LIC Online Payment Login

Last Updated at: March 12, 2020
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LIC Online Payment

LIC’s online payment system has made life easier for Indians across the country, as they no longer have to physically visit the LIC office. You can make the payment on the LIC website either in two ways – Direct or through Customer Portal. Here’s a look at everything you need to know about the LIC online payment process.

  1. Payment Methods – LIC

  2. LIC Online Payment

  3. Online LIC Payment through Bank

  4. LIC Online Payment through Paytm

     

Payment Methods – LIC

There are several ways by which you can make the LIC payment. Some of those methods have been listed below. Some of the most popular options are online payment through the LIC website, via banks, franchises and LIC agents and also through Paytm.

LIC online life insurance of corporation india

LIC Online Payment Login

This option exists for registered policyholders who wish to pay their policy premium through e-Services offered by the LIC via their website. To make the LIC payment online in India, a registered user must do as follows:

  1. Visit and foremost, visit the LIC India official web portal
  2. From the homepage, select one of either option- Pay Direct or Through the portal
    life insurance of corporation india LIC corp online
  3. Next, input your details and credentials if you opted for the direct pay option
  4. In case you opted for the portal option, you will have to input your LIC login credentials, that is, your ID and password
  5. Enter the required information and then click on Submit
  6. Next, a dialogue box will open up and will ask for your account number and amount to be paid
  7. Enter the details as required and click on Next
  8. A list of all your policies will be displayed. Go through them and select the one that you wish to pay for.
  9. Next, click on the Online Premium Payment option, and select all the policies for which you want to make the payment
  10. Click on Submit, go through all the selected premiums and policies, and confirm to move ahead
  11. From here, you will be redirected to the payment portal, wherein you can complete the LIC online payment via credit card/debit card or even net banking

Get free legal advice now

Online LIC Payment through Bank

As per the law, customers can make their premium payments to the LIC via the ATMs of Axis or Corporation Bank. However, while this facility is free, to do this, the customer must have registered their account and policies to their bank accounts via the bank’s official website. Here’s a look at a few do’s and don’ts when it comes to bank payments.

Accepted Payments

Not Accepted Payments

Active LIC policies Salary Savings Scheme policies
Only 30 days before expiry for regular policies

Only 15 days before expiry for term insurance policies

ULIP and Health policies payments

 

Banks will give out a receipt once the payment is successful  Not for the coming fiscal year
Via cash/ cheque/demand draft 8% late fee on the premium

 

Furthermore, people also have the option of making the payment through their IDBI bank gateway via their debit or credit cards. To do this, users must first log in to their LIC portal. Then, they must select the IDBI Gateway. Choose your card type, enter the amount to be paid and then click on Submit. Once you are taken to the payment portal, enter your card details and authenticate the transaction to pay the amount. This method of payment is popular as it requires no registration, has no delay and is a very secure method.

LIC Online Payment through Paytm

  • Payment may be done either via the Paytm app or even through their website

life insurance of corporation india LIC corp online

  • On the app, go to the Bill Payment section and choose the Insurance option
  • From the options available, select LIC and click on Next
  • Next, enter your policy number
  • Enter the premium amount and then make the payment via your wallet or even using other payment options available on Paytm

life insurance of corporation india LIC corp online

  • Once you have made the payment, you will receive a confirmation message via notification, SMS, and email

 

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LIC Online Payment Login

248

LIC’s online payment system has made life easier for Indians across the country, as they no longer have to physically visit the LIC office. You can make the payment on the LIC website either in two ways – Direct or through Customer Portal. Here’s a look at everything you need to know about the LIC online payment process.

  1. Payment Methods – LIC

  2. LIC Online Payment

  3. Online LIC Payment through Bank

  4. LIC Online Payment through Paytm

     

Payment Methods – LIC

There are several ways by which you can make the LIC payment. Some of those methods have been listed below. Some of the most popular options are online payment through the LIC website, via banks, franchises and LIC agents and also through Paytm.

LIC online life insurance of corporation india

LIC Online Payment Login

This option exists for registered policyholders who wish to pay their policy premium through e-Services offered by the LIC via their website. To make the LIC payment online in India, a registered user must do as follows:

  1. Visit and foremost, visit the LIC India official web portal
  2. From the homepage, select one of either option- Pay Direct or Through the portal
    life insurance of corporation india LIC corp online
  3. Next, input your details and credentials if you opted for the direct pay option
  4. In case you opted for the portal option, you will have to input your LIC login credentials, that is, your ID and password
  5. Enter the required information and then click on Submit
  6. Next, a dialogue box will open up and will ask for your account number and amount to be paid
  7. Enter the details as required and click on Next
  8. A list of all your policies will be displayed. Go through them and select the one that you wish to pay for.
  9. Next, click on the Online Premium Payment option, and select all the policies for which you want to make the payment
  10. Click on Submit, go through all the selected premiums and policies, and confirm to move ahead
  11. From here, you will be redirected to the payment portal, wherein you can complete the LIC online payment via credit card/debit card or even net banking

Get free legal advice now

Online LIC Payment through Bank

As per the law, customers can make their premium payments to the LIC via the ATMs of Axis or Corporation Bank. However, while this facility is free, to do this, the customer must have registered their account and policies to their bank accounts via the bank’s official website. Here’s a look at a few do’s and don’ts when it comes to bank payments.

Accepted Payments

Not Accepted Payments

Active LIC policies Salary Savings Scheme policies
Only 30 days before expiry for regular policies

Only 15 days before expiry for term insurance policies

ULIP and Health policies payments

 

Banks will give out a receipt once the payment is successful  Not for the coming fiscal year
Via cash/ cheque/demand draft 8% late fee on the premium

 

Furthermore, people also have the option of making the payment through their IDBI bank gateway via their debit or credit cards. To do this, users must first log in to their LIC portal. Then, they must select the IDBI Gateway. Choose your card type, enter the amount to be paid and then click on Submit. Once you are taken to the payment portal, enter your card details and authenticate the transaction to pay the amount. This method of payment is popular as it requires no registration, has no delay and is a very secure method.

LIC Online Payment through Paytm

  • Payment may be done either via the Paytm app or even through their website

life insurance of corporation india LIC corp online

  • On the app, go to the Bill Payment section and choose the Insurance option
  • From the options available, select LIC and click on Next
  • Next, enter your policy number
  • Enter the premium amount and then make the payment via your wallet or even using other payment options available on Paytm

life insurance of corporation india LIC corp online

  • Once you have made the payment, you will receive a confirmation message via notification, SMS, and email

 

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