. The insurance companies state that the lower rates of premiums for the experienced drivers are supported by the statistics that prove that they are less prone to accidents as compared to teenage drivers. The Risk of the Insurance Companies The teenage drivers are at a higher state of financial risks for the insurance companies. The higher the probability of being at risk of accidents raises the probability of higher expenditure of the insurance companies. Therefore, in an attempt to cover the risks associated with the young drivers, they raise the cost of the policy. The Statistical Proofs We have already discussed various factors that may cause teenagers to become riskier while driving. It should be mentioned that our studies are based on statistical findings from various reports. These reports emphasize the high probability of teenage drivers being involved in road accidents. The data has been collected by the years of research that bring the car insurance firms at a higher edge of risk. The Make and Model of the Vehicle We often get to hear that the teenagers are gifted their “favorite vehicle” on their birthday or any other occasions. Although this practice is popular in rich and affluent families, these days even the middle-class segment has roped into the trend. Thanks to the easy loaning facilities! However, parents often forget about the risk associated with allowing teenagers to drive new and expensive cars with high-speed parameters. The insurance companies charge more from their clients who want to purchase insurance of a premium car for their teenager ward. The reason is clearly stated- higher speed parameters of the vehicle are directly proportional to the high financial risk factor of insurance companies. Conclusion Teenagers pay extra for car insurance due to the high amount of risk associated with their age and the levels of maturity. There are facts to support the rash driving incidents leading to fatal accidents in many cases that involve teenagers. Therefore, the higher rates of insurance are just a precautionary measure by the insurance companies. They intend to ensure that the applicant, as well as the company, must be fully prepared to deal with the possible risky outcomes due to driving errors. Higher is the risk of the insurance company, higher is the cost of the premium. Read Also : Tips For Reducing Car Insurance Costs Tips To Lower Your Insurance Costs

Help Your Business With A Government Loan

The COVID-19 pandemic has caused unforeseen hardships to a lot of entrepreneurs in Malaysia who launched their enterprises in the last couple of years. No one could have estimated the amount of damage to the economy the pandemic would cause or the length of time it would take to recover. The sign of a government loan is like fresh air in the business world, which swift away all your investment-related headaches. However, there are government loans that you can apply for to help ensure your business survives and has a chance to prosper once the coronavirus has been conquered. 3 Tips For Applying For The Government Loans The government loans strategy is more robust and well revised. You may be thinking of applying for the loan, but your business is not a big one. You think the government is not willing to lend money to your business. But it is possible. Here are three easy tips for applying for a government loan. 1. Promoting The Small And Medium Enterprises These government loan schemes are targeted to help the most financially vulnerable businesses, which are small and medium enterprises (SMEs). SMEs are typically started by well-intentioned but underfunded people who want to put their particular skill-set to use. They might be launched with only a few employees. Still, by careful management and conservation of their assets, they can grow to make a significant contribution to the state of Malaysia’s economy. The government loan schemes target businesses applying for lower loan totals than a giant corporation would need. With the world beginning to see the value in micro-finance and recognize the healthy input of small businesses on a country's economy, the Malaysian government felt that with the effects of the pandemic likely to last for some time, it was the perfect time to offer these loans to the public. The small and the medium enterprises will need significantly less money as the loan, but the success chance is more. 2. Apply Through Existing Financial Institutions To receive your working capital loan, you apply through an existing financial institution. These are not loans per se but rather government-backed loan guarantees under the Working Capital Guarantee Scheme (WCGS). You receive the loan through the institution and pay them back directly. The government insures the institution against default. The financial institutes are taking a short period, but as you are now dealing with them, your debt payments period will rise. Even if you’ve been turned down for a loan by the financial institution because you didn’t qualify under their terms, you can reapply under the terms of the WCGS government loan schemes. Government loans require more guarantees and the assurance of return. When you are applying through the existing financial institute, the process will take a small period for sanctioning. 3. Six Types Of WCGS The diversity among the business is always present. Therefore, your proposal business planning everything can be different. There are six types of WCGS applying to different people and different kinds of business models. These schemes offer differing amounts of loans as well, so you should choose the scheme to apply for that meets your financial needs. They each have different qualifications, and you need to read the qualifications of each loan scheme and choose the best one for your situation and business. WCGS is a loan scheme that offers from 100,000 to 10 million Ringgit. WCGS-SU is a loan scheme targeting startups that offer from 50,000 to 500,000 Ringgit. WCGS-B is a loan scheme targeting Bumiputeras that offers from 100,000 to 3 million Ringgit. WCGS-X is a loan scheme targeting export companies. It offers loans of from 100,000 to 10 million Ringgit. WCGS-W is a loan scheme targeting Woman-owned businesses. It offers loans of from 100,000 to 1 million Ringgit. ADGS is a loan scheme targeting companies that engage in automation and digital products and services. It offers from 100,000 to 10 million Ringgit. To find out more about these government loan scheme’s qualifications, inquire about WCGS schemes with the financial institution that handles your banking. Conclusion: Applying for a government loan is making all your hard work easy. Usually, government loans have a low-interest level. The time limit is also going to be more stable. If you follow these tips, you can easily apply for a government loan and start your journey in a more relaxed way. Read Also: Benefits of NBFC Business Loans What Are the Alternatives for Small Business Startup Loans?

