Confused About Right Life Insurance Plan?
Life Insurance Corporation of India (LIC) was set up on 1st September 1956, with the aim of expanding the concept and importance of Life Insurance all over India. From then to now, LIC has crossed many milestones and has set unprecedented performance records in the Life Insurance business. In earlier days, the premium amount was paid through LIC agents or visiting the nearest branch office.
Hence, to reduce the effort for the policyholders, LIC India has started this online payment services for paying the premium amount. Stilt, most policyholders are not aware of the LIC Online Payment, and they still depend on the LIC agents. To make the process more faster and increase independency, LIC started LIC online payment services where one can pay premiums easily in a few minutes, check the policy status and whether the policyholder is a registered user or non-registered user. Additionally, one can pay for more than one policy from a single account (but this is not recommended by LIC). Read the whole article to make easy and secure Online Premium Payment for the policies offered by LIC.
|LIC’s Website||Net banking||Credit card / Debit card||BHIM UPI||Online Wallets|
|Authorized Banks||Axis Bank||Corporation Bank||—||—|
|Franchisees||AP (Andhra Pradesh) Online||MP (Madhya Pradesh) Online||Suvidha Infoserve||Easy Bill Pay|
|Authorized Merchants||Premium Point Agents||Life-Plus (SBA)||Retired LIC Employees’ Collection||—|
Step 1 : Go to the official website of LIC (www[dot]licindia[dot]in), now go to the ‘Online Services’ section located on the left side of the homepage. Click on the option of 'Pay Premium Online’.
Step 2 : After clicking the option it will directly open a page in front of you containing two options, namely 'Pay Direct (Without login)' and 'Through Customer Portal'.
Step 3 : By clicking the ‘'Through Customer Portal’ option, a different page appears with LIC ‘Login ID’ and ‘Password’ fields.
Step 4 : You need to fill the ‘Username and Password’ details in it and click on ‘Submit’ option.
Step 5 : Once login all you need to click on ‘Self Policies’ option to extract the policy details.
Step 6 : Once the ‘Self Policies’ page is opened, click on the ‘Policy Number’ for further information, a page with complete details appears in front of you.
Step 7 : After viewing the policy details , you will be able to see an option of 'Check & Pay' to make an online payment.
Step 8 : Select the policy for which you want to pay and click on the 'Check & Pay' button. It will take you to the payment gateway where you need to make the payment.
Step 9 : Once you have clicked the 'Check & Pay' button, the next screen will show you the option to pay through different modes of payment inclusive of Net Banking, Credit/Debit Card, Wallet, etc. Click on the option of your choice and proceed to complete the transaction of LIC premium payment.
Step 10 : After selecting the mode of payment, a list of banks will display on the screen. The policyholder needs to pay the convenience fees and service tax for processing the LIC Premium payment. Select the bank and click on the ‘submit’ button.
Step 11 : Fill all the details and click on the ‘Make Payment’ button, your payment will be processed. You will receive a payment receipt in th registered e-mail ID and yes! It’s done.
Step 1 : Go to the LIC website (www[dot]licindia[dot]in), The home page of LIC will display on the screen. Look for the ‘Online Services’ section provided on the left side of the web page.
Step 2 :Click on the option 'Pay Premium Online' that will open a page containing two options: 'Pay Premium through e-Services' and 'LIC Pay Direct'.
Step 3 : Since you are a non-registered user, you need to select 'LIC Pay Direct' option for LIC online premium payment.
Step 4 : Now, you will be redirected to a new page. Fill all the information required like the Policy Number, Date of Birth, Mobile Number, e-mail ID, etc. in the page displayed.
Step 5 : And then proceed by clicking the ‘Submit’ option.
Step 6 : Once you enter these details you will be redirected to the payment page, where you can pay the premium amount as per your convenience.
Step 7 : Hence, after the completion of successful payment, a LIC online premium payment receipt with a digital signature on it shall be mailed to the provided e-mail ID. Keep the payment receipt with you as an evidence for your payment.
The policyholder can also use his/her credit/debit card to make the online payment for LIC premiums apart from net banking. The online LIC payment of premiums using credit/debit cards is processed via IDBI Gateway. The credit/debit card payments shall be initiated in 3 simple steps:
|Anmol Jeevan-II (Table No. 822)||Amulya Jeevan-II (Table No. 823)|
|Future Plus (Table No. 172)||Bima Plus (Table No. 140)|
|Jeevan Plus (Table No. 173)||Market Plus (Table No. 181)|
|Money Plus (Table No. 180)||Fortune Plus (Table No. 187)|
|Profit Plus (Table No. 188)||Market Plus (Table No. 191)|
|Jeevan Saathi (Table No. 199)||Money Plus (Table No. 193)|
|Health Protection plus (Table No. 902)||Health Plus (Table No. 901)|
Today, everyone is busy, that is why it is necessary to offer online facilities to reduce the time and labour of society.
Like most of the other insurance companies, LIC has also made it easier for customers to pay premiums online and check the status of the policy anytime from anywhere. The update feature of the same also makes it more reliable.
LIC comes out with a large client base to assure that the customers of LIC need not wait in long queues to make the payment or to make renewals. LIC offers several online premium payment options. Now people can go online to make premium payments and can also deposit premium in one of the authorized centres.
Only 2 banks are authorized by LIC for collection of premium payments:
Most of the customers find it difficult to pay the premiums as they are not very much familiar with the online services or internet, they prefer to make payments by way of offices rather than using online website. Those people will be happy to get to know that LIC also offers many options for premium payment through various private companies and government service providers.
In total, 4 service providers are working along with LIC to assure services for offline premium payment to customers. Let’s have a look at the following:
Nevertheless, there are few things that one must look after while paying LIC premium payments through the above modes:
For convenience at a certain level, LIC provides this option as well, agents such as Senior Business Associates (SBA) development officers and retired employees of LIC are assigned as payment collection agents. Important things to keep in mind when making payment for premiums through the authorized agents:
Following are the term plans available under this category:
|Anmol Jeevan-1 (Table No. 164)||Anmol Jeevan (Table No. 153)||Amulya Jeevan (Table No. 177)||Amulya Jeevan (Table No. 190)|
Paytm, one of the popular mobile payments apps has also introduced LIC premium payment option in its application so as to support customers and policyholders of LIC to make their payments easy without visiting the website and hassle of logging in the account just within a few clicks using net banking facility.
**Without any worries, you can trust and choose LIC online payment services and paytm for your payment of monthly premiums at one go!
The LIC Customer Care number is 022-6827-6827
Availability as follows:
Monday to Friday: 08.00 a.m.-08.00 p.m.
Saturday: 10.00 a.m.-06.00 p.m.
Last updated on 09-02-2021