I am self-employed and planning to buy a term insurance policy from LIC to secure my family’s future. Could you please guide me on what documents are required for self-employed applicants while applying for LIC term insurance?
It’s wonderful that you’re considering a term insurance policy from LIC to ensure your family’s financial protection.
As a self-employed applicant, LIC may ask for a few specific documents in addition to the standard ones. Typically, you will need to provide:
• Identity proof (Aadhaar card, PAN card, Passport, or Voter ID)
• Address proof (Aadhaar, utility bills, Passport, etc.)
• Age proof (Birth certificate, PAN card, or school certificate)
• Income proof – Since you’re self-employed, this is important. LIC usually accepts Income Tax Returns (ITR) of the last 2–3 years, audited financial statements, or bank statements as proof of income.
• Recent passport-size photographs
• Duly filled and signed application/proposal form
These documents help LIC assess your eligibility and the appropriate coverage amount for your term insurance. Requirements may vary depending on the plan chosen and your profile, so it’s best to confirm with the company before applying.
For updated details, you can visit the official LIC website: