In LIC policies when a customer opt for monthly mode, he has to connect his bank to LIC so that his policy premium can be directly debited from the bank.  To link his bank with his LIC policy he need to complete the process of Nach or E-Nach. Nach is physical process where one has to fill the NACH form and along with bank proof ( A cancel cheque with a name on it or passbook or bank statement should be attached alongwith it) and Id proof (any one of Pan/adhaar/DL/Voter Id/Passport etc.) he has to submit it in the home branch. Note that Nach form should be taken from the branch, copy, printout etc will not be considered. The process of filling the nach form is given below.

Whereas LIC E Nach is an online process with which LIC policyholder can connect his bank account to his policy. The LIC E Nach process and other resources are available here.

Clicnk on the following link and it will take you to the LIC official site where all the formalities are need to be completed. Click ->  LIC E Nach Link for the official website

Before starting the process of E Nach one has to ensure the following things.

1. His bank should be in the list of the live API banks which offer E Nach  facility for LIC policies. The list can be downloaded by clicking on the following link  -> List of live banks for E Nach.
2. The LIC policyhoder who want to connect his LIC  policy to his bank through E Nach should have Debit card or Interenet banking to verify the bank account.
3. The LIC policyholder should also keep the premium receipt alongwith him handy so that all the relevent information regarding his LIC policy number, LIC premium without GST etc should be ready with him.
4.  LIC E nach will be processed only if all the previous premium dues should be paid and next premium due should not be within 16days. Then only E Nach can be process for an exisiting policy.

If all the above details and points are followed then one can register his existing policy with LIC.

For new LIC policy, LIC E Nach can also be opted at the time of taking LIC policy. With the proposal form the LIC prospect should provide the bank proof ( A cancel cheque with a name on it or passbook or bank statement showing Bank name, account number IFSC code or MICR code) and should sign the E Nach mandate form lying with LIC agent.  Click here to download the LIC E Nach Mandate form.

In the new policy also the agent and the prospect should ensure that the bank of the customer should be in the list of live API banks so that E Nach can be successful. Once the policy is issued then a message from LIC is recieved by the customer on mobile and email id and he has to verify his bank details by providing all the relevent information. Once this process is done, the LIC policy will be connnected to the customer bank and future premium will be debited from the bank at the due date automatically.

The point here to be noted that at the time of taking a new LIC policy, the agent should take two monthly premium initially from the LIC prospect. So that in case there is delay in process of E Nach, his policy remain inforced and should not lapse. Because in monthly mode policy, the policy lapses after 15days if the preium is not paid timely.