You can pay LIC premiums using Net Banking accounts
Here’s a simple step-by-step guide on how you can go about using this facility:
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Once you have enrolled your policy(s), you can click on the link ‘Pay Premium Online’ to see a list of policies whose premium is due.
You have a choice to select the policies for which you want to pay premium.
You will be directed to a page where you can choose from multiple banks for payment and will be directed to the login page of the selected bank. It is essential that you have a net banking account with at least one of these banks.
At the bank site you will need to login with your net banking username/password. On successful login, the total amount to be paid by you towards LIC will be displayed.
Please verify your balance (displayed) and confirm the transaction to the bank. Simultaneously successful/unsuccessful transaction message will be flashed.
On successful transaction, a digitally signed e-receipt will be generated and e-mailed to you. In case of an unsuccessful transaction you will be informed and the reason thereof.
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For detailed documentation on how to verify the digital signature on the e-receipt,click here.
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How to pay LIC Premium through Credit Card
LIC is equipped with online payment gateway to help its customers to make a payment with the click of button.This online payment facility is available only to registered customers who have enrolled their policies for such payments.
LIC premiums can be paid by
- By net-banking using Bank Accounts and Debit Cards
- Credit Card payment
How does LIC acknowledge the registered policy details?
- The bank/service provider sends these details to LIC for validation & confirmation of the registration data at pre-determined intervals.
- LIC validates the registration data and informs the bank/service provider about the registration status. Since LIC’s database is de-centralized, generally it takes a week’s time for confirmation of registration data.
- A consolidated database of registered policies is maintained by LIC. This database is updated at regular intervals on the basis of changes received from the original servicing branches.
- LIC also sends auto-mailers to the registered policyholders informing the registration status.
How To Check LIC of India Policy Status online?
Let’s see How To Check LIC of India Policy Status online?
To know your LIC Policy status online, you need to register yourself on www.licindia.in LIC website first. You can register directly here:https://www.licindia.in/NewUserRegistration.htm
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