PREMIUM PAID CERTIFICATE
You
must be aware that it is mandatory to produce Premium Paid Certificate for
insurance policies to avail Income tax exemption benefit under section 80 C.
Premium Paid Certificate is a document issued by an insurer against payment of
the premium amount. This document is generally required for the policies
premium paid via ECS and NACH mode. For all other modes of payment, you get a
premium receipt which will act as proof for income tax benefit.
If
you have purchased LIC policy, and looking for the premium paid certificate you
have three options. You can either contact your LIC agent, you can approach
your branch office or you can download LIC Premium Paid Certificate
Online. To get premium paid certificate online you have to register your
policies online.
Procedure
1.
Register
Online for LIC e-Services
2.
Login to
e-Service Portal
3.
Go to the
Basic Services
4.
Go to Policy
Premium Paid Statement
5.
Select Policy
for Premium Paid Statement
6.
Generate a
premium paid certificate
Very useful
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