Renewing your LIC policy on time is one of the most important steps in protecting your investment and continuing your insurance coverage without interruption. As a licensed LIC Insurance Advisor based in Bardez, North Goa, I provide complete guidance and personal assistance for all types of policy renewals under LIC of India.
I am Shankar Krishna Sawant, and I help individuals like you understand the renewal process, avoid lapses, and ensure you get the full benefits of your insurance plan. Whether your premium is due annually, half-yearly, quarterly, or monthly, I make sure you receive timely reminders, correct payment instructions, and hassle-free support.
When a policyholder fails to renew the insurance policy on time, it may lapse and stop offering coverage. This means your financial protection for life, health, education, or retirement becomes inactive. If something unfortunate happens during this lapse period, the claim might be rejected.
That’s why I make it a priority to help my clients complete their policy renewals before the due date and avoid late payment fees or complex revival procedures.
I guide and support you in every step of your LIC policy renewal:
Checking policy due dates and payment modes
Verifying renewal amounts and premiums
Providing safe and secure online or offline payment methods
Helping with bank-related issues for NEFT or auto-debit setups
Resolving failed transaction queries
Submitting receipts and confirmation updates
Follow-ups for missed renewals or lapsed policies
Guidance for renewing policies with interest or revival terms
I also assist with documentation in case your contact details or nominee information needs updating during the renewal process.
Every LIC policy is different, and so is every policyholder’s situation. Some plans are life insurance-based, some are pension-oriented, and others may be linked to child education or marriage goals. I first understand your specific plan and then guide you on the correct renewal procedure, timing, and amount.
In case your policy has already lapsed, I explain the revival options and help you recover its full value by submitting the necessary forms and medical documents, if required.
Term Insurance
Endowment Plans
Money-Back Policies
Pension and Annuity Plans
Child Education or Marriage Plans
Health and Accident Insurance
ULIPs and Investment-Linked Policies
No matter which LIC product you have chosen, I ensure your renewal is smooth, clear, and on time.