What is the best way to pay LIC premium online?

Published by Charlie Davidson on

What is the best way to pay LIC premium online?

How to Pay LIC Premium Payment Online with Paytm?

  1. Select the insurer as LIC of India.
  2. Enter the policy number.
  3. Your policy details like policy number, name of the policy holder, premium due date, number of the installment due and premium amount will reflect.

How can I pay my LIC premium online by phone?

How to Pay LIC Premium Outstanding with PhonePe

  1. Open Phonepe application on your mobile (If not installed, try to install first)
  2. Scroll down and go to Recharge & Pay Bills section.
  3. Have a look at LIC Premium icon and click on that.
  4. Enter your LIC Policy Number.
  5. Submit Email id.
  6. Click Confirm.

Can LIC premium be paid online after due date?

You, as a policyholder of LIC, can successfully make premium payment at any of the bank branches of Axis and Corporation Bank. This premium payment can only be done 30 days before the due date for regular life insurance policies. For term insurance policies, the grace period is 15 days before the due date.

How can I pay LIC premium without paying?

Select the options – Net-banking, credit card and debit card – to make the premium payment. It provides real-time payment of renewal premium-dues through the online portal. This functionality is available only to registered customers who have enrolled their policies with the insurer.

Why can’t I pay my LIC premium online?

Unable to make payment online * Policy may be in lapsed condition. You may contact any branch of LIC for revival as per rule. * Premium entered is incorrect. Premium has to be the basic premium (without any taxes) that is mentioned on the policy document.

How can I pay LIC premium online by late fee?

Online Method

  1. LIC Website: Payment can be made through the LIC website using your debit card, credit card, UPI, or any other wallets you may be using.
  2. Authorized Banks: Banks such as Axis Banks, City Union Bank, and IDBI Bank are authorized to accept premium payment on behalf of LIC.

How can I know my LIC premium date online?

For Registered Users:

  1. Step 1: Go to the official LIC website, fill in your credentials like username and password.
  2. Step 2: Login to your account and select the option ‘View Enrolled Policies’.
  3. Step 3: You will be directed to a page where you can see all the listed enrolled policies.

Can I check my LIC policy details online?

Check LIC Policy Status Online (For Registered User) You can check details of your LIC policy including details of the LIC premium payment online, accrued bonuses, group schemes, etc. by simply logging on to the official website of LIC India with your LIC login credentials.

How much late can I pay LIC premium?

Late Payment Charge for a LIC Premium

Months (Delayed) Late Fee for 1 Re per Premium
1st Month 0.005 0.00792
2nd Month 0.01 0.01583
3rd Month 0.015 0.02375
4th Month 0.02 0.03167

Can I pay my LIC premium online?

How to pay LIC Premium Online in less than 15 mins – 3 Options Premium payment through LIC’s website Life Insurance Corporation (or LIC) has really stepped up its digital game in recent years. Payment through your bank’s bill pay services LIC’s website is not the only way to make online premium payments. In fact, arguably, it’s also not the most convenient. Payment through Billdesk or Other bill pay aggregator

How to claim a LIC policy?

fax or e-mail as soon as possible.

  • non early.
  • File you Claim with LIC
  • What are LIC policies?

    Lic Policy or Insurance provides the financial security to you and your family against any unfortunate events. Here, we provide Lic policies of all types such as Whole life Insurance plans, Term Insurance plans, Endowment plans, Children plans, Pension plans, Money back plans and Health Insurance Plans.

    How to calculate a LIC premium?

    Open LIC’s official website and click on the ‘Endowment Plans’ section.

  • Click on ‘New Endowment Plan’ option.
  • Current Age and Policy Term.
  • Select the rider that you would prefer with your endowment plan.
  • Click on the ‘Calculate’ button.
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