I have moved from Chennai to Bengaluru and want to transfer my LIC policy to a local branch here for easier service. What is the process for this? Also, how can I download all my premium receipts for the last year for tax filing?
Transferring your LIC policy branch is a formal, offline process that requires a written request to your current branch. Downloading your premium receipts, on the other hand, is a very simple and instant online task that can be done through the LIC e-Services customer portal.
The Process to Transfer Your LIC Policy Branch
My friend recently relocated from Delhi to Mumbai for his job and needed to transfer his LIC policy. I explained to him that this is an offline process that cannot be done through the customer portal. He had to write a formal application letter addressed to the Branch Manager of his old branch in Delhi. In the letter, he clearly stated his policy number, his new address, and the name or code of the new LIC branch in Mumbai he wanted to transfer the policy to.
Submitting the Required Documents for Branch Transfer
Along with the signed application letter, my friend had to provide a self-attested copy of his new address proof (he used his new rental agreement) to support his transfer request. He sent these documents via post to his old branch. The old branch then began the internal process of transferring his policy file and data to the new branch, which took a few weeks to be completed.
How to Easily Download Your Premium Receipts Online
For the second part of your query, downloading receipts is much easier. I recently had to do this for my tax filing. I logged into my account on the LIC e-Services portal. On the main dashboard, there is a clear option labeled ‘Online Payment Receipts’, which I clicked.
Finding and Saving Your Receipts
Inside the ‘Online Payment Receipts’ section, the portal allowed me to select the financial year for which I needed the receipts. It then displayed a complete list of all the premium payments I had made in that year. Next to each payment entry, there was a ‘Download’ icon. I was able to click this and save all my official premium receipts as PDF files directly to my computer.
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