LIC is one of the top life insurance company of India with more than 2000 branches and 8 zonal offices in India. LIC has more than 250 million lives insured and has 100% Government of India stake. The company has been serving since 1956 and now equipped with technology and IT.
Earlier LIC customers have been dependent on agents to pay premium but now LIC has taken an essential initiative for consumers ease and time saving. Most of the internet users have trust in online payment gateways and internet banking hence they use same facility to make online payments and purchase. Now they can use their online net banking / Credit Card / Debit Card to avail online premium payments benefits of LIC. Earlier the facility of online payment was for registered customers only but now LIC has recently launched online payment gateway where you can make online premium payment without registering your policy at LIC site. You can make online premium payment using Net banking / Cards of more than 50 Banks.
Here I am going to explain you step by step how you can make online LIC premium payments:
Conditions for Online Payment
You must have Credit card / Debit Card or net banking facility available
For registered user payment you must have user Id and password. Read Related Topic: LIC Online Registration
Your bank must be listed in supported banks list of LIC payment gateway.
To make payment as a registered user input your login Id and password. You will be redirected to your profile page, where you can view your policy details and unpaid amount. 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 pay premium and click on the submit button. You will be prompted payment gateway link where you will be making the payment, it seems like online shopping cart.
If you are not a registered user, even then you can make payment by just inputting your policy and contact details.
While you are at online payment page, you will be asked to either using login Id and password or
Pay Premiums without Login using Policy Details Click on “LIC PayDirect"" button and you will asked to fill details like your policy number, premium amount, email Id and Mobile number. After filling the form and submitting you will be redirected to choosing the payment mode and you can easily make payment using Net Banking or Credit/Debit Cards.
You can read full article on premium payment at Pay LIC Premium online .