Life Insurance: Checking Policy Status
Buying life insurance policy is the first step to build a corpus amount for the future. It takes many permutations and combinations before you choose the life insurance policy analyzing policy benefits, returns, charges, payouts etc. However the work is not done after you buy life insurance policy. Equally important is maintaining that life insurance policy.
There are many types of life insurance policies in the market. Depending on the life insurance policy taken, you have to take the necessary action. There could be so many things which you might need insurer for. For instance if you bought a ULIP, you might need to shift from one fund to another, make a premium redirection, withdraw money, reduce the premium paying term, know the fund value, premium due date etc.
Any of this requires checking policy status to make the necessary changes. Your life insurance policy status can be checked by getting in touch with the insurer and quoting them your policy number.
There are many ways one can check policy status which are given below:
Customer Care: You can call the customer care number of the insurer, mention the policy number to the customer executive and the executive will tell you the current policy status.
Online: This is simply the most convenient method. Most insurers have online registration. Once you register online, you can visit insurer’s website and check policy status on a daily basis if needed, you can even pay the premium online through net banking, credit card etc.
Branch: You can visit the insurer branch. Quote your policy number and all the details regarding the policy will be provided.
Mobile Phones: You have to send SMS from registered mobile number to the insurer and policy details will be sent to your mobile.
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