Lic of India Premium Pay Methods Online and Offline Explained

You can pay your LIC of India premium online or offline, whichever suits you best. The LIC of India offers multiple payment methods to make the process convenient and hassle-free.

To pay online, you can use the LIC of India website or mobile app, which accepts various payment options like credit/debit cards, net banking, and UPI.

Offline payment methods include cash, cheque, and demand draft. You can also pay at a LIC of India branch, post office, or a designated bank branch.

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You can pay your LIC premium up to 30 days before the due date, giving you some flexibility in managing your finances.

Paying premium through the online channel is not advisable if your policies are already registered under Bill Pay option of Electronic Debit to avoid duplicate payment.

Premium can be paid for Ordinary in-force and Spot Revival allowed policies under all Plans and modes, including Yearly, Half-Yearly, Quarterly, and Monthly-Ordinary.

If you're paying premium for policies under Salary Savings Scheme (SSS) mode or NACH mode, you cannot pay online.

However, if the last NACH transaction is dishonoured and NACH mandate status is pending, you can pay premium online for NACH mode policies.

Renewal Premium can be paid for ULIP & Health Insurance Policies also, giving you more options for managing your existing policies.

Premium for policies under NACH mode cannot be paid online, but you can pay online if the last NACH transaction is dishonoured and NACH mandate status is pending.

Here are the modes of payment allowed for premium payment:

Note that premium for policies under Salary Savings Scheme (SSS) mode cannot be paid online.

You can pay your LIC premium using a credit card, and there are two ways to do it. If you're paying for the first time, you can make online payment without registration.

To pay your premium using a credit card, you'll need to visit the LIC website and follow the instructions. For registered users, you can directly login to your account and pay your premium using your credit card. You can also use Bill Pay or Electronic Bill Presentment and Payment (EBPP) through various banks, including Corporation Bank, ICICI Bank, CITI Bank, HDFC Bank, Axis Bank, and Federal Bank.

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The process of paying your premium using a credit card is quite straightforward. You'll need to select your policy type and premium option, confirm the details, and then choose the payment option. Since you're using your credit card, you'll need to select the credit card option and enter your card details to process the payment.

You can pay your premium using a credit card through the LIC website or through Bill Pay or EBPP. The following banks provide Bill Pay facility for LIC policies: Corporation Bank, ICICI Bank, CITI Bank, HDFC Bank, Axis Bank, and Federal Bank.

Here are the banks that provide Bill Pay facility for LIC policies:

You can pay your LIC premium through various channels, including online, offline, and mobile methods. One of the most convenient ways is through LIC's official website, where you can pay your premium using your credit card, net banking, or debit card.

To pay your premium online, you can follow the steps outlined on the LIC website, which include logging in to your account, selecting the policy you want to pay for, and choosing the payment option. You can also pay your premium through LIC's e-services portal, which offers a one-stop solution for all your policy-related needs.

Other payment channels include paying at LIC's authorized banks, such as Corporation Bank, Axis Bank, and ICICI Bank, where you can pay your premium in cash or by cheque. You can also download the LIC mobile application to pay your premium using BillDesk Instapay.

You can deposit your premium in advance, which is a great option to consider. The maximum dues allowed for advance payment is up to the end of the financial year.

For example, if your premium falls due up to March 31st, you can deposit it in the current financial year. Premium due in the next financial year can also be deposited in advance, but only for a maximum period of three months in advance of the due date.

To make an advance payment, please ensure that your mobile number and email ID are correct and valid, as a receipt will be mailed to your email ID.

Direct Debit is a convenient payment method for LIC policyholders. It involves automatic debits from the policyholder's bank account to settle renewal premium dues.

This mode is available to policyholders who have completed their policies online through IDBI Bank. Direct Debit ensures timely and hassle-free transactions, as payments are processed on the debit date without requiring manual intervention.

The process is seamless and efficient, making it a popular choice among policyholders. Once authorized, payments are processed automatically, eliminating the need for manual intervention.

To use Direct Debit, policyholders must have completed their policies online through IDBI Bank. This mode is ideal for those who want to ensure timely premium payments without any hassle.

Here are the key features of Direct Debit:

You can pay your LIC premium through authorized banks, and it's a convenient option. Corporation Bank, Axis Bank, and ICICI Bank are among the banks that offer this facility.

To pay your premium through these banks, you can either use a cheque or cash at the cash counter. Keep in mind that if you have a ULIP policy or a salary savings scheme policy, you cannot pay the premium through bank.

