How to Cancel a Lic India (Life Insurance Corporation of India) Subscription
The Ultimate Step by Step Guide to Cancelling a Lic India (Life Insurance Corporation of India) Subscription or Membership (licindia.in)
By
Bella K.
|
Published
August 11, 2025
|
Updated
August 12, 2025
LIC India, or Life Insurance Corporation of India, is a trusted provider of life insurance products to help you protect your loved ones financially. They offer a range of plans, including term insurance, endowment policies, and pension plans, which you can subscribe to for regular premium payments. If you see a bill from them, it’s likely for your insurance coverage or any investment plans you have with them.
Cancelling a subscription with LIC India can involve multiple steps, including verifying identity and fulfilling specific requirements, which may complicate the process. Additionally, customers might experience delays or difficulties in reaching customer service, leading to frustration.
Estimated Time
On average, it takes 10 minutes0010 minutes to cancel a Lic India (Life Insurance Corporation of India) subscription.
How to Cancel Lic India (Life Insurance Corporation of India): Step by Step
If you purchased through the LIC India website:
Visit the official website: licindia.in.
Log in to your account using your User ID and Password.
Navigate to the "My Account" section.
Select "Subscriptions" from the menu options.
Locate the subscription you wish to cancel.
Click on the option "Cancel Subscription".
Follow the prompts to confirm your cancellation. You may need to provide a reason for cancellation.
Once confirmed, you will receive a cancellation confirmation via email.
If you purchased through the LIC Mobile App:
Open the LIC Mobile App on your device.
Log in with your User ID and Password.
Tap on "My Subscriptions" in the menu.
Find the subscription you want to cancel.
Select the subscription and tap on "Cancel Subscription".
Confirm the cancellation when prompted.
You will receive a notification confirming your cancellation.
If you purchased through Phone Banking:
Call the LIC Customer Care at 1800 266 5845.
Follow the automated instructions to reach a customer service representative.
Verify your identity by providing your User ID and additional details.
Request the cancellation of your subscription.
Note the cancellation reference number provided by the representative for your records.
If you purchased through Email:
Compose an email addressed to customercare@licindia.in.
Include your customer ID, subscription details, and a cancellation request.
Submit the email and await a confirmation response from LIC India.
How to Contact Lic India (Life Insurance Corporation of India)
If you need assistance, here's how you can get in touch with Lic India (Life Insurance Corporation of India)'s support team.
Tips and Tricks for Getting a Lic India (Life Insurance Corporation of India) Refund
Start by calling the customer service hotline early in the morning for less wait time.
Have your policy number and personal details ready to streamline the process.
Be clear and firm about wanting to cancel; avoid providing too much information.
Use confident language such as "I would like to cancel my policy immediately."
If the representative offers deals or discounts, politely decline and restate your intent to cancel.
If the first agent is unhelpful, ask to escalate to a manager or supervisor.
Timing your call for mid-week can lead to better service than weekends.
Make sure to follow up with an email documenting your cancellation request for record-keeping.
If you face resistance, mention that you're considering legal action if the cancellation isn't processed.
Keep a record of all communications for reference and follow-ups.
Check your bank statements to ensure no further charges occur after cancellation.
If cancellation is still problematic, consider filing a complaint with the Insurance Ombudsman for assistance.
Why Do People Request Refunds from Lic India (Life Insurance Corporation of India)
High premium costs making it unaffordable.
Lack of customer service support when needed.
Changes in personal financial situation requiring budget adjustments.
Preference for alternative investment options with better returns.
Unsatisfactory policy performance compared to initial expectations.
Confusion about policy terms and conditions or benefits.
Difficulty in accessing online account management.
Renewal hassles or complicated procedures.
Perceived lack of transparency in fees and charges.
Life changes such as marriage or parenthood impacting insurance needs.
Negative experiences with claims processing.
Unclear communication regarding policy updates.
Relocation affecting the relevance of the policy.
Desire for more flexibility in insurance options.
Unwanted upselling or aggressive marketing from agents.
Lic India (Life Insurance Corporation of India) Refund Script
Script
Copy
Dear Lic India (Life Insurance Corporation of India), Support, I hope this message finds you well. I am writing to request a refund due to a billing issue that arose recently. I noticed an accidental charge on my account that I do not recognize, and I believe it may have been a mistake. I would greatly appreciate your assistance in processing this refund at your earliest convenience. Thank you for your attention to this matter. I look forward to your prompt response. Best regards,
Lic India (Life Insurance Corporation of India) Refund Policy
Life Insurance Corporation of India (LIC) allows members to cancel their policies within a specific free-look period, typically 15 days, for a full refund of the premium paid. After this period, policyholders can surrender their policies, subject to the terms and conditions outlined in their specific plan, which may involve penalties or reduced benefits.
