7 steps to register NEFT details in LIC online
- Dipti R Barik
- May 27, 2024
- 6 min read
Updated: 15 hours ago
Life Insurance Corporation of India regularly adds more services to its online portal, which are more useful and now very important for the policyholders, as they cannot move freely during this pandemic.
From 01/07/2020, Life Insurance Corporation of India has given the facility on its portal to register NEFT details in LIC online. You must not visit the LIC office to register the NEFT details. Now, within the safety of your home, you can write the NEFT details in LIC online.
इस पोस्ट को हिंदी में पढें: एलआईसी में एनईएफटी विवरण ऑनलाइन दर्ज करने के 7 चरण
Before registering the NEFT details on LIC online, you must have the following items with you to complete the process without any problems. First, you must be registered on the LIC portal to register the NEFT details. If you are not registered yet, please read एलआईसी ई-सेवाओं के लिए रजिस्ट्रेशन कैसे करें? (How to register for LIC e-Services). We will proceed with the next part, assuming you are registered on the LIC e-Services portal. You must have the following things to complete the Process.
Scanned image of your CTS cheque (Please note that only a CTS cheque is accepted to register NEFT details in LIC online)
Scanned image of your PAN card.
If you want to update NEFT from the branch, click here to download the LIC NEFT form.
So let's see the process for registering NEFT details in LIC online.
Step 1: Log in to the LIC portal
Log in to your LIC e-Services account using your LIC customer portal ID and Password; you can go to the LIC customer portal using this link.
Step 2: Select Service Request to Register NEFT online
After you click the Service Request(s) button, you will be directed to the Service Request page to register a new request in your LIC policy. To register NEFT details in LIC online, click on the drop-down Select Service Request. You will see seven options to choose from:
Premium Service Registration
Loan
Address Change
Change of Mode
NEFT Registration
Online ULIP fund switch
PAN data registration
So, today, we are only looking for NEFT registration. Don’t worry; we will discuss all the service requests in detail in my next posts. Anyways, click on NEFT Registration from the drop-down list.
When you select NEFT Registration from the drop-down menu, a piece of new information will appear on your page. Please read it carefully; I have given it below for your ready reference to register NEFT details in LIC online.
Step 3: Policy Selection for NEFT Registration
Please check the condition acceptance box; thereafter, the Proceed button will appear. Click the Proceed Button to proceed to the next step: policy selection. On the next screen, you will see all the policies that do not have the NEFT details registered. Just select the policy you want to update the NEFT request for.
There is no option to select multiple policies when registering NEFT details. You must repeat the process for every policy for which you want to register the NEFT details online. A Proceed button will appear as soon as you select the policy displayed on the screen. Click the Proceed button to validate the OTP and register NEFT details in LIC online.
Step 4: OTP validation for verification of the registered NEFT details in LIC online
Just click on Proceed, and an OTP will be triggered on your mobile number registered in your LIC portal to register NEFT details in LIC online.
You will receive a 6-digit OTP on your registered mobile number. Just enter the OTP in the designated place and click on submit. If, in any case, you do not receive OTP, press the Resend OTP button to resend the OTP on your mobile. Please note that you will receive a new OTP each time, so always enter the latest OTP to proceed.
Step 5: Fill in your bank details
After successful validation, you will be redirected to a page where you must enter your bank details to register your policy. Your policy number, your name as per your policy record, and your registered mobile number and email ID will be displayed on the screen.
You must fill in the following details on this page to register NEFT details in LIC online.
Your bank IFSC code. An 11-digit code is specific to every bank branch. Please note that the first four letters of the IFS code are the bank's assigned alphabet and are unique to each bank. The 5th letter is 0 (Zero) by default. The following six letters can be numbers or letters. As soon as you enter the IFSC code of your bank branch, bank and branch details will be displayed on the screen; you do not have to fill in those details manually.
Select your account type from the drop-down list
Enter your bank account number
Reconfirm the bank account number
Enter your PAN number in the designated place
After entering all the details, click Save to save the data. If you want to change the data and enter it again, click on the Reset button, and every detail filled in by you will be removed. Enter the correct details again, then click the Save button to register the NEFT details in LIC online.
Step 6: Generate the NEFT form
If all the data is correct, a Success message will be displayed below. Now, click OK to proceed further. On the next screen, you will see a new button at the bottom of the page: Generate NEFT Form. Click the button to generate the NEFT form to register NEFT details in LIC online. The Form contains all the details related to you, i.e., your policy number, name, mobile number, email ID, and the bank details you entered in the previous step. This form will also have two boxes exclusively for your Cheque and PAN card images.
Take the printout of the form, sign it, and put the date on it. Now, either place your PAN card and CTS cheque in the designated place and scan the form or scan the form and place the already scanned images of the CTS cheque and PAN data in the designated places. See the complete form below to register NEFT details in LIC online(For security and privacy reasons, sensitive information is hidden)
Step 7: Upload the NEFT form to register NEFT details
Scan the form and save it in one of these formats, i.e., JPG, PNG, or GIF file format, and upload it to the LIC portal. To upload the scanned NEFT form, click the Browse button on the page (see the screenshot below), select the scanned image, then click the Upload button. Please remember that a file larger than 100kb is not allowed, so keep it below 100kb size to register NEFT details in LIC online.
After the successful upload, a message "Document Uploaded Successfully." Now read the statement below the message, check to mark them to accept them, and click the Submit button. Now, your process for registering your NEFT with LIC online is complete.
An email related to this will be sent to your registered email ID regarding the successful updation of your NEFT details in your policy. Repeat the process for all your policies to register the NEFT details in LIC online.
Your NEFT registration will not be successful until the LIC branch validates the documents you uploaded. If it's taking time, you can call the concerned branch and ask them to validate your NEFT request.
If you cannot do this process, you can submit the request offline in any LIC branch. You must fill out the NEFT Mandate form to register your bank details in your LIC policy. Submit a cancelled cheque with the NEFT mandate form or a copy of the bank passbook. Click here to download the LIC NEFT Mandate form.
If you have any other LIC servicing questions, email us at info@sumassured.in. You can also comment below. Share if you liked this valuable information because Sharing is caring!
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