#***# How does LIC acknowledge the registered policy details?

How does LIC acknowledge the registered policy details?

• The bank/service provider sends these details to LIC for validation & confirmation of the registration data at pre-determined intervals.
• LIC validates the registration data and informs the bank/service provider about the registration status. Since LIC’s database is de-centralized, generally it takes a week’s time for confirmation of registration data.
• A consolidated database of registered policies is maintained by LIC. This database is updated at regular intervals on the basis of changes received from the original servicing branches.
• LIC also sends auto-mailers to the registered policyholders informing the registration status.