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Nov 30, 2023 · Pay Your Life Insurance Premiums Online | Official website of Life Insurance Corporation of India. Home. Customer Services. Premium Payment. Payment at Cash Counter. Payment Through Alternate Channels. LIC PORTAL. Pay Premium through LIC Credit Card. Last modified date : 30/8/2023. Plan NAV. Foreign Units. LIC Associates & Subsidiaries.
- Payment Through Alternate Channels
Explore hassle-free premium payment options with LIC. Learn...
- Lic Portal
If standing instructions for premium payment are given to...
- Payment Through Alternate Channels
You can pay premium several modes: LIC Direct Quick Payment – Click here; Through Paytm – Click here; Physically visit at any nearest LIC Branch – Locator – Click here; Online premium payment for LIC’s life insurance policies has made it easier for policyholders to keep track of their policy status.
- What Is An Lic Premium Payment?
- Paying Lic Premiums Offline
- Lic Online Premium Payment Modes
- Benefits of Lic Online Premium Payment Facility
- Paying Lic Premium Online
- Paying Lic Premium Online Through Lic Website
- Paying Through Authorized Banks
- Paying Through Franchisees
- Paying Through Merchant
- Advantages of Lic Online Payment
A premium is simply the amount of money you pay to your insurance provider (LIC in this case) in return for the financial protection it provides to you and your loved ones in the name of life insurance. This premium collected by the insurer is in turn invested in government securities, market-linked funds, and the like. The returns earned therefrom...
Offline premiums for LIC policies can be paid in any of the below-mentioned ways – 1. NACH (National Automated Clearing House)– NACH means National Automated Clearing House and it is an electronic payment facility offered by the National Payments Corporation of India (NPCI). You would have to submit a NACH mandate form at the nearest LIC branch fro...
To make premium payment convenient for its customers, LIC offers a variety of options for online premium payment. Some of the most commonly accepted modes for LIC premium payment online are listed below: 1. Debit or credit cards 2. Via QR code 3. Net banking 4. UPI payments
LIC of India’s online premium payment option has made regular premium payments extremely comfortable for LIC customers. This facility comes with a wide range of benefits, some of which are detailed below: 1. You can choose from several payment options: This is one of the best advantages of the LIC policy premium payment online method. You can choos...
Since digital premium payment modes have become popular, LIC allows you to pay its premiums online. LIC online payment can be done through the following means –
The website of the company allows you to pay LIC premium online with the help of a few clicks of your mouse. You can pay the premium directly without registering as a customer. Alternatively, if you are registered for LIC’s online services, you can pay through the company’s customer portal. The steps for payment through both of these means are as f...
LIC has partnered up with Axis Bank, City Union Bank and IDBI Bank to serve as authorized premium collection points for LIC policyholders. You can, therefore, visit the nearest branch of any of these authorized banks across India and pay your LIC premiums on their counter through cash or cheque. If you are paying through cheque, the cheque should b...
LIC has various franchises which allow you to do LIC online payment of premiums. These franchisees are as follows – 1. AP Online 2. MP online 3. Instapay 4. PayTM 5. Suvidha Infoserve 6. CSC To pay premiums through any of these franchisees you would have to deposit cash. Premiums cannot currently be paid through cheques. As soon as you deposit the ...
Various merchants are also tied up with LIC for LIC online payment facility. These merchants are as follows – 1. Empowered agents who collect premiums through specified premium points 2. Senior Business Associates (SBAs) and LIC Associates who collect premiums through Life Plus Offices 3. Chief Organizers 4. Retired LIC employees These merchants ar...
By allowing online payment facility for premiums, LIC has offered its customers a host of advantages. These benefits are as follows – 1. Customers can pay the premium even on the move as they don’t have to visit the branch of the company for premium payment 2. Online premiums are credited almost instantly in real time-saving time for policyholders ...
Online Premium Payment is LICs initiative to provide on demand premium collection service within a few clicks! It provides for real-time payment of renewal premium dues through the LIC portal. Premium payment facility is available to both registered as well as Non-registered customers by using PAY DIRECT option on LICs website - www.licindia.in.
Jul 23, 2019 · To continue enjoying the benefits of the plan and to avoid the plans from lapsing, it is important to pay the premium on time. LIC premium payment can be done in 2 ways – online or by visiting the LIC branch office. LIC online premium payment can be done via different modes – net banking, credit card, debit card, etc.
Payments for LIC insurance can be paid online in a variety of methods, including through the LIC website, licenced bank branches, franchisees, and merchants. We've compiled a comprehensive overview of all the ways clients can pay for their insurance coverage right here. LIC Online Payment Channels. LIC Website: Net banking. Debit Card. Credit Card.
May 20, 2022 · LIC premium payment can be done online using net banking, Credit cards, UPI apps like PayTM and PhonePe, and more. In addition to the convenience, the online methods also offer rewards such as cashback for making payments for the LIC policy. Here’s a quick look at the many methods you can use to pay LIC premium payment online: Also Read.
