LIC or life Insureance Corporation is the leading insurance provide in India. It is controlled by the government of India. Many people still unaware about the LIC Online Payment. They still depend on agents or branches to pay their premium. This is because LIC has never promoted their website.
In this article we are exploring steps for making the LIC premium online. I hope this article is useful for many readers since everyone has LIC policy. This process is hassle free and save lots of your valuable time. You can also make payment for multiple policies through one account only, however this is not recommended by LIC. Please read the following steps to make your LIC Premium online.
After creating the user account, you can login to the portal with the new created username. Once logged in you have to add your policy number to retrieve the policy details. In the left side menu you will find “Enroll Polices” link. Click on that link and add your policy number and the premium amount.
Step 3 : View Policy details
If you enroll a policy, then you will be able to view all the details related to that policy. It includes policy started date, sum assured, plan, policy term, address, premium, next premium due, accrued bonus, branch and agent details. The following is the screen that shows the above details:
Step 4 : Pay LIC Premium
Now you are ready to make the payment online. Click on the ‘Pay Premium Online” link and you will see a list of policies you have enrolled in your account. Select the policies which you want to enroll and click on the submit button. It will be landing to the payment gateway site where you will be making the payment. Once payment is done, you will be returning to the same webpage.
Step 5 : View Premium Receipt
You can view the premium receipt anytime. It is one of the advantage if we are making the payment online. We can keep the receipts safely and take the printouts anytime. The copy of the receipts will be sent to your email-id which is registered with your policy number.
You have to create separate user id if you are enrolling policy for different persons. It is because the system will not allow you to enroll the policy if the profile birth date and enrolled policy holder’s birth date does not match. They also suggested to use the separate user id for each person.
This article is useful for the readers who want to pay the premium of there LIC policy online. If you have any enquiry please post it in the comments. LIC site doesn’t have the option to pay using the credit card. You must has the online banking account with any of the Indian bank to pay the premium online to the LIC policies. You can add any number of policies in the same username. Thank you for reading the article LIC policy online !!