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LIC Online Payment: How to Pay LIC Premium Online?

Life Insurance Corporation of India (LIC) is one of the most trusted names in the Insurance domain in India. It is a public sector company which not only offers its services in India but it also offers its services in many other countries. The company has several different insurance plans which include term life plans, endowment plans, health insurance plans, children policies, micro insurance plans and a lot of other benefit plans. Majority of Indian purchases insurance plans from LIC and they are undoubtedly happy with the services that they get. The LIC is also implementing continuous improvement, and it is making its products as well as services better.

It comes as no surprise to anyone when they are told that the LIC is the best insurance company in India. There is no doubt about it. You would have noticed that a majority of LIC Policy Holders can avail the services online and they do not have to visit the branch these days. Those days are gone when you had to stand in long lines to pay the Premium of the policy. Today, a large portion of premiums are paid via the online premium portal or digital wallets. This online payment mode eliminates the need of visiting the branch. You do not have to worry about issuing the cheque or depositing the cash in the LIC branch.

The time saved is the additional bonus as you would not have to wait at the branch for your turn. The best about the LIC Online Premium Payment is that you would not have to worry about the documentation either. There is no need to fill a form, and there is no need to maintain the digital copy of the premium receipt.  When you are paying the Premium online, the digital copy of the receipt is issued immediately, and you can use the receipt as the proof of payment during the income tax return.

In this article, we have listed some of the ways by which you can make the LIC premium payment online. You can check out the details and use one of these ways for the online premium payment for the upcoming dues. It will certainly you by saving time as well as resources. Check out the details below to find out more about the same.

How to Make LIC Premium Payment Online?

There are majorly two ways to make the premium payment online. One of them is by logging into your account, and the second one is without logging into the LIC Account. You can use any of the way listed below to make the payment. Let us review both the procedures below.

LIC Premium Payment for Registered Users

If you have already registered your account on LIC, then the premium payment will be a piece of cake. You would need just a few minutes to pay the Premium, and you would not even need the policy details. Check out the steps listed below to make the payment of the Premium.

This is how easy it is to make the payment of LIC Premium via Online Portal. We understand that you might not be a registered user and you might still want to pay the Premium. In the section below, you can check out the steps of paying the Premium without logging into your account.

LIC Premium Payment for Non-Registered Users

You can follow the steps listed below to make the payment without logging into the account. This is especially beneficial if you do not have an account with LIC.

Payment Channels for LIC Premium

There are multiple payment channels for paying the LIC premiums. Some of them are linked to the LIC portal while others are not. You can check out the details of these premium channels for LIC Premium Payment

If you are not willing to make the payment through the LIC Portal, then you can use one of these methods to pay the Premium of your LIC Policy. If you would like to use the e-Wallet, then you can check out the section below for more details.

Payment through e-Wallets

It is possible to make the payment through e-wallets as well. You can go ahead and check out the steps below to pay the Premium through various wallets. You can review the steps below to make the payment via different online wallets.

Additional Charges with Online Payment

There are some charges associated with Online Payment. You can review the details below.

Final Over

This was all about the LIC Premium Payment via Online medium. We have covered a majority of the methods but if you want more information about any particular system, then reach out to us, and we will add more details for you. We have not listed any details about the offline payment since we want to make things easy for you. You can go ahead and try any of these methods to pay the Premium without wasting half of your day.

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