One way to pay your LIC premium through ICICI Bank is by using the Direct Debit method. This involves giving a standing instruction at your bank through a mandate form available at the LIC branch office.

Here are the authorized banks where you can pay your LIC premium:

Remember, you can also pay your premium up to 30 days before the due date without any late fee.

You can pay your LIC premium online using a credit card through the LIC website, and the process is slightly different for first-time users and registered users.

First-time users can make online payment without registration by visiting the LIC website and clicking on 'Pay Premium Online' under 'Online Services'. From there, they can select the 'Pay Direct' option and follow the instructions to enter their policy details and make the payment.

Registered LIC users, on the other hand, can directly login to their accounts to pay their LIC insurance premium. They can visit the LIC website, click on 'Customer Portal', and then select 'Pay Premium Online' from the left side menu.

There are also other online payment options available, such as Bill Pay or EBPP, which allow you to pay your LIC premium through your bank's online bill payment facility. Some banks that provide this facility include Corporation Bank, ICICI Bank, CITI Bank, HDFC Bank, Axis Bank, and Federal Bank.

To use Bill Pay, you need to register your policy on one of the banks engaged by LIC of India for this purpose. This way, the Renewal Premium amount will be debited from your bank account automatically.

Here are some banks that provide Bill Pay facility for LIC policies:

You can pay your LIC premium using a credit card, and it's surprisingly easy. To do this, you'll need to visit LIC's official website at www.licindia.in.

First-time users can pay their premium online without registration by following the instructions mentioned below. They'll need to click on the 'Pay Direct' option and then select 'Renewal Premium/ Revival'.

If you're a registered user, you can directly login to your account to pay your premium. To do this, you'll need to visit the LIC's official website and click on the 'Customer Portal' option.

Once you're logged in, you can select 'Pay Premium Online' option under 'Premium Services' and then choose the 'Internet banking/ Debit Cards/ e-Wallets/ Credit Cards' option.

You'll then be directed to a payment gateway where you'll need to select your credit card and enter the card details to process the payment.

On successful premium payment, you'll see an acknowledgment confirming the payment, and you'll also receive a payment receipt to your registered email ID within 48 hours.

Here are the steps to pay LIC premium using a credit card for both first-time users and registered users:

Steps to Pay LIC Premium Using a Credit Card:

You can pay your LIC premium using a credit card, and it's a relatively straightforward process. Simply visit the LIC official website, log in to your account, and select the 'Pay Premium Online' option.

To pay your premium using a credit card, you'll need to select the 'Internet banking/ Debit Cards/ e-Wallets/ Credit Cards' option and then enter your card details to process the payment. You'll receive an acknowledgment confirming the payment, and a payment receipt will be sent to your registered email ID within 48 hours.

If you prefer to pay your premium through Bill Pay or EBPP, you can use services like Bill Desk, Tech Process, and others provided by banks such as Corporation Bank, ICICI Bank, and HDFC Bank. These banks offer Bill Pay facilities for LIC policies, making it easy to pay your premium online.

You can pay your LIC policy premium through Bill Pay or Electronic Bill Presentment and Payment (EBPP). This method is similar to Direct Debit, where the premium amount is debited from your bank account.

To use Bill Pay, you need to register your policy on one of the banks or service providers engaged by LIC of India. You can also use Bill Desk or Tech Process to facilitate the payment.

Several banks offer Bill Pay facility for LIC policies, including Corporation Bank, ICICI Bank, CITI Bank, HDFC Bank, Axis Bank, and Federal Bank.

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Downloading receipts online can be a game-changer for bill payers. It's convenient and seamless, allowing you to access your payment documents from the comfort of your own home.

You can save soft copies of your receipts, which can be beneficial for proactive financial planning. This way, you can avoid paying late fines and keep track of your premiums.

The LIC e-service portal makes it easy to download your payment receipt online. By following a few simple steps, you can quickly access and retrieve your premium payment document.

Here's a simple process to download your receipt online:

ICICI Bank is one of the authorized banks for this facility. LIC Mutual Fund, IndiaIdeas.com Limited (Bill Desk) are also authorized service providers.

This facility is free for all customers, with no charges to be paid to LIC, Bank, or Service Provider. LIC pays service charges to the Bank/Service provider as per pre-decided rates.

Policyholders can register their policies in the Banker's/Service Provider's website, who will send the policies for Verification to LIC. The Policyholder holding LIC Credit Card and wish to register under Bill Pay option has to fill LIC Premium Payment Registration Form.

For any reason, if LIC rejects the registration, the information regarding the same will be sent by the LIC/Bill Pay service provider to the Policyholder.