Claim LIC benefits from any branch by 2011

The country's largest insurer Life Insurance Corporation, has decided to operationalise a system within two years that will allow policy holders to claim benefits and pay premium at any of its over 2,100 branches.

"Premium payment can be done from anywhere in India. That's what we have done it. Now claim payment we would like to take it to any office. That's next major issue," LIC [ Get Quote ] chairman T S Vijayan told PTI.
"Once all documents are available on the net then any office can do it. As I said it depends on the completion of EDMS (Enterprise Document Management System) project which we plan to complete by 2011," he said.
It will enable LIC to extend 'AnywhereAnytime' service, he added

Where should I pay my premium?

Is there a way in which your premium can be paid automatically?

You can pay your life insurance premium through any of the following channels:
· Insurance offices: Main office or branch offices

· The Internet: Through banks that your insurance company has tie-ups with

· The bank: You can provide your bank with standing instructions (auto-pay) to debit your

account as and when the insurance premium becomes payable, or use phone-banking facilities

· Authorised service providers such as BillJunction.com or BillDesk.com