The Easiest Way to Get a Lic India (Life Insurance Corporation of India) Refund
If you're frustrated trying to cancel your subscription, membership, or bill from Lic India (Life Insurance Corporation of India)—or if you didn't even realize you were being charged—Chargeback can help. Chargeback is a personal subscription manager that automatically detects hidden, recurring charges like Netflix, Hulu, and hundreds of others. With one click, we can cancel unwanted subscriptions, flag suspicious billing, and even initiate refund requests on your behalf. No more waiting on hold or navigating confusing help pages. Just connect your bank or email account, and we'll take care of the rest.
Frequently Asked Questions
Be cautious, as LIC may impose certain lock-in periods or stipulate that withdrawals or cancellations can only be requested at specific times, which could delay your ability to cancel. Additionally, early cancellation might incur fees or forfeiture of accumulated benefits, so thoroughly review the policy terms before proceeding.
High premium costs making it unaffordable.
Lack of customer service support when needed.
Changes in personal financial situation requiring budget adjustments.
Preference for alternative investment options with better returns.
Unsatisfactory policy performance compared to initial expectations.
Confusion about policy terms and conditions or benefits.
Difficulty in accessing online account management.
Renewal hassles or complicated procedures.
Perceived lack of transparency in fees and charges.
Life changes such as marriage or parenthood impacting insurance needs.
Negative experiences with claims processing.
Unclear communication regarding policy updates.
Relocation affecting the relevance of the policy.
Desire for more flexibility in insurance options.
Unwanted upselling or aggressive marketing from agents.
Policy Number: The unique identifier for your insurance policy.
Name of Policyholder: The name registered on the policy.
Date of Birth: The date of birth of the policyholder for verification.
Contact Information: Phone number and/or email address associated with the account.
Reason for Cancellation: A brief explanation for canceling the subscription or membership.
Existing Premium Details: Information about premium payments that may need to be settled.
Account Information: Bank account details if a refund is applicable.
Documentation: Any supporting documents required for cancellation.
Signature: A signed declaration may be needed in some cases.
Submission Method: Knowledge of how to submit the cancellation request (online, email, or in-person).
Before cancelling your LIC India policy, be aware that you will lose coverage and benefits associated with your life insurance, including the ability to claim any sum assured or bonuses. Additionally, cancelling may affect your accumulated surrender value and you might not receive any returns if you cancel early. Keep in mind that some plans have a lock-in period, and cancelling within this time can result in forfeiture of funds. Finally, always consult your policy terms or speak with a representative to understand the implications fully.
Life Insurance Corporation of India (LIC) allows members to cancel their policies within a specific free-look period, typically 15 days, for a full refund of the premium paid. After this period, policyholders can surrender their policies, subject to the terms and conditions outlined in their specific plan, which may involve penalties or reduced benefits.
Yes, you will need your password to cancel your subscription with LIC India. If you've forgotten your password, you can easily reset it by visiting the following link: https://licindia.in/Customer-Service/Reset-Password. Just follow the prompts to regain access, and then proceed with the cancellation process.
The cancellation process typically takes about 30 minutes to complete. However, the actual time may vary depending on your account settings and whether you need to contact customer service. Most cancellations are processed immediately, but some may take up to 24 hours to take effect.
After canceling your Lic India (Life Insurance Corporation of India) subscription, you'll typically have access to the service until the end of your current billing period. You won't be charged for the next billing cycle, and your account will be deactivated once the current period ends. Make sure to download any important data before cancellation.
Yes, you can usually reactivate your Lic India (Life Insurance Corporation of India) account by logging back into your account and resubscribing. However, you may need to go through the sign-up process again and provide payment information. Some services may offer special reactivation deals for returning customers.
If you're unable to cancel Lic India (Life Insurance Corporation of India) online, contact their customer service directly using the phone number, email, or website provided above. You can also use our refund script to help you communicate effectively with their support team. In some cases, you may need to provide additional verification or documentation.
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¹ Total savings is calculated based on internal annualized estimates of
savings for customers. ² Average requests times may vary depending on volume of requests
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