Any Person who takes the LIC policy should pay the premium for every premium paying term. In Olden days, LIC Premium can be paid only through Agents or by visiting their Nearest LIC Branch Office. But now in this busy life, it is very difficult to go the LIC Office to pay the premium. So for the Users convenience Life Insurance Corporation of India has introduced the LIC Online Payment Service.
Life Insurance Corporation of India is a leading Public Sector life insurance company in India. People have good faith and trust on LIC because it was monitored by the Indian government. Though users know about the products of LIC, they are not aware of the services and extra features offered by the LIC of India. One of that Service is LIC online payment.
Most of the people think that Online Payment of LIC is done only through agents or directly by going to the LIC office. But Online LIC Payment at the official website would be tension free and saves you a lot of time. Still many policyholders are not aware of the LIC Online Premium Payment Process, and they still depend on the LIC Agents. Hence, go through the following sections of this article for LIC Online Payment Details.
LIC Online Payment
So for the LIC Customers who does not have an idea about the LIC Online Payment Service we have given the complete procedure to Pay LIC Premium through online mode. We hope this process will help you to pay the Premium through online in an easy way without any hesitation. By using the Online LIC Premium Payment Service you can also Pay Premium for all your Policies in the single account (but it is not recommended by LIC).
Check the below LIC Payment Online Steps. By following these simple steps, you can pay the LIC Policy Premium online with just a few clicks on your PC from anywhere in the World. LIC is offering online payment service for both Registered and Non-Registered Users. In this Article, we have given the LIC Online Payment Steps for both Registered and New Users. Check those Simple Steps and Pay your Premium through online. The New users should complete LIC Online Premium Payment Registration before making payment. You can also pay the LIC Premium in many alternate ways, they are also mentioned below. Check all the LIC Premium Payment Options and choose the best option according to your convenience.
LIC Alternate Channels of Premium Collection
If your LIC Premium is a due, why standing in a queue? Many of us have taken LIC Policies but only a few know about the options available with LIC to pay their premium. There are two channels such as Online and Offline modes are available in LIC to Pay the Premium. Here we have provided both the channels for making the LIC Insurance Online Payment.
Online Mode of Premium Collection
LIC Online Payment can be done in following ways
- LIC Website.
- Authorized banks.
- Franchisees.
- Merchant.
Offline Mode of Premium Collection
How to Pay LIC Premium Online?
LIC of India Login Page helps the Customers to pay the Premium through online. There are few simple steps to be followed by the Policyholder to log on to the LIC Web Page. First of all, you should register yourselves in the LIC Portal to pay the premium amount. Recently LIC has also introduced a new facility called LIC PayDirect. The LIC direct pay service helps you to pay the premium without registration but with only policy details. This LIC Online Payment facility is completely free and it does not require any registration charges, annual costs, and hidden costs.
Initially, there is no facility to pay the LIC premium amount using the credit card. So, one should make the LIC Online Payment through Debit card or Net Banking. But recently LIC India has provided an option for LIC Online Premium Payment through Credit card. So, one make use of this option too during premium payment.
LIC Online Premium Payment Procedure for Registered Users
The Steps to Pay Premium through online for Registered Users are as follows
- Login to the LIC Official Website.
- Go to LIC Online Services section.
- Click on Pay Premium Online Option available in Online Services Tab.
- You will be directed to a page where you can see two options of “Pay Direct” and “Pay Premium through e-Services“.
- Click on Pay premium through LIC eservices option.
- You will be directed to a window showing the below Images.
- Click on Registered User.
- Enter your User Name and Password and give the Answer for the asked Question.
- Now LIC e-Services Page will be Opened.
- In that select Pay Premium Online Option under “Premier Services”.
- Select the Policy Type and Premium Option.
- Now Enter your Policy Details like Policy Number, Installment Premium, Date of Birth, etc. and click on proceed.
- Pay Premium using Credit Card/ Debit Card/ Net Banking.
- A Message like “Your Payment is Successful” will be shown on screen.
- With this Step, your Online Premium Payment of LIC is successful.
- After Successful Payment, the Premium Payment receipt will be emailed to your registered E-mail Id.
- Check it Once and Save it for future reference.
LIC Premium Payment Procedure for a New User
The Individuals can also make LICOnline Payment without registration. If you forgot your user id and password during login, then you should retrieve the same which is a time taking process. So, if you follow this Pay Direct method, then there is no need to make payment through LIC Online Payment Login.
The Simple Steps to Pay Premium through online for New Users are as follows
- Login to the LIC Official Website.
- Go to Online Services tab.
- Click on Pay Premium Online Option available in Online Services Tab.
- You will be directed to a page where you can see two options of “Pay Direct” and “Pay Premium through e-Services”.
- Click on LIC Pay Direct Option.
- You will be directed to a Page of Online premium payment.
- In that enter the details like Policy Number, Installment Premium, Date of Birth, Email Id, etc. and click on Submit.
- Choose one of the available premium payment options and Pay the amount along with convenience fee and service tax which are different for credit and debit cards.
- The Premium receipt will be emailed to your registered E-mail Id.
- The Policyholder can also check the LIC Transaction Status through online.
How to Pay LIC Premium in Offline Mode?
You can also pay the LIC Premium in Offline Payment Mode. In Offline mode, the Policyholder has the option to choose the premium Payment Channel. You can pay the Premium amount in three options such as ECS, Bill Pay, and ATM. So, choose any one option and make the payment at LIC Cash counter itself.
- If you opt for LIC Payment through ATM option, LIC Premium Payment Service is available in one of the following banks.
- Axis Bank.
- Corporation Bank.
- ICICI Bank.
- If you choose the payment through Bill Pay option, you have to visit the Nearest LIC Branch. The Cash Counter Timings of LIC are given below.
- Electronic Clearance Service (ECS):
In the Electronic Clearance Service method, the premium is electronically debited from your bank account on a stipulated date based on the due date of the policy. You can pay the Premium in a Convenient way by opting for this ECS Option. It is automatic and the only thing to be ensured is that required amount is available with the account.
Enjoy the Online payment service of the Life Insurance Corporation and save your precious time. I hope this Article is helpful to all the people.