Tips for Breaking Into Finance and Banking

Many people with an interest in money find it quite rewarding (and profitable) to pursue a career in finance and banking. But not everyone gets there on the same path. For one thing, there are many careers in the industry, such as management, financial advising, auditing, and lending. So, depending on what field you want to pursue and where you hope to work, your career path may look a lot different than someone else’s. With that in mind, there are a few tips you need to know to help you break into almost any field within this sector. Majors are less important than you think: Many college students get hung up on narrowing down their major in college to match the specific career they currently want. But the truth is that while you do need a degree, the major can vary quite a bit. In fact, many people start out with a major in accounting and end up with economics degree jobs. Or they might start with a major in finance and end up in economics. Some people even break into the field with unrelated degrees, like psychology or communication. The point is that most managers in the money field know that the skills and knowledge you obtain from any area in business can translate to the others. You might start at the bottom: Not all fields are the same, but certain ones (such as banking) rely more on seniority than your level of education. In fact, many people in the banking industry started out years ago with very little education and worked their way up. Other fields also require working your way up, but they may not require you to start in the lowest positions available. Some sectors in finance and banking will allow you to work your way up very quickly or even start out in management or mid-management positions. Just remember to stay humble, learn all you can, and work hard on even the small jobs you’re given. Your resume needs to stand out: While this is true in any industry, employers in the finance and banking industry are looking for specific skills. And depending on where you live and work, your resume could find itself at the bottom of a very big pile. Aside from a simple, professional format, you need to use the right lingo to get your resume seen. Each industry has its own set of particular skill sets that make someone a quality candidate. And banking and finance are no different. In fact, because the applicant pool is so educationally diverse, your skill set may be the only thing that matters. The ability to communicate well, for example, is at the top of the list. Hiring managers also look for analytical ability, problem-solving skills, and capacity for innovation. Networking should be your priority: Networking isn’t just for business professionals looking for more client leads. It’s also one of the most effective ways to land your first job. About 70 percent of job seekers are hired by companies with which they have connections. And networking doesn’t have to be as hard as it sounds: it’s simply connecting with people in the industry. You can do this by reaching out on social media to individuals or groups in the field you want to work in. You can amp up your LinkedIn profile to appear as an active job-seeker in the industry. You can take advantage of all the college events where professionals in your degree field will be meeting up. And you can simply ask people you know about their careers and connections in banking and finance. You’ll be surprised at how willing most people are to help you out. Read Also: 3 Must Know Accounting Tips To Help You Finance Correctly 8 Family Friendly Careers That Offer Great Pay And Work-Life Balance

How New User Do Online Registration at LIC Portal

How New User Do Online Registration at LIC Portal:

What is LIC e-Services?

Who Are Eligible For Availing LIC e-Services?

How To Register For LIC e-Services?

For the Ones Not Yet Registered at the Online LIC Portal:

Easy Ways To Make Free Money Without Doing Much

Eight Essential Tips For Getting Out Of Debt

Tags

Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

Leave a Reply Cancel reply

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7 Reasons Why Teenagers Pay Extra For Car Insurance

Help Your Business With A Government Loan

Tips for Breaking Into Finance and Banking

How New User Do Online Registration at LIC Portal

How New User Do Online Registration at LIC Portal:

What is LIC e-Services?

Who Are Eligible For Availing LIC e-Services?

How To Register For LIC e-Services?

For the Ones Not Yet Registered at the Online LIC Portal:

Share this Article

Easy Ways To Make Free Money Without Doing Much

Eight Essential Tips For Getting Out Of Debt

Tags

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

Leave a Reply Cancel reply

Popular

Follow Us

Recent

Related