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LIC Certificate of Existence: What is it, why is it needed and how can pensioners submit it in 5 simple steps?
Mint 1 hr ago·20 Oct 2026, 9:42 am
LIC has introduced a 'Certificate of Existence' to verify that pensioners are still alive before releasing their annuity payments. This document is mandatory for all policyholders receiving regular income from LIC. It helps the insurer ensure that benefits are only paid to the rightful recipient, preventing fraud and ensuring that the pension reaches the intended person.
For investors holding LIC stocks, this move is a routine administrative update. It does not directly impact the company's financial performance or share price. However, it highlights LIC's focus on customer service and operational efficiency, which are positive traits for a large financial institution. The process is designed to be simple and accessible for pensioners.
Pensioners can now submit this certificate easily through a digital process. This includes options like the Jeevan Pramaan portal, which uses biometric verification. Keeping this document updated is crucial to avoid any interruption in receiving pension benefits. Investors should monitor LIC's customer satisfaction scores and digital adoption rates, as these factors often reflect the company's long-term stability and growth potential.
Affected stocks
Neutral1 stock
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Key takeaways
- Concerns Life Insurance Corporation Of India (LICI).
- Category: Company.
Why it matters
A routine update for Life Insurance Corporation Of India. Use the price and stock snapshot to gauge how the market is responding.
