LIC Online Premium Payment

1. Log in to the LIC customer portal using your User ID or registered mobile number and OTP.
2. Go to the 'Self Policies' section to see all your policy details and premium due dates.
3. Select the policy for which you want to pay and click ‘Check & Pay’.
4. Choose ‘LIC premium payment online’ option.
5. Pick your preferred payment channel (UPI, net banking, debit/credit card, wallet).
6. Enter payment details, confirm the amount, and complete your LIC premium payment online.
7. You will receive a LIC premium payment receipt instantly on your registered email.

LIC Premium Payment Online for Unregistered Users

1. Visit the official LIC website homepage and select ‘Pay Premium Online’.
2. Choose the ‘Renewal Premium/Revival’ quick pay option.
3. Input policy and mobile details for verification, review your policy and premium amount.
4. Complete the LIC premium payment through your chosen online method.
5. Download the digitally signed e-receipt as proof of payment.

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LIC Online Premium Payment Channels

Easily make your LIC premium payment online using the following channels:

1. LIC Website
2. Net Banking
3. Debit/Credit Card
4. UPI (Unified Payments Interface)
5. Mobile Wallets (such as Paytm, PhonePe)
6. QR Code Scan
7. Merchant Partners & Premium Point

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Authorized Banks for LIC Premium Payment

You can pay LIC premiums at authorized banks via LIC online payment. Updated banks include:

1. State Bank of India (SBI)
2. Punjab National Bank (PNB)
3. Canara Bank
4. HDFC Bank
5. ICICI Bank
6. Union Bank of India
7. Axis Bank
8. Federal Bank
9. IndusInd Bank
10. City Union Bank
11. More up-to-date banks as per latest mergers (remove references to Syndicate, Andhra, Allahabad).

Benefits of LIC Premium Payment Online

1. Save time with 24/7 LIC online payment access.
2. Multiple payment options: UPI, net banking, debit/credit cards, and wallets.
3. Get instant LIC premium payment receipts after every transaction.
4. Secure payment gateways for all LIC premium payments.
5. Avoid missed due dates with automated digital reminders.
6. Track LIC premium payment history easily online.

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FAQs on How to Pay LIC Premium Online

• What are the multiple benefits of paying premiums online?

  As a policyholder for LIC, people have multiple benefits when it comes to paying premiums online. From issuing payment instructions, being able to authorise payments from any location, saving time, to instruction modification, there is a range of advantages of making premium payments online. One can also choose the establishment one wants to transfer from.

• Which LIC Policy Premiums are Allowed Online Transactions?

  Insurance policies that can be accessed through Wide Area Network (WAN) or Metro Area Network (MAN) are allowed online transactions. Additionally, policies that are undergoing servicing in network branches, and the ones that have an ordinary payment mode are also allowed transactions digitally.

• Is this facility free of Cost?

  Yes, this facility is absolutely free of cost and hassle-free. Life Insurance Corporation has its tie-ups with certain banks wherein a monthly fee is paid by the former to the latter for every transaction taking place on the internet. The end-consumer (policyholder) will not have to pay anything from his/her pocket.

• Which establishments have been authorised for collection of LIC premiums online?

  The banks that have been authorised for this purpose are ICICI Bank, Bank of Punjab, Federal Bank, UTI Bank, HDFC Bank, Citibank, and Corporation Bank. The service providers that have been authorised are Billjunction.com, Billdesk.com, and Timesofmoney.com.

• Which are the Cities from Where Service Providers operating?

  Billjunction.com has an establishment in the cities of Delhi, Chennai, Bangalore, Mumbai, Pune, Hyderabad, Kolkata, and Ahmedabad. Timesofmoney.com operates from New Delhi, Bangalore, and Mumbai. Billdesk.com has establishments in the cities of Baroda, Surat, Kolkata, New Delhi, Mumbai, Pune, and Ahmedabad.

• How do I add my details on the website of the service provider/bank?

  On the website of your service provider or bank, login by using the accurate credentials (username and password). Once this is done, set down the policy number, the premium amount, email id, and any another necessary information. This process is usually a one-time requirement. Adding LIC as a biller along with the policy is an important prerequisite.

• After creating an account, when can the premiums be paid?

  Once you have successfully registered on the website, LIC will start sending invoices and receipts stating the due date of premiums. It also mentions the amount of money you will be required to pay as a premium, any late fee applied, and so on.

• What payment methods are available for LIC Premium payments online?

  The payment methods available for LIC premium payments online are UPI (Unified Payments Interface), mobile wallets, net banking, and debit or credit cards.

• How can I contact LIC customer care?

  The toll-free helpline number of LIC customer care center is 1800-233-1100. You can contact the LIC customer care by logging into the account and use the customer service option to submit queries or requests. You can also visit the nearest LIC branch office to get in touch with a customer service representative.

• Is the LIC Premium payments online facility available 24/7?

  Yes, LIC premium payment online facility is available 24x7, including weekends and outside regular business hours.