Pay LIC Premium Online Using Credit/Debit cards

Pay LIC Premium Online Using Credit/Debit cards

LIC provides online payment to policyholders in this busy world. Now people can pay LIC policy premium online by using their debit/credit cards or online net banking account. The best way to the reminder in Gmail or Yahoo for premium payment reminder every year and you pay online within 5 minutes. The process is pretty simple and easy to understand. You will do debit and credit card payments through IDBI Gateway.

These are the advantages of paying LIC Premium online

  • You can pay premium within 5 minutes
  • Pay anywhere in the world
  • Keep proof of payment (Conformation send to your mail or mobile number)
  • You can pay easily even by credit card

Steps to Pay LIC premium online using Credit/Debit card:

The credit or debit card payments can be started in below mentioned easy steps

  • After selecting the checkbox against the “IDBI Gateway” option then you will be redirected to next page where you find the different card types
  • Select the card type through you want to make payment and you will get the total payable amount with applicable service tax on it
  • Once you can select the card type and click on submit button
  • After submitting the card type then enter your card details to process the transaction like card number, date of expiry, CVV number, registered mobile number or email id, and your name on card
  • Enter the captcha code and click on Pay option
  • After successful payment receipt will be generated and sent to your registered email address with LIC

Premium collection through Authorized banks:

For LIC to collect premium payments these are the 2 banks to authorize Axis band and corporation bank. Things to remember when paying your LIC premium payment through these banks

  • You can easily pay premiums at any extension branches
  • You can pay the premium for active, non-SSS and non ULIP policies using this payment channel
  • You can submit the payment only through cash or cheque mode drawn on either of banks
  • You can make the payments 30 days in advance of the due date of the policy. There are the few term insurance policies that to make premiums payments 15 days in advance like 164-Anmol Jeevan-1, 177- Amulya Jeevan, 153- Anmol Jeevan, 190 Amulya Jeevan
  • Policyholders may pay the late payment charge that includes an interest rate of 8%
  • Premium payments are not acceptable for few ULIP and certain health protection policies like
  • 172-Future Plus
  • 173-Jeevan Plus
  • 180-Money Plus
  • 140- Bima Plus
  • 187-Fortune Plus
  • 191-Market Plus
  • 199 – Jeevan Saathi
  • 188-Profit Plus
  • 181-Market Plus
  • 193-Money Plus
  • 901-Health Plus
  • 902-Health protection plus

Users will get the receipt from banks after making the successful payment

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